Decree 415 of 2018 modifies the capital requirements of some financial institutions
Colombia -
Banking and Finance Colombia Alert 1-2018
The Colombian government issued Decree 415 of March 2 of 2018 which modifies the capital requirements applicable to trust companies, managers of pension and severance funds, stock brokerage companies, investment management companies and insurance companies.
To review the decree, click on the following link.
The decree provides a transitional regime of 9 months until December 2018, to implement the adjustments required by the decree.
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