TITLE: Colombia's Central Bank Issues Updated Procedures for Foreign Exchange Operations BODY: On February 26, 2026, the Banco de la República (Colombia's central bank) issued External Regulatory Circular DCIP-83, modifying procedures applicable to foreign exchange operations. The circular was published in Bulletin Number 5 of the Board of Directors and applies to the central bank's main office and branches, foreign exchange market intermediaries, and natural and legal persons conducting foreign exchange and international investment operations. The circular introduces significant changes to the Foreign Exchange Information System (Sistema de Información Cambiaria), which replaced the previous Statistical Foreign Exchange System. Key modifications include revised registration procedures for foreign exchange market intermediaries (Intermediarios del Mercado Cambiario), updated authentication requirements using the Citizens Authentication System (Sistema de Autenticación a la Ciudadanía – SAUC), and enhanced user management protocols. The circular establishes that intermediaries and the Ministry of Finance and Public Credit (Ministerio de Hacienda y Crédito Público) must maintain at least two active Administrator Users responsible for enabling or disabling Operator Users within the system. The regulation clarifies user obligations, including maintaining updated email addresses, implementing confidentiality controls, and obtaining prior authorization for handling personal dat ... (2119 chars total)

TITLE: Colombia's Central Bank Issues External Regulatory Circular on Foreign Exchange Operation Procedures BODY: On February 26, 2026, the Banco de la República (Colombia's central bank) issued External Regulatory Circular DCIP-83, which establishes procedures applicable to foreign exchange operations. The circular was published on February 27, 2026, in Bulletin 5 of 2026 of the Banco de la República's Board of Directors. The circular applies to the Banco de la República's main office and branches, foreign exchange market intermediaries, and natural and legal persons conducting foreign exchange operations and international investments. The regulation addresses procedural requirements for entities engaged in currency exchange and cross-border investment activities within Colombia's foreign exchange market framework. This circular forms part of the Banco de la República's regulatory framework governing foreign exchange transactions and represents the central bank's continued effort to establish clear operational standards for market participants. The regulation ensures consistency and compliance across all entities involved in foreign exchange operations, including both institutional intermediaries and individual market participants conducting international investment activities. The full text of Circular DCIP-83 is available on the Banco de la República's official website in Spanish. REFERENCE: Banco de la República. Circular Reglamentaria Externa DCIP-83 del 26 de febr ... (1619 chars total)