The Securities Act of Chile prohibits insider trading and the misuse of privileged information. It states that all people who have access to privileged information, resulting from their office, position, activity or relationship, must keep it confidential and may not use it for their own benefit or that of a third party. Nor may they acquire securities for themselves or for a third party, directly or indirectly, based on such privileged information. Tipping privileged information is also prohibited, and those who handle privileged information have the obligation to control and supervise that their employees and related third parties abide by this rule.
August 31, 2000