November 12, 2020

Infrastructure as a mechanism to revive the economy

We shared a presentation on the importance of infrastructure projects en the economy. Read.
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November 4, 2020

Public policy for further development of the financial system and the capital market 2020-2025

The Public Policy for the Further Development of the Financial System and the Capital Market 2020-2025 published on October 6, 2020 by the Ministry of Finance and Credit...
October 27, 2020

Marketing of foreign financial, reinsurance and securities market products

Brief description regarding Colombian legal framework to promote foreign financial, reinsurance and securities market products and/or services. Read
September 30, 2020

Green Bonds

The Financial Superintendence of Colombia issued External Circular Letter 028 of 2020 that includes aspects related to the information that must be presented en for the issuance of green bonds, and a...
September 15, 2020

Regulation of the Single National Registry of Entitieses

Learn about the modificationses provided by Decree 1008 of 2020 to the regulation of the Single National Registry of Entityes Libranza or Discount Operators. Read
September 7, 2020

Reverse mortgage and real estate annuity

We share a brief comparative analysis between the reverse mortgage and the real estate annuity. Read
August 27, 2020

Proposal to amend the definition of professional investor

In order to increase the investor en base of the stock market, the URF proposed the modification of the definition of professional investor. Read
July 14, 2020

Investment scheme private equity en funds

We share with you the modifications proposed by the URF to the investment regime of the AFPs, insurance companies and capitalization en companies related to private capital funds...
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July 10, 2020

Open Banking

This newsletter presents the advantages, challenges and development en of Open Banking in Colombia. Read
Petition to File For BankruptcyNews
June 30, 2020

Colombian special transitional measures in insolvency proceedings due to Covid-19

Brief description of the new Colombian special measures in insolvency proceedings established by Decree 560 of 2020. Also, Decree 772 was issued in respect of insolvency proceedings applicable to small...
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June 23, 2020

Regulatory Sandbox for Fintech

The URF published for comment the draft decree that regulates the regulatory sandbox of the Superintendencia Financiera de Colombia to allow the implementation of innovative en technological developments in the...
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June 23, 2020

New rules for the issue en of securities on the stock market

We agree with a brief summary of the changes proposed by the URF for issues en on the stock market. Read
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June 18, 2020

Covid-19 and operational risk

This bulletin presents an analysis of the impact that the situation generated by Covid-19 en has had on the management of operational risk in financial institutions. Read
April 29, 2020

Special en transitional measures in the field of insolvency proceedings

We share a document on Decree 560 of 2020, through which the Government created business recovery tools in order to face the economic crisis generated by the...
April 22, 2020

Decrees on the occasion of the Covid-19 that impact the financial sector

We share a document that consolidates all the decrees issued to date by the National Government to address the Covid-19 pandemic and that impact the financial sector. Read
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April 15, 2020

Mandatory investment for credit institutions

Decree 562 of 2020 created a new mandatory investment for credit establishments.
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April 8, 2020

Breach of obligations due to Covid-19

Guide on the legal figures that allow the allegation of failure to comply with obligations due to the consequences generated by the National Government's measures to counteract the Covid-19 pandemic.
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April 6, 2020

National Guarantee Fund creates "Unidos por Colombia" program

The National Guarantee Fund issued External Regulatory Circular 008 of 2020, creating the "United for Colombia" guarantee program to address the needs of the country's...
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April 1, 2020

SFC's instructions to Covid-19

We share a summary of the external circulars issued by the Superintendence of Finance of Colombia due to the contingency by Covid-19.
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March 27, 2020

Banco de la República lowers interest rates

In order to increase liquidity due to the Covid-19 contingency, the Board of Directors of Banco de la República reduced the interest rate to 3.75%.
February 2, 2020

Micro, Small & Medium Enterprises Bonds

Muñoz Aya asesoró a Micro, Small & Medium Enterprises Bonds (Luxemburgo) en la estructuración y negociación de un crédito a favor de Finsocial con el fin de generar un alto…
November 28, 2019

Circular Externa No. 20 de 2019

El 6 de septiembre del presente año la Superintendencia Financiera de Colombia expidió la Circular Externa No. 20 (la “Circular”), que imparte instrucciones relacionadas con el margen de solvencia y…
November 25, 2019

Limited Partnership Agreement Model

The Institutional Limited Partners Association(“ILPA”), published an LPA model for privateequity funds based on Principles 3.0 publishedby the same association in June of 2019 (the"Model"). The above, in order to align theinterests of general partners and investors.
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