Colombia Updates Open Finance System Rules

Decree 1489 of 2026 changed provisions tied to the publication of standards and indicators, as well as the launch of Colombia’s Open Finance System participant directory. Available coverage also describes a move toward a mandatory framework, with adjustment obligations for financial entities and with points that, according to the materials reviewed, still need to be checked against the official text and its implementing rules.

What changed with Decree 1489 of 2026?

The decree adjusted the rules on how the system’s standards and indicators are published, along with the launch of the participant directory. That directory is one of the components identified in the available coverage as part of the framework of Colombia’s Open Finance System.

Enter.co reported that Decree 1489 of 2026 introduced those changes to the Colombian framework. The report on the change does not spell out the full content of the new standards or the complete scope of each adjustment in the material provided, but it does place the measure at the center of the regulatory transition.

Who would the mandatory framework cover?

According to an analysis by Monet, the mandatory framework would apply, among other entities, to credit institutions, SEDPEs, trust companies, broker-dealers, pension funds, insurers and crowdfunding platforms. That reading should be treated with caution, because the source itself says the interpretation must be checked against the official decree and its regulations.

The same source draws a line between general product information and onboarding or transactional data. In its analysis, general information would not require authorization because it is not personal data, while access to onboarding and transactional data would be subject to authorization.

What still needs official confirmation?

The official sources of the Superintendency of Finance and the Colombian government still need to be checked for the decrees, the deadlines and the exact way the system will be implemented. The available material does not provide a full timeline in this report or confirm whether extensions will be granted, so that point remains open in the reviewed coverage.

The research material’s editorial recommendation is to verify those official documents before treating the system’s regulatory scope as settled, especially on consent, technical standards, implementation timeline, the participant directory and any possible extensions.