Chile Pension Divestment Schedule Extended

Chile’s pension regulator has extended the period in which pension Funds may divest excess local equity investments, according to an announcement on the agency’s website. Excess investment is defined as a more than 65% stake in a company. The Superintendencia de Pensiones (SAFP) extended the period to twelve months, up from six months. An association of pension funds had requested that the period be extended for up to 3 years.