Regulatory

Law 21,772 reforms Chile's notarial and registry system: the changes already in effect

Law No. 21,772 took effect on April 2, 2026 and requires notaries and conservators to implement public digital repositories, submit to SERNAC oversight in public service matters, and operate under regulated maximum fees. This alert focuses on the immediate operational changes, pending implementation deadlines, and practical implications for companies relying on notarial and registry services.

CMF imposes disclosure duty on financial entities providing Fintec services without Registry enrollment

NCG No. 559, published on February 9, 2026, adds a disclosure obligation for CMF-supervised entities that wish to offer Fintec-regulated services under Article 5 of Law 21,521 without enrolling in the Registry; they must notify the CMF via CMF Supervisa before starting operations, with no prior authorization required, and must comply by April 30, 2026, if already operating. Banks, however, cannot provide services under Article 5(7) until the CMF issues specific regulations, which opens opportunities for non-bank entities that meet the notification requirement.

Law 21,797 tightens driving fitness requirements and creates a one-month job protection period for death of a child, spouse, or civil partner

Law No. 21,797, published on February 7, 2026, amends the Traffic Law, mandatory vehicle insurance (SOAP), and Article 66 of the Labor Code. It mandates a sworn health declaration for driver's license applicants, standardizes physical and psychological assessments, classifies false declarations as infractions with license cancellation, doubles SOAP coverage, reduces the death benefit payment period to 7 days, and creates a one-month job protection period (fuero) for workers who suffer the death of a child, spouse, or civil partner.