March 31st, 2017. – The Superintendence for Securities and Insurance (SVS), the National Banking and Securities Commission of Mexico (CNBV), the Financial Superintendence of Colombia and the Superintendence of Securities Market (Peru) held meetings in Santiago and Puerto Varas -Chile-, between March 29th and 31st, within the VIII Supervisors’ Meeting of the countries that are part of the Pacific Alliance.

The supervisors of the 4 countries agreed to determine a road map to implementation of the funds passport, in order for them to be distributed within the four markets, upon their authorization by one of the supervisors.

During the meeting, attended by key market players, experiences on the principal benefits and challenges of investing in the Pacific Alliance, were shared.

Matters relating to investor protection, Corporate Governance standards, as well as those benefits and difficulties identified in this integration process, were addressed.

The regulators communicated the mechanisms their relevant legal frameworks provide in order to issue, place, and market foreign instruments in the markets under their supervision.

In addition, the challenges of recognition of the mutual fund registrations in countries of the Pacific Alliance, and progress in the alternative financing schemes, were discussed.

The delegation of each country was lead by the Superintendent of Securities and Insurance of Chile, Carlos Pavez; the President of the National Banking and Securities Commission of Mexico, Jaime González; the Deputy Superintendent of the Superintendence of Colombia, Juan Carlos Alfaro; and by the Deputy Superintendent for Research and Development of the Superintendence of the Securities Market of Peru, Carlos Rivero.

Representatives of Chile’s Depósito Central de Valores, the Santiago Stock Exchange, the Mutual Fund industry, the Investment Fund industry, World Bank, Ministry of Finance of Chile, Peru and Colombia, stockbrokers, Pension Fund Administrators, among other financial market players attended the activity, sharing experiences and expectations for the development of the Financial Integration within the Pacific Alliance.

The VIII Supervisors’ Meeting of the Pacific Alliance was sponsored by the Inter-America Development Bank (BID) and by the Development Bank of Latin America (CAF).

Depósito Central de Valores; Depósito de Valores S.A.