The Central Bank of Chile (Banco Centralde Chile, BCCh) and Chile’s Ministry of Finance, requestedthe World Bank to undertake a stand-alone Review ofStandards and Codes (ROSC) module of the Principles forFinancial Market Infrastructures (PFMI) of the Committee onPayments and Market Infrastructures (CPMI) and theInternational Organization of Securities Commission (IOSCO).A total of five financial market infrastructures (FMIs) wereassessed as part of this ROSC, although one of theseoperates both as a central counterparty (CCP) and as asecurities settlement system (SSS) for different segments ofthe exchange-traded securities market, and as a result atotal of six FMI assessments were produced by the team. Inaddition, the Responsibilities of Authorities for FMIs wereassessed. Other sources of information included theapplicable laws and regulations, as well as each FMI’s mainpolicies and internal documents (e.g. detailed policies, andprocesses and procedures for certain key areas) which wereshared by the FMIs with the assessors, and other informationavailable at each FMI’s website (e.g. statistics). The WorldBank Group (WBG) and local teams also met with a number ofusers of these FMIs, including two large commercial banksand two brokers-dealers that are not part of local bank-leadconglomerates. This assessment report covers theResponsibilities of central banks, market regulators, andother relevant authorities for the above-mentioned financialmarket infrastructures. In addition, it has the detailedassessment report of Depósito Central de Valores S.A. (DCV).