ANNOUNCEMENT 07 Oct 2010In October 2010, the government of Chile announced altered domestic business conditions for foreign investors.
NUMBER OF INTERVENTIONS
Circular Bancos No. 3.509 (in Spanish), http://www.sbif.cl/sbifweb/internet/archivos/norma_9617_1.pdf
UNCTAD report (in English), http://unctad.org/en/Docs/webdiaeia20112_en.pdf
On 7 October 2010, the Chilean banking regulator (Superintendencia de Bancos e Instituciones Financieras de Chile) published Circular No. 3.509 of 2010 allowing foreign-owned banks to carry advertisement activities, especially with regards to their credit conditions. Such activities were prohibited before.