CHILEAN CENTRAL BANK ISSUES NEW CHAPTER OF ITS FINANCIAL COMPENDIUM REGARDING THE ACKNOWLEDGEMENT AND REGULATION OF BILATERAL DERIVATIVES.
On April 5, the Central Bank of Chile, (“Central Bank“), through Board Agreement No. 2143-02-180405, approved new rules (the “Rules“) applicable to the acknowledgement and regulation of master agreements for bilateral derivatives (the “Agreements“), thereby incorporating a new Chapter III.D.2 to its Financial Compendium.
Regarding the foregoing, in October 2017, the Central Bank started a public consultation process concerning its proposed rules for bilateral derivatives. In order to improve the proposed rules, some of the comments received were included therein.