Chile: Data localisation provision in Banking Regulation 2409/Financial Regulation 798 Updated Compilation of Standards
Progress
Current status
adopted
01 Dec 2020 adopted
Scope
Implementers
Chile
Policy Area
Data governance
Policy Instrument
Data localisation requirement
Regulated Economic Activity
cross-cutting
Government Branch
executive
Government Body
central bank
Implementation Level
national
Timeline of events
Adoption of Banking Regulation 2409/Financial Regulation 798 Updated Compilation of Standards
On 1 December 2020, the Banking (2409)/Financial (798) Regulation, which includes an updated compilation of standards, was adopted. Article 5 of Chapter 20-7 states that services may only be outsourced to countries that have an investment grade coun…
SourceEvent type
order
Action type
adoption
Government branch
executive
Government body
central bank