Revisión de la jurisprudencia administrativa de la Superintendencia de Valores y Seguros en relación a la oferta pública y privada de valores en Chile

摘要

This article presents an overview of administrative interpretations of the Chilean Superintendence of Securities and Insurance related to the meaning of «public/private offering» of securities, according to Law No. 18,045, Securities Market Law. In addition, it makes some brief comments to the safe harbor regime in Chile. The purpose of this paper is to clarify some basic concepts for the application and interpretation of theChilean Securities Market Law.