Colombia regulates the temporary transfer of securities and investments in participations issued by ETFs
Banking & Finance Colombia Alert
With the issuance of Decree 1351 of 2019, some provisions of Decree 2555 of 2010, were modified related to investments in participations issued by stock exchange funds, temporary transfer operations of securities in the counter market, and the disclosure of information in the securities market through electronic means, among others.
In order to promote the growth of security lending in the Colombian market, and to incorporate international best practices that facilitate the access and operability of investors, it became possible to carry out temporary transfer operations of securities on variable income securities in the counter market and the participation of securities custodians as transfer agents was facilitated.
The text of this Decree, which entered into force on July 26, 2019, and may be consulted at the following link.
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