Glossary · Colombia
SFC (Superintendencia Financiera de Colombia)
Definition
Colombia's financial regulator, overseeing public markets and licensed intermediaries. Like its regional peers, it does not regulate private share transfers.
Why it matters for a secondary
With no regulatory venue to route through, every Colombian secondary is a creature of the company's own paperwork — the S.A.S. bylaws and shareholders' agreement.
Frequently asked questions
Does this term apply the same way everywhere in Latin America?
No. Each country in this glossary has its own regulator, corporate forms, and tax rules — this term is specific to the country tagged above. Check the linked country page for the fuller picture.
Is this legal or tax advice?
No. This is orientation for investors and allocators, not legal or tax advice. Confirm current rules with a licensed adviser in the relevant country before acting on anything here.