NewsFlash: 383

Forex, Derivatives and Structured Finance 

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The deadlines for the transmission of the F15 form “Net worth re-conciliation – companies and branch offices of the general regime” for the update of foreign investments in Colombian companies, have changed:  

The External Regulation DCIN-83 of 2011 of the Central Bank, establishes the foreign exchange regime applicable to any companies in Colombia that either receive foreign investments or invest internationally. All companies that up to December 31st of each year, have foreign investments registered in the Central Bank, including Colombian branches of companies that belong to the general regime (not belonging to the hydrocarbon and mining sectors), are required to update the foreign investment information before the Central Bank. This information relates to the composition of capital of the company and certain data about its assets. 

Such information must be transmitted by form F15. It should be uploaded to the Foreign Exchange section, in the Central Bank’s web page. 

On a bulletin issued on April 13th 2017, the Central Bank established the deadlines to upload the F15 form, which are as following: 

• For Colombian companies that receive foreign investments and which have as their last NIT number an even one, the deadline will be July 15. 

• For Colombian companies that receive foreign investments and which have as their last NIT number an odd one, the deadline will be August 15.  

The same deadlines are applicable to Colombian companies that have their stocks registered in any given stock market, and receive foreign investments. These companies must upload a “Patrimonial Conciliation – Companies with stocks registered in a stock market,” form.  

The deadlines to present the F13 forms, which apply to the branches of companies belonging to the special foreign exchange regime (hydrocarbon and mining sectors), have not been modified. 

All forms mentioned above, must be uploaded to the Central Bank’s web page during business days, from 7:00 am through to 8:00pm. As many forms as needed may be transferred.

If the deadline to upload the information happens to be on a non-business day, it may be transmitted to the Central Bank the following business day. 

The oversight of the obligations mentioned above will result in reports from the Central Bank to the competent Colombian authorities, which may then apply the corresponding sanctions. 

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