The Financial Superintendence of Colombia has issued a new Basic Financial Circular (CBF), created through an update and streamlining of the rules previously contained in the Basic Accounting and Financial Circular (CBCF), with the stated aim of making requirements easier to consult and supporting the internal processes of supervised entities. The CBF introduces a reorganised structure with paragraph-level numbering aligned to international best practice and is divided into four parts covering risk management, legal controls and prudential matters, financial information and reporting schemes, and other provisions. The clean-up was guided by criteria focused on removing unnecessary burdens, eliminating duplication, addressing obsolete instructions, improving clarity, and making technical updates, and it followed public consultation steps in which the authority reviewed more than 1,100 comments; the circular was published as External Circular 004 of 2026 and forms part of the authority’s broader “Normative Optimisation” programme, following a similar revision of the Basic Legal Circular (CBJ) published in June 2025.
Superintendencia Financiera de Colombia 2026-04-14
Financial Superintendence of Colombia publishes a new Basic Financial Circular replacing the Basic Accounting and Financial Circular
The Financial Superintendence of Colombia has issued a new Basic Financial Circular, consolidating requirements from the Basic Accounting and Financial Circular to ease consultation and support supervised entities’ internal processes. Published as External Circular 004 of 2026, it reorganises rules into four parts covering risk management, legal controls and prudential matters, financial information and reporting schemes, and other provisions, as part of the authority’s broader “Normative Optimisation” programme.