Thanks to the resolution on Foreign Securities issued by the SVS

-      The new resolution, which simplifies the foreign securities registration process in Chile, will help promote the integration of the Colombian, Peruvian, Mexican, and Chilean markets.

-    It will also allow the Chilean capital market to register two instruments that were pending: the Colombian ETF iCocap and the ETF MILA.

For the purpose of modernizing the local market and supporting of private integration initiatives, last October 7th the Chilean Superintendence of Securities and Insurance (SVS) issued the exempt resolution N° 246, which exempts the securities registered with the Colombian National Registry of Securities and Issuers, the Mexican National Securities Registry, and the Public Registry of the Peruvian Securities Market from registering with the SVS Foreign Securities Registry; as well as issuers considered reporting issuers under the Canadian law.

This facilitates the conditions so that the securities registered in countries belonging to MILA may be publicly traded in Chile by investors almost automatically, increasing the investment options in the local market and promoting the integration between the markets of these four countries.

As stated by the Director of MILA Operations Committee, Claudio Arciniega, initiatives such as that issued by the Chilean SVS, besides increasing the investment alternatives in that market, will permit the incorporation of new investment instruments, further encouraging the integration between the markets and generating new interest and added value to foreign investors.

Consequently, the resolution issued by the SVS will allow the registration in Chile of the ETF that tracks the performance of the SP MILA Andean 40 Index, which is listed to be traded in the Colombian Stock Exchange, the S&P Horizons MILA 40 Exchange Fund, index that tracks the most representative securities traded in MILA.

Similarly, the iShares COLCAP Exchange Fund will be registered, which tracks the Colombian blue-chip index, at the same time that the simplification of the registration process will ensure the complete availability of the Mexican securities at the moment of there beginning negotiation in MILA with this country already incorporated.

With this, the Chilean market may invest directly in important instruments such a Amércia Movil (AMX), Petróleos Mexicanos (PEMEX), Cementos Mexicanos (CEMEX) and Walmart, México and Central America (WALMEX), the most representative securities of the Aztec market.

The agreement was established by the SVS based on the cooperation agreement subscribed between the securities market regulators of Colombia, Mexico, Perú and Chile, by means of which the regulators of those countries pledged to make all the necessary arrangements, through different means, to keep all the public information that securities issuers under their supervision are compelled to disclose to the market.

The above represents a new milestone in the process of generating value in order to further encourage and consolidate the MILA market as investment hub in the region.