Recital 13

(13)Law No 21.000 ⁴ of 2017 establishes the CMF and sets out its functions and powers. The CMF, as the supervisor of CCPs, monitors CCPs in Chile to ensure compliance on an ongoing basis with the primary rules and with the CCPs internal rules and procedures. The CMF has comprehensive powers to control and penalise an authorised CCP, including, inter alia, the power to request information and data, conduct on-site and off-site inspections and request an authorised CCP to make corrections, issue orders and instructions, address the Prosecutor if the CMF learns any facts which could relate to a criminal offense, impose penalties on the CCP, fine the directors and managers, suspend the operations of a CCP or withdraw the CCP’s authorisation. Moreover, CCPs have to make a self-assessment of their compliance with the PFMIs and deliver a report thereon to the CMF, which is published. In general, in accordance with Art. 5 of Law No 21.000, the CMF has the power to adopt the preventive and corrective measures provided for by the law which are deemed necessary for pursuing its objectives