Situations of conflicts of interest that must be managed and disclosed by management companies shall be understood as the following (Article 3.1.1.10.2. Decree 2555 of 2010): 

• When several funds managed by the same company seek to invest in the same securities or rights. 
• The collective investment fund managing society direct or indirect investments in its own funds. 
• The direct or indirect investment of the fund's resources in securities, whose issuer, guarantor, acceptor, guarantor or originator is the parent company, its subordinates or subordinates of the collective investment fund managing society. 
• Making deposits in current or savings accounts in the parent company or its subordinated accounts. 
• The execution of leveraged transactions by the parent company, its subordinates or subordinates of the collective investment fund managing society. 
• For real estate investment funds, the execution of credits with the parent company, its subordinates or subordinates of the collective investment fund managing society and the making of contributions by the parent company, its subordinates or subordinates of the collective investment fund managing society, the external manager, among others. 
• The subscription of bonds issued by the fund, by the parent company, its subordinated companies or subordinated collective investment fund managing society bonds.