CHILE CONTENTS
6.7 Rules of Payment for Order Flow p.158 6.8 Market Integrity Principles p.158 7. High-Frequency and Algorithmic Trading p.158 7.1 Creation and Usage Regulations p.158 7.2 Requirement To Be Licensed or Registered as a Market Maker When Functioning in a Principal Capacity p.158
7.3 Regulatory Distinction Between Funds and Dealers p.159 7.4 Regulation of Programmers and Programming p.159 8. Insurtech p.159 8.1 Underwriting Processes p.159 8.2 Treatment of Different Types of Insurance p.159 9. Regtech p.159 9.1 Regulation of Regtech Providers p.159 9.2 Contractual Terms to Ensure Performance and Accuracy p.160 10. Blockchain p.160 10.1 Use of Blockchain in the Financial Services Industry p.160 10.2 Local Regulators’ Approach to Blockchain p.160 10.3 Classification of Blockchain Assets p.160 10.4 Regulation of “Issuers” of Blockchain Assets p.161 10.5 Regulation of Blockchain Asset Trading Platforms p.161 10.6 Staking p.162
10.7 Crypto-Related Lending p.162 10.8 Cryptocurrency Derivatives p.162 10.9 Decentralised Finance (DeFi) p.163 10.10 Regulation of Funds p.163 10.11 Virtual Currencies p.163 10.12 NFTs p.163 10.13 Stablecoins p.164 11. Open Banking p.164 11.1 Regulation of Open Banking p.164 11.2 Concerns Raised by Open Banking p.165 12. Fraud p.166 12.1 Elements of Fraud p.166
12.2 Areas of Regulatory Focus p.166 12.3 Responsibility for Losses p.166
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