Regulatory Alerts2026-06-16
Operational and Services External Circular DEFI-501, Subject 4: Rules Applicable to Mandatory Investments in Agricultural Development Bonds and Their Substitute Placements
The Financial Stability Department of the Bank of the Republic issued Circular DEFI-501 to consolidate the rules governing mandatory investments in Agricultural Development Bonds (TDA) and substitute placements under Articles 220 and 221 of Law 2294 of 2023 and Article 9 of Legislative Decree 0175 of 2026. The circular mandates that investment requirements be met with 60% Class A and 40% Class B TDA, while limiting substitute agricultural loan placements to 20% of qualifying own-funds portfolios. It maintains the applicability of specific substitution weights and definitions from External Resolution 3 of 2000 until the National Agricultural Credit Commission issues new regulations.
Share