Regulatory Alerts2020-06-25 | DOF 5595536Added
Addition to General Provisions on Accounting, Financial Statement Preparation and Presentation for SAR System Participants
The National Commission of the Retirement Savings Systems (CNST) adds Annex O to the General Provisions to establish the methodology for calculating compensation owed to workers affected by variations in share prices. Administradoras de Fondos para el Retiro must compute this amount based on whether corrected share prices resulted in overvaluation or undervaluation relative to initial prices, utilizing specific formulas for each scenario. This addition enters into force on the next business day following its publication in the Official Gazette of the Federation.
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