Instructions are established regarding security measures and authentication standards.
Applicability
Security measures, authentication standards for banks, supporting service companies, card payment issuers, and savings and credit cooperatives supervised by CHL CMF.
Provides minimum standards on security, registration, authentication, and criteria.
Specifies the use of Strong Customer Authentication (ARC), defines mandatory cases corresponding to fund transfers, customer onboarding processes to digital platforms.
May use ARC in cases of fraud or gross negligence where Law 20.009 provisions apply.
Effectiveness
These regulations will come into force starting Aug. 1, 2025; exceptions are the mandatory-use cases of strong authentication, which are effective starting Jul. 2026.
Regulators
CHL CMF
Entity Types
Bank; CNSM; Depo
Reference
PR, NGC 538, Res 5880, 6/17/2025; Citation: Law 20.009;
