CMF (Comisión para el Mercado Financiero)
Chile's unified financial regulator, supervising banks, insurers, and fintech lenders under one roof.
The Comisión para el Mercado Financiero (CMF) is Chile's single financial-market regulator, created under Ley 21.000 and beginning operations on 14 December 2017 as successor to the former securities and insurance regulator (Superintendencia de Valores y Seguros). On 1 June 2019, under Ley 21.130, it also absorbed the former banking regulator (Superintendencia de Bancos e Instituciones Financieras), consolidating supervision of more than 70% of Chile's regulated financial assets into one agency.
For the fast-loan sector, the CMF sets and enforces disclosure rules including the CAE calculation methodology, and — through Chile's Ley Fintec — maintains the registry fintech lending-adjacent platforms must join. A legitimate Chilean lender should be able to point to its CMF registration or explain which regulatory framework it operates under; refusal to do so is a clear warning sign.