Rule · SHCP · 23 Apr 2026 · DOF 5785693
The National Commission for the Retirement Savings System (CONSAR) updates homoclave codes and denominations for pension plan registration and prospectus authorization. The agreement converts the submission of advertising material from a registration to a notice, eliminating specific requirements such as free-form request letters for multiple procedures. It reduces resolution deadlines for actuarial registration and electronic pension plan registration to three business days and immediate, respectively. Additionally, CONSAR merges numerous authorization procedures for the organization and operation of AFOREs and SIEFORES into single streamlined processes with updated requirements.
DOF: 23/04/2026
AGREEMENT establishing actions for elimination, simplification, and administrative improvement of procedures carried out before the National Commission for the Retirement Savings System
A seal with the National Coat of Arms appears on the margin, which reads: United Mexican States.- Treasury.- Ministry of Finance and Public Credit.- National Commission for the Retirement Savings System.
AGREEMENT ESTABLISHING ACTIONS FOR ELIMINATION, SIMPLIFICATION, AND ADMINISTRATIVE IMPROVEMENT OF PROCEDURES CARRIED OUT BEFORE THE NATIONAL COMMISSION FOR THE RETIREMENT SAVINGS SYSTEM.
The President of the National Commission for the Retirement Savings System, based on the provisions of Article 25, last paragraph, of the Political Constitution of the United Mexican States; Articles 1, 2, 5, fractions I, II, and XVI, and 12, fractions I, II, VIII, and XVI, 19, 21, and 40 of the Law of Retirement Savings Systems; Article 4 of the Federal Administrative Procedure Law; Articles 1, 2, 5, 6, 7, fraction I, 8, 9, fractions IX, XII, and XIII, 10, fractions II, III, V, and IX, 19, 24, and 74 of the National Law to Eliminate Bureaucratic Procedures; and Article 2, fraction III, and 8, first paragraph, of the Internal Regulations of the National Commission for the Retirement Savings System, and
CONSIDERING
That Article 25, last paragraph, of the Political Constitution of the United Mexican States, establishes that authorities of all levels of government, within the scope of their competence, must implement public policies for administrative simplification, which allow for the simplification of procedures, services, good regulatory practices, and other objectives established by the general law in this matter.
That, in accordance with the provisions of the Political Constitution of the United Mexican States, under Article 73, fraction XXIX-Y, the National Law to Eliminate Bureaucratic Procedures was issued, which includes within its objectives, enabling the National Model to Eliminate Bureaucratic Procedures, enabling the National Model for Digitalization, and establishing the obligations of authorities of the three levels of government to guarantee its compliance;
That, within the framework of the National Development Plan 2025-2030, Transversal Axis 2, Objectives T2.1 and T2.2, contemplates the implementation of a national model for the simplification and digitalization of administrative procedures, which allows citizens efficient access to services and speeds up online procedures, reducing time and costs for Mexican society;
That, to comply with what is provided in the Political Constitution of the United Mexican States and in the objectives set forth in the National Development Plan 2025-2030, the Organic Law of the Federal Public Administration in its Article 42 Ter, grants powers to the Agency for Digital Transformation and Telecommunications to coordinate the digitalization of procedures and services under the responsibility of dependencies, decentralized bodies, and entities of the Federal Public Administration;
That, in accordance with Article 3, fraction XXXIV of the National Law to Eliminate Bureaucratic Procedures, the National Commission for the Retirement Savings System (CONSAR) as an administrative decentralized body of the Ministry of Finance and Public Credit, has the status of Obligated Subject for the effects of the simplification of procedures and services provided for in said Law;
That, the objectives of the regulatory improvement policy are to simplify and modernize procedures and services, which may be simplified through general agreements published in the corresponding dissemination medium by the heads of the Obligated Subjects, in accordance with what is provided in Article 24 of the National Law to Eliminate Bureaucratic Procedures;
That, Article 2 of the Law of Retirement Savings Systems establishes that the coordination, regulation, supervision, and oversight of retirement savings systems are the responsibility of the National Commission for the Retirement Savings System and that, within its powers established in Article 5th, is the power to regulate, through general provisions, matters related to the operation of retirement savings systems, as well as to issue those to which participants in retirement savings systems must adhere, regarding their constitution, organization, operation, and participation in retirement savings systems;
That the President of CONSAR, as the highest administrative authority of said body and in concordance with what is provided by the National Law to Eliminate Bureaucratic Procedures, has the attribute to coordinate and promote regulatory improvement actions within the scope of its competence, such as simplifying and modernizing Procedures and Services, this Commission has seen fit to issue the following:
AGREEMENT ESTABLISHING ACTIONS FOR ELIMINATION, SIMPLIFICATION AND IMPROVEMENT ADMINISTRATIVE OF PROCEDURES THAT ARE CARRIED OUT BEFORE THE NATIONAL COMMISSION FOR THE RETIREMENT SAVINGS SYSTEM
ARTICLE FIRST.- The following homoclave is updated:
No.
