Fixed Income 
Equity 
Money Market 
Digital Issuance 
Digital Financial Asset 
Sharehareholders' or Investors' Meetings 
Dividend Payments 
Corporate and/or Debt Restructuring 
Other Corporate Actions 
Special Pledge 
Electronic Pledge Registry Service (REP) 
Notarial Pledges 
Mining Guarantees 
Judicial Attachments and Court-Ordered Measures 
Forward Contracts Requirements 
Responsible Tax Agent 
Tax Statements 
Captable 
Custody of Financial Instruments 
Regulatory Framework 
Corporate Policies 
List of Circulars 
Regulatory Compliance 
Crime Prevention 
IOSCO Principles 
Operational Risk 
Business Continuity 
Information Security 
Board Meeting Minutes 
Annual Reports 
Financial Statements and Notes 
Bylaws 
Fee Structure Study 
Service Fees 
Who We Are 
Sustainability at DCV 
DCV Shareholders
Meet Our Board of Directors
Board Committees
Members
President:
Sergio Concha Munilla
Directors:
Marcelo Mosso Gómez, Arturo Concha Ureta, Andrés Merino Cangas.
DCV Executive Team:
Rodrigo Roblero Arriagada, Jaime Fernández Morandé, Manuel Widow Lira.
Secretary:
Macarena Larraguibel Arroyo.
Substitute:
Nicolás Mora
Purpose:
It oversees the work of the Internal Audit function. It analyzes the external auditors’ reports and the financial statements to report to the Board of Directors, and it reports on related-party transactions, conflicts of interest, and suspicious acts, conduct, and fraud. Finally, it determines whether to conduct special audits.
Members:
President:
Guillermo Tagle Quiroz
Directors:
Arturo Concha Ureta, Sergio Concha Munilla, Andrés Merino Cangas
DCV Executive Team:
Rodrigo Roblero Arriagada, Sandra Valenzuela Nievas
Secretary:
Macarena Larraguibel
Substitute:
Nicolás Mora
Purpose:
To define and approve personnel compensation and benefits policies, as well as other human resources management practices.
Members
President:
Juan Pablo Córdoba
Directors:
Cristián Rodríguez Allendes, Marcelo Moso Gómez, Miguel Mata Huerta
DCV Executive Team:
Rodrigo Roblero Arriagada, Guillermo Toro Méndez, Manuel Widow Lira, Claudio Herrera Calderón
Secretary:
Macarena Larraguibel
Substitute:
Nicolás Mora
Purpose:
To define, analyze, and propose to the Board of Directors the medium- and long-term technological vision, all initiatives aimed at technological improvement, the priorities and resource allocations for the various projects, and any other technological or process-related initiatives proposed for implementation.
Members
President:
Miguel Mata Huerta
Directors:
Juan Pablo Córdoba, Cesar Soto Cavieres, Cristian Rodríguez Allendes
DCV Executive Team:
Rodrigo Roblero Arriagada, Guillermo Toro Mendez, Marcela Aguirre Peñailillo
Secretary:
Macarena Larraguibel
Substitute:
Nicolás Mora
Purpose:
Assists the Board of Directors in fulfilling its oversight responsibilities regarding risk management. Provides support for decisions related to risk management within the organization. Monitors the resolutions adopted by the Board of Directors regarding the Company’s risk policy and management, as well as compliance with the crime prevention model and the laws and regulations applicable to DCV.
Members
President:
Andrés Merino Cangas
Directors:
Arturo Concha Ureta, Cesar Soto Cavieres, Juan Andrés Camus
DCV Executive Team:
Rodrigo Roblero Arriagada, Claudio Garín Palma y Javier Jara Traub
Secretary:
Macarena Larraguibel
Substitute
Nicolás Mora
Purpose:
It identifies, analyzes, and proposes relevant business initiatives to the Board of Directors, such as changes to current services, service rates, and any other strategic initiatives deemed appropriate to pursue.
Executive Team
Supervisory Committee
The Supervisory Committee originates from Law 18,876, which regulates the Central Securities Depository (DCV) and establishes, among other matters, that the Ordinary Meeting of Depositors shall “appoint an oversight committee composed of five representatives of the depositors.” This committee may, in turn, hire professionals to conduct inspections and verification activities related to the company’s operations. It must report in detail to the annual meeting of depositors on these engagements and the amount of compensation paid to them.
The following are some of the supervisory powers granted to the Supervisory Committee by said law:
- To verify that custody, clearing, settlement, and transfer operations are carried out completely and in a timely manner.
- To conduct quarterly cash audits of the company and verify the accuracy and reconciliation of depositor accounts.
- To ensure that the information provided is sufficient, accurate, and timely.
- To verify the quality of facilities and security systems, as well as the adequacy and number of existing guarantees and insurance coverage.
From March 2026 until the next Shareholders’ Meeting — to be held in March 2027 — the Supervisory Committee is composed of the following members:
Chair: Hugo De La Carrera Prett
Vice Chair: Oscar Mehech Castellón
Secretary: Américo Becerra Morales
Member: Victoria Martínez Ocamica
Member: José Miguel Valdés Lira
- Four audits and verification of the accuracy and balance of depositor accounts.
- Assessment of the company’s Internal Control Environment and Technological Risk, with an emphasis on Business Continuity.
- Conduct a special review of operational risk and/or cybersecurity at the DCV.
- Other activities required by the Committee.
All of the above, plus the expenses corresponding to Committee members per diems and administrative and financial support, result in a total budget for 2026 of 7,672.00 UF, minus the effective surplus of 1.614.42 UF. The amount to be financed with depositor fees during 2026 amounts to 6,057.58 UF.
The fees to finance the Committee’s activities will be collected annually in April 2026.
The Supervisory Committee’s recommendation to the Shareholders’ Meeting regarding the contributions that Depositors must pay to finance the Committee’s activities — and the method for determining them — was to maintain the payment formula used over the past twenty years. This formula consists of distributing 70% as a fixed fee for all Depositors, with the remaining 30% allocated proportionally based on the amounts paid by each Depositor to the DCV during the semester prior to the contribution for custody services (Fixed Income, plus Financial Intermediation and Equities). This payment shall be made in a single installment in April, coordinated with DCV’s invoicing cycle.
As part of its duties, the Supervisory Committee addresses any irregularities that may arise in the operations of the Central Securities Depository (DCV) and that could affect the Depositors. For this item, a special procedure is outlined in Chapter 3.2.4 of DCV’s Internal Regulations. The procedure involves, in summary, the following steps:
- The claim must be submitted in writing to the Chair of the Committee within 10 days of the event in question. For this purpose, the Chair’s address is: Apoquindo 4001, floor 12, Santiago.
- The Committee must notify the affected party in writing of the claim, so that they may present their response within 10 days of receiving the notice.
- The Committee has 15 days to resolve the matter. The decision must be reasoned and approved by at least 3 members of the Committee.
