Financial Superintendency definition

Financial Superintendency means Superintendencia Financiera de Colombia, the Borrower’s regulatory agency, established and operating pursuant to the provisions of Law Nº 964 (as hereinafter defined), and its successor or successors thereto, responsible for the supervision of financial institutions.
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Examples of Financial Superintendency in a sentence

  • The electronic information delivery system the Company uses for the publication of such reports is the Sistema de Infomación del ▇▇▇▇▇▇▇ de Valores managed by the Financial Superintendency of the Republic of Colombia (or any successor thereof).

  • The escision project fulfills all established legal requirements including, amongst other, the Code of Commerce, Law 222 of 1995, External Circulars No. 1 of 23 March 2007 and No. 7 of 2 April 2008 issued by the Superintendency of Corporations, and External Circular No. 5 of 2005 issued by the Superintendency of Securities (currently the Financial Superintendency of Colombia).

  • Please note that Colombian law restricts the type of entities that may act as local Custodians to trust companies, stock broker dealers and investment management companies (sociedades administradoras de inversion), in each case under the surveillance of the Financial Superintendency.

  • The exchange rate that will be used to convert the Final Purchase Price of Colombian Pesos to USD will be the representative market rate (rate certified by the Financial Superintendency of Colombia) in force on the Closing Date,; i.e., the exchange ​ ​ rate representative of the market that the Financial Superintendency of Colombia certifies at the close of the market on the Business Day immediately preceding the Closing Date (the "Reference Rate").

  • This escision was approved by the Superintendency of Corporations through Resolution 126-002332 of 14 April 2011 and is pending approval by the Financial Superintendency of Colombia; once approval by the latter is received, closing of the escision will take place.

  • Upon the terms and conditions set forth in this Agreement, in consideration and as payment in full for the Sold Shares, the Purchaser shall pay to the Sellers the equivalent in Colombian pesos (COP) to one hundred and two thousand American dollars (USD 102,000) (the “Purchase Price”), which will be liquidated based on the exchange rate (TRM) of the Business Day preceding the Closing, as certified by the Colombian Financial Superintendency.

  • For the conversion of dollars of the United States of America into Colombian Pesos, the market representative exchange rate applicable on the payment date as certified by the Financial Superintendency, or the entity performing its duties, shall apply.

  • Ecopetrol may make the payment in pesos or in dollars, based on the Representative Market Rate (RMR) officially certified by the Financial Superintendency for the date of issuance of the corresponding invoice.

  • For this purpose, the aforementioned exchange differences shall be determined and settled according to the market representative exchange rate certified by the Financial Superintendency of Colombia, or the entity replacing it.

  • The Colombian Acquisition will be carried out as soon as practicable once the same has been approved by the Colombian Financial Superintendency (the "CFS").