Banco de Chile Approves New Related Party Transactions Policy
Ticker: BCH · Form: 6-K · Filed: Aug 28, 2024 · CIK: 1161125
| Field | Detail |
|---|---|
| Company | Bank Of Chile (BCH) |
| Form Type | 6-K |
| Filed Date | Aug 28, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, regulatory-compliance, related-party-transactions
TL;DR
Banco de Chile board OK'd a new policy for related party deals, following Chilean regs.
AI Summary
On August 28, 2024, Banco de Chile's Board of Directors approved a new Customary Transactions Policy with Related Parties. This policy aligns with Chilean Law 18,046 and Financial Market Commission Rule No. 501, governing transactions between the company and its related parties.
Why It Matters
This policy update is crucial for ensuring transparency and compliance in transactions involving related parties, which can impact investor confidence and regulatory scrutiny.
Risk Assessment
Risk Level: low — The filing concerns a routine policy update related to corporate governance and regulatory compliance, with no immediate financial impact indicated.
Key Players & Entities
- Banco de Chile (company) — Registrant
- Solange Berstein Jáuregui (person) — President of Financial Market Commission
- Law 18,046 (legal_document) — Governing law for related party transactions
- General Rule No. 501 (legal_document) — Financial Market Commission rule for related party transactions
FAQ
What is the primary purpose of the new policy approved by Banco de Chile?
The primary purpose is to establish a framework for Customary Transactions with Related Parties in accordance with Chilean law and Financial Market Commission rules.
When was the new policy approved?
The new policy was approved by the Board of Directors on August 28, 2024.
What specific Chilean laws and regulations does the new policy adhere to?
The policy adheres to letter b) of Article 147 of Law 18,046 and Title I of the General Rule No. 501 of the Financial Market Commission.
Who is mentioned as the President of the Financial Market Commission?
Mrs. Solange Berstein Jáuregui is mentioned as the President of the Financial Market Commission.
What is the English translation of the policy's name?
The English translation of the policy's name is 'Customary Transactions Policy with Related Parties'.
Filing Stats: 364 words · 1 min read · ~1 pages · Grade level 14.6 · Accepted 2024-08-28 16:22:56
Filing Documents
- ea021272201-6k_bankofchile.htm (6-K) — 11KB
- 0001213900-24-073372.txt ( ) — 12KB
From the Filing
REPORT FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of August, 2024 Commission File Number 001-15266 BANK OF CHILE (Translation of registrant’s name into English) Ahumada 251 Santiago, Chile (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F Form 40-F BANCO DE CHILE REPORT ON FORM 6-K Attached is an English translation of a letter filed by Banco de Chile with the Chilean Financial Market Commission and local stock exchanges, informing as Material Information that the Board of Directors of Banco de Chile in meeting held today has approved a new Customary Transactions Policy with Related Parties (“ Política de Operaciones Habituales ”) in accordance with the rules set out in letter b) of Article 147 of Law 18,046 and Title I of the General Rule No. 501 of the Financial Market Commission. Santiago, August 28, 2024 Mrs. Solange Berstein Jáuregui President Financial Market Commission Present Ref: MATERIAL INFORMATION Mrs. President: Pursuant to Articles 9 and 10 of Law No. 18,045 and letter b) of Article 147 of Law No. 18,046 on Corporations, I disclose as Material Information that by resolution adopted by the Board of Directors of Banco de Chile in meeting held today August 28, 2024, it has been approved a new Customary Transactions Policy with Related Parties (“ Política de Operaciones Habituales ”) in accordance with letter b) of Article 147 above mentioned and Title I of the General Rule No. 501 of the Financial Market Commission. This new Customary Transactions Policy with Related Parties will be available to any interested person and the general public in our corporate offices and on the website www.bancochile.cl, “Our Bank/Corporate Governance” section. Sincerely, Eduardo Ebensperger Orrego CEO SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: August 28, 2024 Banco de Chile /s/ Eduardo Ebensperger Orrego By: Eduardo Ebensperger Orrego CEO