2024-03-01 15:10:32
The Financial Market Commission (CMF) reported this Friday that its Council applied fines for a total of UF 1,040 ($38,339,600, approximately) -and also censorship sanctions- to eight Professional Sports Organizations (ODP).
This, because breached their continuous information duties established “in General Standard No. 201”.
The regulations provide that the ODP must submit to the Commission their annual financial information within the quarter following the closing date of the annual financial year and, likewise, their quarterly financial information within a period of thirty days counted from the closing date of the respective quarter. calendar
The sanctions fell on:
The CMF explained that the sanctions imposed considered the number of violations, the opportunity for their correction as well as those cases of violators with previous sanctions applied by the Commission.
Finally, he stressed the importance of sending the continuous information to which these entities that are constituted as Anonymous Societieswhich allows the Commission and the general public “to have information on the financial situation of such entities.”
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