SFC
Grade C
Superintendence Financial of Colombia · Colombia · Official register
License facts
What it takes to hold this license, from the TrustFinance regulator database.
Authorized capital
260,000+
required to operate
Time to obtain
3 Months
typical licensing process
TrustFinance grade
of A to D
Requirements to get licensed
Main requirements
- Company Documentation: This involves providing copies of the founders' passports and diplomas confirming their qualifications
- Financial Statements: Documents showcasing the financial stability and capitalization of the brokerage firm.
- Compliance Documents: Evidence of compliance with anti-money laundering and anti-terrorist financing laws.
- Risk Management Procedures: Details on risk management and control systems implemented by the brokerage firm.
- Insurance Coverage: Proof of adequate insurance coverage to safeguard clients' funds.
- Accounting Records: Documentation demonstrating proper accounting and record-keeping systems.
- Internal Controls: Information on internal controls and procedures to ensure regulatory compliance.
About this regulator
The Superintendence Financial of Colombia is a technical entity attached to the Ministry of Finance and Public Credit, responsible for the inspection, surveillance, and control of the financial system, securities market, insurance sector, and any other activities involving the management, utilization, and investment of resources collected from the public. It aims to ensure the stability, safety, and transparency of the financial system, protecting investors, policyholders, and depositors, while promoting healthy competition and efficient market conduct.
Companies holding this license
Companies on record, each linking to its verification page.