Navigating Chile registrations and ongoing fund governance for a global asset manager
The Client & Background
A globally recognised asset manager with a diversified, multi-asset platform sought to strengthen its international distribution strategy by expanding access to institutional investors in Latin America. With a strong global footprint and deep expertise in managing funds for pension schemes and institutional clients, the firm registered more than 10 UCITS sub-funds with the Chilean pension scheme authority (CCR).
For this asset manager, Chile represented not only a new market but also a critical opportunity to broaden its long-term investor base in a highly regulated and strategically important jurisdiction.
The Challenge: Cross-border registrations beyond the EU
Operating in Chile presented unique regulatory and operational hurdles:
- Non-EU regime requirements: A need for specialist knowledge of Chilean local laws and regulatory processes.
- Ongoing compliance obligations: Post the initial registrations, annual updates and continuous governance were critical.
- Practical barriers: Managing language differences, navigating a significant time zone gap, and coordinating across continents.
- Alignment with UCITS standards: Ensuring compliance while adapting processes to Chile’s distinct regulatory framework.
Together, these factors created a complex environment to navigate with high potential for delays, misinterpretation, and compliance gaps.
The Solution: Zeidler Group’s coordinated global approach
Zeidler Group acted as the central coordinator, managing the entire registration and governance process with efficiency and precision.
Key aspects of the solution included:
- Collaboration with Local Counsel: Zeidler Group partnered with trusted Chilean legal experts, ensuring that all local requirements were met while aligning with global standards.
- Comprehensive Documentation Management: Zeidler prepared all required documents for both the initial registrations and annual updates, leveraging information already available to Zeidler and minimising duplication of client effort.
- Streamlined Client Involvement: The client was only engaged when strategically necessary, reducing the time and resources demanded from their internal teams and, importantly, enabling the client’s teams to focus on broader strategic priorities while Zeidler’s regulatory team handled the operational details.
- Zeidler Platform: Providing 24/7 access to status updates, progress reports, and compliance documentation, ensuring full transparency across time zones and jurisdictions.
- Market Expertise: Zeidler’s longstanding practical experience with UCITS in Chile underpinned a smooth, efficient, and compliant process.
The Outcome: Efficient market access and ongoing compliance
Through Zeidler Group’s global expertise and structured approach, the client benefited from:
- Successful registration and ongoing governance of 10+ UCITS sub-funds in Chile.
- Reduced operational burden by outsourcing complex cross-border compliance requirements of a non-EU jurisdiction.
- Transparent oversight via Zeidler’s proprietary digital platform, accessible 24/7 despite time zone differences.
- Confidence in long-term market access, backed by Zeidler’s proven track record in Chile’s regulatory environment.
How Zeidler Group Helps Global Asset Managers Expand Internationally
By combining regulatory expertise, technology, and international coordination, Zeidler Group enables global asset managers to enter and thrive in complex markets.
For this asset manager, Zeidler’s work in Chile delivered more than regulatory compliance: it provided ongoing governance, transparent oversight, and a clear path to market expansion.
Through this partnership, Zeidler continues to support the client’s global distribution ambitions, enabling them to reach new investors and maintain the highest governance standards across jurisdictions.
For more information on how Zeidler Group can support your cross-border fund registrations, get in touch today.
