June 28th/2024. The Ministry of Environment and Sustainable Development ("MADS" as per its acronym in Spanish) has issued the resolution project (the "Project") aimed to regulate Law 2173 of 2021, which promotes ecological restoration through tree planting and forest...
May 29th/2024. At the Andean region, the harmonization of cosmetic labeling has been evolving, bringing with it new requirements that become day-to-day changes and challenges for manufacturers, importers and those responsible for the marketing of cosmetic products....
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:...
November 30th/2023. The Superintendency of Industry and Commerce (SIC), through resolutions No. 72982 of November 21, 2023 and No. 74254 of November 28, 2023, suspended the terms in the jurisdictional processes of Consumer Protection, Infringement of Industrial...
October 24th/2023. Through Resolution 40622 dated October 17, 2023 (hereinafter the "Resolution"), the Ministry of Mines and Energy (referred to as the " MME") revoked the articles of Resolution 181495 of 2009 regarding the temporary suspension and abandonment of...
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 principles...
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" accounting standard...
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...
