Based on constitutional mandates, Colombia regulates a broad range of activities, which require the SFCs authorization and often, the setting up of a local, regulated entity. Relevant examples are as follows:

• Banking activities involving accepting deposits (which covers banks in general and an array of other deposit-taking institutions)
• Lending in general, when the sums originate in funds collected from the public
• Carrying out insurance and reinsurance in general
• Carrying out insurance and reinsurance intermediation
• Intermediation of publicly traded securities (which covers, among others, broker-dealers, providing securities investment advice and providing activities ancillary to securities markets such as custody, registration of transactions, settlement and self-regulation)
• Infrastructure providers (which covers electronic payment services, rating agencies and delivery of detailed market information, among others)
• Trust services (which may collect funds from the public)
• Bonded warehouses
• Investment management (which may be carried out by an array of institutions, such as broker-dealers, pension funds and trust companies)
• Financial cooperatives
• Management of pension funds
• Promotion of non-Colombian financial/capital market services and products in Colombia