Procedure Name
Homoclave before
Homoclave after
Registration of Pension Plans. Modality A:
Electronic Registration Pension Plans
CONSAR-01-019-A
CONSAR-2026-01-001
ARTICLE SECOND.- The denomination of the following procedures is updated:
No.
Homoclave
Procedure Name
Updated Denomination
CONSAR-2026-01-001
Registration of Pension Plans. Modality A:
Electronic Registration Pension Plans.
Electronic Registration Pension Plans
CONSAR-01-009
Authorization of information prospectuses for Specialized Investment Societies of Funds for Retirement.
Authorization for the modification or update of the information prospectuses of Specialized Investment Societies of Funds for Retirement.
ARTICLE THIRD.- In accordance with Article 19 of the National Law to Eliminate Bureaucratic Procedures, and what is provided in Article 23, fraction IX, of the Guidelines for the Implementation of the National Model to Eliminate Bureaucratic Procedures, the conversion of the following registration is established, to become a notice, in virtue that, due to its legal nature, it does not require adjudication or a response from the National Commission for the Retirement Savings System:
No.
Homoclave
Procedure Name
Improvement implemented resulting from the conversion
CONSAR-01-016
Submission of advertising material used by AFOREs
Notice of the submission of advertising material used by AFOREs
ARTICLE FOURTH.- The requirements of the procedures listed below are eliminated:
No.
Procedure Homoclave
Procedure Name
Simplification actions implemented
Mandatory requirements after the implemented improvement
CONSAR-01-003
Authorization to increase from
40% to 60% the investment of the minimum paid-in capital required in assets.
The following requirement is eliminated:
1.
Free-form request letter.
CONSAR-01-004
Approval of the appointments of
Independent Directors and the Regulatory Comptroller of AFOREs and SIEFORES.
The following requirements are integrated into the request form:
1.
Declaration under oath of truth.
2.
Independent Directors.
3.
Annex A Format.
CONSAR-01-005
Authorization for
AFOREs to invest in companies that provide them with complementary or auxiliary services in the realization of their object.
The following requirement is eliminated:
1.
Request letter.
1.
Request Form
FF- CONSAR-01-005.
CONSAR-01-013
Authorization to exceed the
5% limit and up to 10% of the total assets of an investment company, for its investment in securities issued by private companies or issued, guaranteed or accepted by credit institutions, with whom they manage.
The following requirement is eliminated:
1.
Free-form request letter.
1.
Request Form
FF- CONSAR-01-013.
CONSAR-01-016
Notice of the submission of advertising material that AFOREs use
The following requirement is eliminated:
1. Free-form request letter.
1. Advertising material with the
final characteristics of dissemination.
CONSAR-01-018
Registration and Authorization of Actuaries to audit Pension Plans.
The following requirements are eliminated:
1. Free-form request letter.
2. Exhibition in duplicate of Annex B
3. Enjoy recognized professional prestige and not have been
convicted by a final judgment for intentional crime.
1. Request Form
FF-CONSAR- 01-018.
2. Hold a Professional Certificate of
Actuary or Bachelor's Degree in Actuarial Science; if foreign, the equivalent documentation to the aforementioned must be presented, in accordance with applicable legal provisions.
3. 5 years of professional
experience in actuarial consulting.
4. Have experience in the
valuation of contingent labor liabilities, which can be accredited through certificates issued by governmental or private entities within the three years prior to the one that presents its application.
5. Valid professional certificate that
accredits its technical knowledge in the valuation of contingent labor liabilities issued by: I. A college of professionals in the matter of actuarial science that is a member of the International Actuarial Association, or; II. A college of professionals in the matter of actuarial science that is registered before the Ministry of Public Education, and it has granted it the recognition of suitability as an auxiliary in the oversight of professional practice in the modality of professional certification, or;
III. The Society of Actuaries (SOA
by its initials in English), which includes, among the topics that have been the object of favorable examination, the valuation of contingent labor liabilities (retirement benefits).
