Until November 16th, 2025, the Financial Market Commission (“CMF”, for its initials in Spanish) will receive comments on the draft regulation concerning the mechanisms for submitting information on the identification and gender of directors of publicly traded and special corporations.
This is part of Law No. 21,757 (the “Law”), which established a mechanism to increase women’s participation on the boards of publicly traded and special corporations supervised by the CMF. The Law stipulates that individuals of the same gender may not exceed 60% of the total members of the boards of such entities.
It is worth clarifying that the first transitory article of the Law sets out a gradual compliance schedule for this percentage: during the first 3 years after it comes into effect (January 1st, 2026), the maximum representation per gender will be 80%; during the following 3 years it will be 70%; and starting from the seventh year, it will reach 60% (in 2032).
As of the Law’s effective date, January 1st, 2026, publicly traded and special corporations supervised by the CMF must report to the Commission the identification and gender of their board members.
Through this consultation process, the CMF expects entities to provide suggestions regarding how this information should be submitted. If approved, the submission would be made through a special module within CMF: Supervisa. In addition, the draft regulation proposes amendments to General Rule No. 30, specifically in the section concerning the contents of the Annual Report, in order to incorporate these new reporting obligations.
To submit comments on this proposal, visit the following link: Regulation under consultation – CMF