ARTICLE · 10 SEPTEMBER 1998
Changes To Portfolio Investments In Colombia
CHANGES TO PORTFOLIO INVESTMENTS IN COLOMBIA
Prepared By Ricardo Fandino and Paula Samper
The Superintendency of Securities issued Resolution 0505 of August 5, 1998, by means of which it modified the applicable legal regime for the foreign capital investment funds by way of expanding the frame of investments permitted to such funds. Resolution 0505/98 authorized foreign capital investment funds to invest in securities issued as a result of a securitization process and at the same time to invest in securities issued by investment funds, and by funds administered by management investment entities, securities funds managed by broker dealers, and funds managed by trust companies, provided such securities are registered before the National registry of Securities and Intermediaries and are transacted through the stock exchange.
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