ARTICLE FIFTH.- The maximum resolution deadlines for the following procedures are reduced:
No.
Procedure Homoclave
Procedure Name
Maximum deadline to resolve the procedure
CONSAR-01-018
Registration and Authorization of Actuaries to audit Pension Plans.
3 business days
CONSAR-2026-01-001
Electronic Registration Pension Plans
Immediate
ARTICLE SIXTH.- Improvement actions are implemented in the procedures listed below:
No.
Procedure Homoclave
Current Procedure Name
Implemented Improvement
Requirements
CONSAR-01-001-A
Authorization to organize and operate as Retirement Fund Administrator. Modality A: Retirement Fund Administrators.
The procedures with homoclave are merged:
CONSAR-01-001-A, CONSAR- 01-001-B,
CONSAR-01-001-C, CONSAR- 01-007-A CONSAR-01-007-B CONSAR-01-048, CONSAR-01-049-A, CONSAR-01-049-B, CONSAR- 01-050, CONSAR-01-051, CONSAR-01-052, CONSAR-01- 056, CONSAR-01- 057-A and CONSAR-01-057-B.
To remain with the denomination and homoclave following:
CONSAR-01-001
Procedure Name:
Authorization to organize and operate as Retirement Fund Administrator or Specialized Investment Society of Funds for Retirement
General Requirements:
Additionally, to obtain the approval of the Commission Administrators and Investment Societies must present the following:
2. Original proof of payment of
rights, for the study of the Request for Authorization, provided for in the Federal Law of Rights.
3. Background of the Applicants,
including information on the founding partners, which must be prepared in accordance with what is provided in Article 29 of the General Provisions in matters of operations of retirement savings systems (Provisions)
CONSAR-01-001-B
Authorization to organize and operate as Retirement Fund Administrator. Modality B: Retirement Fund Administrators
Foreign Financial Institution Subsidiaries and Related Societies.
CONSAR-01-001-C
Authorization to organize and operate as Retirement Fund Administrator. Modality C: Retirement Fund Administrator
Financial Institution Subsidiaries.
CONSAR-01-007-A
Authorization to organize and operate as Specialized Investment Society of Funds for Retirement. Modality A: Basic SIEFORES.
CONSAR-01-007-B
Authorization to organize and operate as Specialized Investment Society of Funds for Retirement (Additional). Modality B: Additional SIEFORES.
CONSAR-01-048
Accredit that the
Retirement Fund Administrators and Specialized Investment Societies of Funds for Retirement are in conditions to organize and operate.
When applicants opt to be certified by one or more Independent Experts, additionally they must present:
Additionally, for the Organization and Operation of Investment Societies and for the Authorization of Additional Investment Societies, it must be presented:
CONSAR-01-049-A
Delivery of the certificate issued by the Independent Expert (EI). Modality A. Retirement fund administrators.
CONSAR-01-049-B
Delivery of the certificate issued by the Independent Expert (EI). Modality B. Specialized investment societies of funds for retirement.
CONSAR-01-050
Delivery of the certificate issued by the Independent Expert.
CONSAR-01-051
Notice to CONSAR about changes to infrastructure, IT systems or in the operation different from those reviewed and certified by the or the independent experts.
CONSAR-01-052
Accredit that you have the necessary infrastructure for the communication of sending and receiving information.
CONSAR-01-056
Exhibition before the
CONSAR of the certified copy of the bylaws of the AFORE and its SIEFORES, in which the data of inscription in the Public Registry of Commerce are contained.
CONSAR-01-057-A
Notification on the date of start of operations of AFORES and SIEFORES.
CONSAR-01-057-B
Notification on the date of start of operations of AFORES and SIEFORES.
For Verification or Certification,
Administrators and Investment Societies, additionally must present:
I. Regarding Administrators:
1. Certified copy of the constitutive deed;
2. Registration procedure before the Ministry;
3. Draft contract with an
Operating Company;
4. Submission of the draft contracts for the provision of administrative services and distribution of
shares with their Investment Societies;
5. Investment manual;
6. Manual of policies and procedures
for the administration of financial risk;
7. Initial balance;
8. Information on the location of their
central offices and branches;
9. Accredit that the installation of computer systems has been carried out,
as well as the celebration of promises of contracts for the operation of said systems;
10. Accredit that the operational application has been acquired, or
developed on which each one of the operational processes of the Administrator and its Investment Societies will be developed;
11. Accredit that the application for
the registration and control of Pension Advisors of the Administrator has been acquired, or developed
12. If applicable, certificate that accredits
that the personnel of the Administrator has the necessary training from the provider of the application on which they will develop the operational, accounting and Pension Advisor processes of the Administrator and its Investment Societies
13. Self-regulation program;
In case that applicants opt to be certified by one or more Independent Experts, additionally they must present:
1.
