PTEE IMPLEMENTATION TERM IS EXTENDED FOR NON-PROFIT ENTITIES
Last November, the District Legal Secretariat (“Secretariat”), issued Circular 058 of 2022, giving the instructions for the preparation and submission of the Transparency and Business Ethics Programs (“PTEE“), for the management of the Corruption and Transnational Bribery risks of Non-Profit Entities (“NPEs”), which are under the inspection, surveillance and control of the Mayor’s Office of Bogotá D.C; as well as district entities with inspection, surveillance and control powers over of such NPEs.
Under this regulation, a distinction has been made between two types of PTEE, an Integral version (“PTEE-I”) and a Simplified version (“PTEE-S”). The application of one or the other for each NPE will depend on compliance with some criteria, and/or requirements that must be met for each program. For more information, see here.
Notwithstanding the foregoing, the Secretariat recently issued Circular 13 of 2023, modifying Circular 058 of 2022 and extended the deadlines for the submission of the PTEE-I and PTEE-S, therefore its submission should no longer be made in May 2023 but until May 2024 along with the 2023 end-of-year information, as follows:
If you require our support to guarantee the full compliance of these obligations, or would like to check if your entity is obliged and to what extent, please do not hesitate to contact our Corporate and Compliance Law team.
Author: Katerine Delgado I kdelgado@lloredacamacho.com I Corporate Law