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...
September 27th/2023. We are pleased to inform you about the partial amendment of External Regulatory Circular DCIP-83, issued by the Banco de la República on September 12, 2023. Changes: Amendment of Effective Date: The effective date of External Regulatory...
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...
