As you know, during the second semester 2015, Depósito Central de Valores released the REP service that allows participants to electronically perform the creation and redemption of pledges for securities held in custody, thus replacing the notarial notice with the subsequent saving of cost and time.

To assure the State of Chile thorough and expedient compliance of mine site and facilities closure, the Law 20.551 that regulates these processes provides that the companies of the sector shall create guarantees that ensure performance of their obligations.

The government’s decision to send a draft bill to Congress with measures aimed to boost productivity, including that of the capital market, is on the right track. It is important to promote policy changes that aim at increasing competitiveness and enabling the establishment and development of services aligned with international standards.

DCV Registros achieved a satisfactory assessment of the shareholders’ meeting management process, particularly relating to the peak meetings period occurring in April each year, expiration date of the legal period for stock corporations to perform this activity.

Central Securities Depository participated in the annual meeting of ACSDA organized by the Caja de Valores S.A. (CVSA) and Stock Market of Buenos Aires S.A. (Merval) of Argentina. This is the second time that this event is held in the city of Buenos Aires, it is having previously organized in March 2004.

Worldwide, ANNA is the association that seeks the global adoption of common identification standards according to ISO 6166 with the purpose of making the financial world more efficient and secure. To meet this purpose, ANNA designates national numbering agencies in each country and, in the case of Chile, Depósito Central de Valores is the national numbering agency.