October 11th/2023. In order to keep you updated on the regulations applicable to Foreign Non-Profit Entities with permanent businesses in Colombia, we inform you that on October 4, 2023, the Superintendence of Companies issued the External Circular No. 100-000004, by...
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...
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...
