The Competition Tribunal declared that the merger of AFP Santa María and AFP Bansander does not contravene free competition laws contained in Decree Law N° 211, as long as the firm complies strictly with three conditions, destined to mitigate foreseeable abuses in commission charges and to facilitate entry and operation of new AFPs.
The Tribunal also entrusted Superintendencia de AFP with looking over the effective compliance of free competition norms in the tender processes through which AFPs hire the Disability and Survival Insurance for their affiliates.