A new bill proposed by Cepanim and Cepadem in Chile seeks to limit the discount applied to certificates to a maximum of 10%. The initiative's proponent argues this measure is intended to reduce financial speculation surrounding these certificates. Currently, the discount percentage is unregulated, allowing for potentially exploitative practices. The proposed legislation aims to provide greater stability and fairness in the certificate market. Supporters believe restricting the discount will discourage purely speculative trading and encourage longer-term investment. This bill represents a move towards increased regulation of financial instruments within Chile. Further debate and legislative processes are required for the bill to become law.