Certification carried out by one or several Independent Experts, complying with what is established in Articles 42, 44, 45 and 46 of the Provisions.
II. Regarding Investment Societies:
1. Certified copy of the constitutive deed.
2. Initial balance.
In case that applicants opt to be certified by one or more Independent Experts, additionally they must present:
1.
Certification carried out by one or several Independent Experts, complying with what is established in Articles 47, 48 and 49 of the Provisions.
The documentation must be presented in Spanish or accompanied by its corresponding official translation, in all cases properly legalized or apostilled, when it comes to official documents.
CONSAR-01-006-A
Acquisition of shares representative of the social capital of a Retirement Fund Administrator. Modality A: Acquisitions equal to or greater than 5% of the social capital.
The procedures with homoclave are merged:
CONSAR-01-006-A, CONSAR- 01-006-B, CONSAR-01-011 and CONSAR-01-012
To remain with the denomination and homoclave following:
CONSAR-01-006
Denomination: Alienation or
Acquisition of shares representative of the social capital of a Retirement Fund Administrator.
For the issuance of the procedure, the following requirements will be requested, in a general manner:
In the cases of acquisition of the majority of shares, in addition to the general requirements, the following will be requested:
2. Authorization by foreign authority.
3. Legal opinion.
4. Financial information.
CONSAR-01-006-B
Acquisition of shares representative of the social capital of a Retirement Fund Administrator. Modality B: Acquisitions less than 5% of the social capital.
CONSAR-01-011
Authorization for foreign financial institutions, financial institutions subsidiaries, subsidiary administrators or related societies, to acquire the majority of the shares representative of the social capital of an administrator.
CONSAR-01-012
Authorization for the alienation of shares of the series "F" representative of the social capital of Retirement Fund Administrators Subsidiaries.
CONSAR-01-009
Authorization of the modifications or updates to the information prospectuses of the Specialized Investment Societies of Funds for Retirement.
Request Format is implemented.
ARTICLE SEVENTH. The Request Formats of procedures indicated in Articles FOURTH,
FIFTH and SIXTH of this Agreement are updated, resulting from the improvement and elimination of requirements, which are integrated as follows:
No.
Procedure Homoclave
Procedure Name
Request Format Homoclave
Annex Number
CONSAR-01-001
Authorization to organize and operate as Retirement Fund Administrator or Specialized Investment Society of Funds for Retirement
FF-CONSAR-01-001
Annex I
CONSAR-01-003
Authorization to increase from 40% to 60% the investment of the minimum paid-in capital required in assets.
FF-CONSAR-01-003
Annex II
CONSAR-01-004
Approval of the appointments of the
Independent Directors and the Regulatory Comptroller of AFOREs and SIEFORES
FF-CONSAR-01-004
Annex III
CONSAR-01-005
Authorization for AFOREs to invest in companies that provide them with services complementary or auxiliary in the realization of their object
FF-CONSAR-01-005
Annex IV
CONSAR-01-006
Alienation or Acquisition of shares representative of the social capital of a Retirement Fund Administrator.
FF-CONSAR-01-006
Annex V
CONSAR-01-009
Authorization of information prospectuses of the Specialized Investment Societies of Funds for Retirement.
FF-CONSAR-01-009
Annex VI
CONSAR-01-013
Authorization to exceed the 5% limit and up to 10% of the total assets of an investment company, for its investment in securities issued by private companies or issued, guaranteed or accepted by credit institutions, with whom they manage.
FF-CONSAR-01-013
Annex VII
CONSAR-01-018
Registration and Authorization of Actuaries to
Audit Pension Plans.
FF-CONSAR-01-018
Annex VIII
ARTICLE EIGHT.- In compliance with the principles of legal certainty, simplification, publicity and transparency,
established in the National Law to Eliminate Bureaucratic Procedures, and with the aim of contributing to the objectives of an
effective simplification policy, the National Commission for the Retirement Savings System identified various activities
that are carried out by the regulated subjects of the Retirement Savings Systems sector, which do not constitute requests to
access a right, obtain a benefit or initiate an administrative procedure before the Commission itself, but rather
correspond to the commitment assumed by the regulated subjects upon obtaining authorization to operate as Participants
in the Retirement Savings Systems, as they constitute elements that are necessary for their operation, at
being provided for in the applicable regulations and, consequently, subject to the supervisory powers of the Commission
in terms of the applicable legal provisions.
