The Financial Superintendence of Colombia reported progress on its strategic regulatory clean-up project to update the Circular Básica Jurídica (CBJ), indicating the process is entering its final stage after holding a final technical roundtable on 12 February to gather input from industry, academia and supervisory teams. The overhaul aims to remove obsolescence, duplication and unnecessary burdens from this core rulebook for the financial system, with the stated objective of improving regulatory clarity. After two rounds of comments that generated more than 3,500 suggestions, the authority carried out an internal assessment by supervisory experts and consolidated the revised CBJ content. The updated circular will also include a new digital access system intended to make the framework easier to consult and reference.
Superintendencia Financiera de Colombia 2025-02-13
Financial Superintendence of Colombia moves Basic Legal Circular overhaul toward completion and introduces digital access system
The Financial Superintendence of Colombia is finalizing its strategic regulatory clean-up project to update the Circular Básica Jurídica (CBJ), following a final technical roundtable on 12 February. The overhaul aims to eliminate obsolescence and duplication, enhance regulatory clarity, and introduce a new digital access system for easier consultation. Over 3,500 suggestions were reviewed, with input from industry, academia, and supervisory teams.