Company: PAX
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025640
Chunk: 161

Company: Patria Investments Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 4
Chunk 161
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 on the manager of such funds.

Chilean Anti-Money Laundering Provisions

In 2003, Law No. 19,913 created the Financial Analysis Unit, the watchdog for money laundering and terrorist and other crimes financing. Under this law, a set of individuals in industries heavy on cash payments are required to report certain unusual transactions and keep records for at least five years, as well as appointing a compliance officer responsible for anti-money laundering.

In 2009, Law No. 20,393 established provisions to impose sanctions on legal entities in connection with money laundering, financing of terrorism, improper inducements and bribes among others.

Chilean Regulated Entities

Moneda S. A. Administradora General de Fondos is registered in Chile as an asset manager and investment advisor subject to the Chilean funds law (Law No. 20,712), the Chilean securities law (Law No. 18,045) and the Chilean corporations law (Law No. 18,046). It is subject to the oversight and control of the Financial Markets Commission (Comisión Para el Mercado Financiero) (“ CMF”), as well as the Financial Analysis Unit (Unidad de Análisis Financiero).

Moneda Corredores de Bolsa Limitada is registered in Chile as a broker dealer and investment advisor subject to the Chilean securities law. It is also subject to the oversight and control of the CMF.

Relevant Applicable Law to Securities Markets in Uruguay

Uruguayan Laws No. 16,696 and No. 18,627 and the Compilation of Rules of the Securities Market (Recopilación de Normas sobre el Mercado de Valores) (“ RNMV”), set out a legal framework governing the carrying on of securities management business activities and requires persons or entities conducting such activities to be licensed as “portfolio managers” by the Superintendence of Financial Services (the “ STS”), of the Central Bank of Uruguay (“ CBU” and together, the “ SFS/CBU”).

The RNMV provisions define the requirements for such licensed securities management business activities, and through the supervision, regulation and enforcement of SFS/CBU, provide that conduct is enforced through proper persons in compliance (and any related regulations and guidance notes), other applicable Uruguayan law and accepted supervisory standards for the conduct of such activities.

Licensing Requirements

Any Uruguayan company incorporated or registered in Uruguay which intends to conduct, in the course of business