On April 21, 2022, a public consultation process on new access requirements and operating rules for the Formal Exchange Market was opened, in the context of the third stage of the modernization of the Central Bank’s exchange regulations.
The main goals of the intended changes at this stage are the following: First, to facilitate the access of stockbrokers, securities agents and foreign banks with representative offices in Chile to the Formal Exchange Market (hereinafter “FEM”), lowering and easing up the requirements in this regard. Second, to have the entities participating in the FEM verify that the digital platforms they use for their transactions comply with certain minimum requirements and last, to repeal Chapter VIII of the Central Bank’s Compendium of International Exchange Regulations as of July 1st of this year.
