On Jan. 31, CLB CB modified provisions to facilitate payment system.
CLB CB published Bulletin 05 about Resolution 3 to modify Resolution 5, of 2022.
Highlights
Resolution 3 rules OMA and liquidity operations to facilitate the payment system.
As well as the general regulations, provisions of private law, per Article 52 of Law 31.
CLB CB may establish, through general regulations, events, terms and conditions for voluntary early cancellation of monetary expansion repo agreements transactions.
OMA Placement Agents who fail to comply may lose their status or may be suspended.
Non-compliance with obligations arising from operations conducted by CLB CB with OMA Placement Agents will be subject to the financial and behavioral consequences.
Effectiveness
Resolution 3 shall come into force on Aug. 1, 2025.
Regulators
CLB CB
Entity Types
B/D; Bank; IA; Ins; Inv Co; Pension
Reference
Bul 05, Res 3, 1/31/2025
Functions
Compliance; Financial; Legal; Reporting
Countries
Colombia
Category
State
N/A
Products
Banking; Fund Mgt; Insurance; Payments; Pensions; Securities
