March 27th / 2024 On March 5, 2024, the Colombian Ministry of Finance and Public Credit issued the Decree 0265 of 2024 (the “Decree”), by which it makes a series of regulatory amendments to Decree 2555 of 2010 (the “Decree 2555”) in relation to...
January 18th/2024. Colombia’s Central Bank (in Spanish Banco de la República) reorganized the structure and content of the exchange declarations and international loan reports reported through the Exchange Information System under the amendments to External Regulatory...
December 4th/2023. On November 27, 2023, Colombian Central Bank, through bulletin No. 45 amended Regulatory Circular DCIP-83, extending the term for transmitting the monthly reports of compensation accounts for the periods of October and November 2023, as follows:...
October 3rd/2023. At the end of August, the Superintendency of Finance (SFC) published for comments a draft circular that temporarily modifies Chapter XXXI SIAR of the Basic Accounting and Financial Circular (CBCF as per its acronym in Spanish). The current...
October 3rd/2023. On August 29th, the Financial Regulation Unit (URF) published an updated version of the Regulatory Agenda 2023-2024. This version, like the original, is divided into four main areas: financial inclusion, financing mechanisms, prudential standards,...
October 3rd/2023. On August 29, 2023, the URF published a draft of decree that aims to adapt the regulatory order related to insurance for the application of the accounting standard IFRS 17 “insurance contracts” accounting standard, which establishes the...
