Extends Bank Governance Consultation to June 10, 2026
Summary
The Financial Market Commission (CMF) of Chile has extended the public consultation period for its regulatory proposal on bank management assessments, covering corporate governance and recovery planning. The comment period, originally closing on April 17, 2026, is now open until June 10, 2026. The extension responds to an industry request citing the proposal's complexity and significant potential impact on the banking sector.
“The new timeframe to submit comments or observations runs until June 10, 2026.”
Affected Chilean banks should use the extended deadline to conduct a thorough gap assessment between their existing corporate governance and recovery planning practices and the proposal's requirements, then submit structured comments through the CMF's Regulations Under Consultation portal before June 10, 2026.
What changed
CMF has extended the public consultation deadline for its bank governance and recovery planning regulatory proposal. The new comment deadline is June 10, 2026. This follows an industry request acknowledging the regulation's complexity and potential impact, providing stakeholders additional time to prepare substantive feedback.
Chilean banks and financial institutions subject to CMF oversight should review the full proposal and Regulatory Report before the new June 10 deadline. Firms with existing governance frameworks or recovery plans in place should assess how the proposal's requirements may compare and prepare comments addressing any operational or compliance concerns.
What to do next
- Submit comments or observations by June 10, 2026 through the Regulations Under Consultation section of the CMF website
Archived snapshot
Apr 21, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
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CMF extends public consultation timeframe for regulatory proposal on corporate governance, recovery planning for banks
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April 17, 2026 - The Financial Market Commission (CMF) extended the timeframe of the public consultation for the regulatory proposal that adjusts banks' management assessments: corporate governance and implementation of recovery planning.
The new timeframe to submit comments or observations runs until June 10, 2026. The decision acknowledges a request filed by the industry given the regulation's complexity and potential impact.
Feedback must be submitted through the Regulations Under Consultation section of the CMF website, which contains the proposal's full text along with its Regulatory Report.
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