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To anticipate future regulatory requirements, the professional services and consulting company EY and the FinTech Association of Chile (FinteChile) have joined forces to develop the "first map of the Chilean fintech".
The report, which provides information to the authority at the time of the legislation, as part of the recent announcement of the Financial Market Commission, aims to put in consultation the regulation of the financial technology industry starting this month until the end of the year.
The purpose of the legislation is to regulate collective financing arrangements, including capital (equity and equity interests in real estate, among others), debt (promissory notes and invoices, among others), investment advisors, appraisers credit quality and custodians, among others.
The purpose of this report is to provide information on the current situation of financial technology companies in the country, providing data on recent research in this market, which has emerged in the financial sector. It will be published during the first week of March.
"This study will be one of the key elements for the government and regulatory authorities to make the best decision regarding José Santodomingo, president of FinteChile.
For his part, Diego Pleszowski, principal partner of The financial industry of EY Latam South, badured that "knowing the situation of Chilean platforms will serve for the different sectors of the financial sector to understand in more detail this new player in the capital market. "
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