6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report Of Foreign Private Issuer

Pursuant To Rule 13a-16 Or 15d-16 Of

The SecuritiesExchange Act Of 1934

For the month of October 2020

Commission File Number: 000-54290

Grupo Aval Acciones y Valores S.A.

(Exact name of registrant as specifiedin its charter)

Carrera 13 No. 26A - 47

Bogotá D.C., Colombia

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

GRUPO AVAL ACCIONES Y VALORES S.A.

TABLE OF CONTENTS

Item 1

RELEVANT INFORMATION

Grupo Aval Acciones y Valores S.A. (the “Company”) informs that the Board of Directors authorized Mr. Luis Fernando López Roca, a member of the Board, to acquire in the public stock market, directly or through the company López Roca Gaviria S.A.S., up to 1,000,000 common or preferred shares of the Company.

The decision was taken unanimously (excluding the interested party's vote) and in compliance with Article 404 of the Colombian Code of Commerce.

Bogotá, D.C., October 29, 2020.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: October 29, 2020