News Alerts

New rules allow investment by Pension Funds and Unemployment Funds in alternative assets

November 10, 2017

On October 25, 2017, the Chilean Pensions Superintendence (“SP“) published the final rules amending the Investment Regimes allowing the investment in alternative assets by the Pension Funds and Unemployment Funds (collectively, the “Funds“), system that came into force on November 1, 2017.

The goal of the reform is to achieve greater diversification of investments, increase the universe of long-term investments and permit direct investment in a greater class of assets, in order to improve the profitability of Funds.

These rules were submitted to two consultation periods (between June 22 and July 21, and between August 22 and 29, 2017), in which comments and feedback were received from 34 market agents, experts and public entities. To learn more about this, you can read our previous news alerts published in July and August.

To access the full text of the rules issued by the SP, see the links below

http://www.spensiones.cl/portal/prensa/579/articles-12676_recurso_2.pdf
http://www.spensiones.cl/portal/prensa/579/articles-12676_recurso_3.pdf

If you have any questions regarding the matters discussed in this memorandum, please contact the following attorneys or call your regular Carey contact.

Francisco Ugarte
Partner
+56 2 2928 2201
fugarte@carey.cl

Jorge Ugarte
Partner
+56 2 2928 2201
jugarte@carey.cl

 


This memorandum is provided by Carey y Cía. Ltda. for educational and informational purposes only and is not intended and should not be construed as legal advice.

Carey y Cía. Ltda.
Isidora Goyenechea 2800, 43rd Floor.
Las Condes, Santiago, Chile.
www.carey.cl

Subscribe to news alerts


© 2018 Carey   |    Disclaimer    |    Privacy and Cookie Policies

Created by Carey´s Communications and Design Department, Santiago, Chile