Examples of Decree 2555 in a sentence
SFC) was created as a result of merging the Superintendencia Bancaria de Colombia and the Superintendencia de Valores (Decree 4327 of 2005, subsequently modified by Decree 2555 of 2010, Law 1480 of 2011, and Decree 710 of 2012).
Establish in the respective manuals and codes the guidelines and general policies according to which Banco Davivienda will carry out the activity of distribution of Collective Investment Funds and Voluntary Pension Funds in the terms established in Decree 2555 of 2010 and Basic Legal Circular of the Financial Superintendency of Colombia, or in the regulations that modify or replace the aforementioned.
The legal framework through which CRCC is regulated is composed by the Securities Market Law, the Decree 2555 of 2010 and the External Resolution No. 12, 2008 of the Board of Directors of the Central Bank, as well as its internal regulations, which develop and complement these regulations, made up of the Rulebook, the Consolidated Circular of CRCC and its Operating Instructions.
Based on the legal mandate, article 2.13.1.1.3 of Decree 2555 of 2010, as amended by Decree 032 of 2015, establishes the limits on shareholdings according to the type of entity, and establishes that the Financial Market Infrastructures may hold up to 100% of the shareholdings of a central counterparty risk chamber.
An offer of shares of Common Stock to employees will not be considered a public offer provided that it meets the conditions set forth in Article 6.1.1.1.1 in Decree 2555, 2010.
CRCC as a central counterparty authorized by SFC strictly complies with the provisions of the Securities Market Law (Law 964) and Decree 2555 of 2010.
This particular directors’ duty is formulated with similar clarity in Colombia, under Decree 2555 applicable to all issuers of securities.In Argentina, the duty to inform the market about any fact or situation that, due to its relevance, may substantially affect the behavior of market participants is covered by Decree 677 and related CNV regulations 400 and 401, as well as by the Best Practices Code.
In accepting the PSUs, Participant acknowledges that the Participant’s rights to vest the PSUs under the Plan, if any, have not and will not be offered, sold or distributed in Colombia or to Colombian residents except in circumstances which do not constitute a public offer of securities in Colombia within the meaning of article 6.1.1.1.1 of Decree 2555 of 2010, as amended from time to time.
Until 2Q-2013, estimation of capital adequacy ratio was made according with Decree 2555, 2010.
The current applicable Colombian financial regulations would require that IBRD/CTF Eligible Financial Products be given a 100% risk weighting (Decree 2555).