Chile's CMF clarifies Orionx oversight

Chile's CMF clarified two recent cases involving firms tied to the financial ecosystem: Orionx is not under its supervision, and E-PANDA FINANCIERO SpA lacks authorization to operate under the Fintec Law. In both instances, the regulator urged people to check its institutional portal to see whether a company is registered before buying products or committing funds.

What did the CMF say about Orionx?

The CMF said Orionx is not registered or authorized by the regulator, and that it does not oversee the company's shutdown plan. According to The Clinic, the agency also asked the public to be cautious before interacting with that entity or its services.

Radio Agricultura also reported that Orionx SpA filed an application for registration under Fintec Law No. 21,521, but that request was rejected in an order dated June 19, 2026. The Defiant added that the CMF reiterated it has no authority to order refunds to customers, underscoring that the platform was not registered or authorized.

What did it decide regarding E-PANDA FINANCIERO SpA?

The CMF warned that E-PANDA FINANCIERO SpA does not have authorization to operate under the Fintec Law, according to Epicentro Chile. In the same message, the regulator reminded people to verify company registrations on the CMF portal before contracting services or committing funds.

The warning adds to recent communications from the agency about actors operating without registration or outside its supervision. In Orionx's case, the regulator made clear that it does not oversee the shutdown process or manage customer refunds.

What is the scope of these warnings?

The two statements reinforce that a company can offer financial or asset-related services without being authorized by the CMF, and that this limits the regulator's intervention. In Orionx's case, the authority made clear that it does not supervise the shutdown process or handle money returns.

At the same time, the reference to E-PANDA FINANCIERO SpA shows that checking the CMF portal in advance is not a formality, but the channel the agency requires to confirm whether a firm can operate under the Fintec Law. No other details were reported in the material about additional sanctions or related measures.