Glossary · Chile
CMF (Comisión para el Mercado Financiero)
Definition
Chile's financial-markets regulator, governing public markets and licensed intermediaries. Private share transfers are contractual matters settled between the parties and the company's registry, outside the CMF's direct purview.
Why it matters for a secondary
As elsewhere in the region, a Chilean secondary is priced and negotiated privately — the CMF's role is limited to the public-market edge of the system.
Frequently asked questions
Does this term apply the same way everywhere in Latin America?
No. Each country in this glossary has its own regulator, corporate forms, and tax rules — this term is specific to the country tagged above. Check the linked country page for the fuller picture.
Is this legal or tax advice?
No. This is orientation for investors and allocators, not legal or tax advice. Confirm current rules with a licensed adviser in the relevant country before acting on anything here.