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CMF sanctions Invercap S.A. for breaching ongoing information duties

April 26, 2024 - The Board of the Financial Market Commission (CMF) censured Invercap S.A. for breaching ongoing information duties.

Per Exempt Resolution No. 3,453 of April 15, 2024, and pursuant to General Rule No. 30 and Circular Letter No. 1,924, securities issuers must present their quarterly financial statements as of March and September to the Commission 60 days after the quarter closes. Annual financial statements are to be submitted 90 days after the fiscal year closes. On both cases, information must be submitted in PDF and XBRL formats through the SEIL module on the CMF website.

According to the Exempt Resolution, Invercap S.A. submitted its XBRL files as of September 2021; March, September, and December of 2022; and March 2023 with a delay of one to seven days. When determining the sanction, however, the company's financial statements in PDF format were sent in a timely manner, so it did not affect the information already available on the market.

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