CHL CMF Pension Annuity Policy Data


On Apr. 8, CHL CMF consulted on collection of pensions annuity data.


  • CHL CMF issued consultation and regulatory report on proposal to modify circular 1815 regarding sending information on pension annuity policies of DL No. 3.500 of 1980.
  • Summary
  • Through circular 1815, CHL CMF obtains information on annuities contracted in the month, along with aggregate information on the number and amount of pensions paid.
  • Change to collect structured and periodic information on number of pensions paid by payment method/accrual date, using online information submission system (SEIL).
  • Update also incorporates the date of pension payment in each insurance company.
  • Mainly seeks to automate the sending and receipt of the monthly pensions information.
  • Also seeks to generate informational databases that can be updated quickly/efficiently.
  • Consultation
  • Comments on proposed modifications to circular 1815 due on or before May 2, 2024.
  • Jun. 2024 CHL CMF Final Rules
  • On Jun. 13, 2024, CHL CMF reported issuance of final rules on annuity policy data.
  • Also, CHL CMF issued related Circular 2352 of Jun. 11, Resolution 5273 of Jun. 10.
  • Circular 2352 establishes that the information re the payment date of the pensions corresponding for Oct., Nov., and Dec. 2024 must be entered on first 5 days of Oct.
  • Final rules come into force on Oct. 1, 2024.

Regulators CHL CMF
Entity Types IA; Inv Co; Pension
Reference PR, Info, 13/6/2024; Cir 2346, 6/11/2024; Res 5273, 6/10/2024; PR, CP, Info, 4/8/2024
Functions Compliance; Financial; Legal; Record Retention; Reporting
Countries Chile
Category
State
Products Fund Mgt; Pensions
Regions Am
Rule Type Final
Rule Date 4/8/2024
Effective Date 10/1/2024
Rule Id 207710
Linked to N/A
Reg. Last Update 6/13/2024
Report Section International

Last substantive update on 06/18/2024