October 3rd/2023. On August 29, 2023, the URF published a draft of decree that amends Decree 2555 of 2010 in order to modify the regime of technical reserves of insurance companies to harmonize the regulations with the IFRS 17 “Insurance Contracts”...
October 3rd/2023. On August 24th, the URF published a draft decree for comments, in which it seeks to modify specific rules applicable to crowdfunding platforms. The regulatory proposal aims to facilitate access to financing for SMEs (Small and Medium-sized...
October 3rd/2023. On September 18, 2023, Colombian Central Bank shared a new version of the draft resolution and draft circular that will regulate the interoperability of the Immediate Low Value Payment Systems (SPBVI, as per its acronym in Spanish). This new version...
August 25th/2023. As announced by the Colombian Central Bank, as of October 4, 2023, the Exchange Statistical System (“SEC”, as per its acronym in Spanish) will cease to operate and will be replaced by the Exchange Information System (“SIC”, as...
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...
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...
