As of September 25, External Resolution No. 24 of 2020, issued by the Board of Directors of the Colombian Central Bank (CB), modifies External Resolution No. 1 of 2018 (Resolution 1) in the following aspects:1. The CB may carry out spot or term purchases or sales of...
Through Presidential Directive No. 8 of September 9, 2020 (the “Directive”), the Colombian President amended the Presidential Directive 10 of November 7, 2013 (the “Directive 10”), establishing a guideline that shall be applied by all the public entities...
On September 14, the Decree 1235 of 2020 was issued, modifying the rules applicable to the Stock Brokers’ guarantee funds that serve as collateral for the operations that these entities celebrate on behalf of their clients. Among the most significant changes we...
According to the provisions of the National Development Plan 2018 – 2022, which set forth the possibility of creating companies dedicated to implementing innovative technological developments and obtaining a certificate to operate temporarily in order to carry out...
Through Decree 1174 of 2020, the Government regulated the access and operation of the Social Protection Floor (“PPS”[1]) included in Article 193 of Law 1955 of 2019 (National Development Plan 2018-2022). The main developments are included below. Social...