In this sense and since the Law of the Retirement Savings Systems empowers the Commission to issue
general provisions, rules or guidelines to regulate the operation of its regulated entities, as well as to
supervise compliance with them, and as part of the simplification actions carried out in its capacity as
Obligated Subject, the following registrations are eliminated from the Citizen Portal for Procedures and Services, without this affecting
the validity of the norms on which they are based, implying the repeal, modification or relaxation of the obligations of
the Participants in the Retirement Savings Systems, nor limiting the powers of the Commission provided for in the
applicable regulations:
No.
Homoclave of the procedure
Name of the procedure
CONSAR-01-015
Authorization for an AFORE to restart its advertising
CONSAR-01-017
Revocation Appeal.
CONSAR-01-023
Submit to the consideration of CONSAR the forecast of income and expenses of the
Operating Companies.
CONSAR-01-035
Report from the independent auditor on irregularities or deficiencies in the
performance of the audited entity.
CONSAR-01-037
Submission of the external audit report.
CONSAR-01-054
Notice to CONSAR regarding changes to the infrastructure, computer systems or
in the operation, used in the investment process, accounting record and
integrated risk management other than those reviewed and certified by the or the
Independent Experts or by the Commission in the verification stage.
CONSAR-01-087
Authorization for the information generated by the Participants in the SARs,
to be sent to CONSAR on magnetic media or electronic devices.
CONSAR-01-088
Request to CONSAR for a Conect:Direct node, for the sending of information
recurring
CONSAR-01-089
Sending to CONSAR of the decryption keys
CONSAR-01-090
Recurring information that the Operating Companies must provide to the
Commission.
CONSAR-01-091-A
Recurring information that AFORES and SIEFORES must provide to the
CONSAR. Modality A. Retirement Fund Administrators.
CONSAR-01-091-B
Information that AFORES and SIEFORES must provide to CONSAR.
Modality B. Specialized Investment Societies for Retirement Funds.
CONSAR-01-092
Recurring information that Receiving Entities must deliver to the
CONSAR.
CONSAR-01-093
Information that participants in the retirement savings system must
keep available to CONSAR.
CONSAR-01-094
Submission of the justification of the commissions effectively applied by the
operating companies (EO).
CONSAR-02-006
Detailed report to CONSAR regarding the irregularities observed by the
independent councilors.
CONSAR-02-007-A
Information that regulatory controllers must provide. Modality A. Plan
of functions.
CONSAR-02-007-B
Information that regulatory controllers must provide. Modality B.
Monthly report.
CONSAR-02-007-C
Information that regulatory controllers must provide. Modality C.
Transfer prices.
CONSAR-02-007-D
Information that regulatory controllers must provide. Modality D.
Deviation notices.
CONSAR-03-006
Notice to CONSAR regarding variations in the prices of the securities that
make up the assets of the SIEFORES and portfolio recomposition.
CONSAR-03-008
Notification of the strategy that the SIEFORE will take when opting for the conservation
of the Investment Assets subject to credit rating.
CONSAR-04-007
Notice regarding the source of information in which the terms are recorded in which the
SIEFORES acquire vehicles in terms of the offering prospectus
corresponding, which replicate underlying assets allowed in the regime of
investment.
CONSAR-04-018
Report on violations to the security of computer assets that
compromise the personal information of workers.
CONSAR-06-005
Submission of correction and self-correction programs.
CONSAR-06-019
Notice regarding the commission structures that Administrators will charge to the
Social Welfare Funds.
CONSAR-06-021
Notice from the Operating Companies to CONSAR regarding events that affect the
operation of the processes that are carried out with the Participants in the Systems of
Retirement Savings.
CONSAR-06-022
Notice to CONSAR regarding objections to the prices determined by the price provider
or the valuation society.
CONSAR-06-023
Report to CONSAR of the policy to value investment portfolios in
international markets
CONSAR-06-024
Daily sending of information regarding the operations carried out by the custodian.
CONSAR-06-025
Notice to CONSAR regarding the omission in the delivery of updated prices for
valuation of the investment assets.
CONSAR-06-028
Report to the Commission regarding the hiring of the price provider, society
valuation and of the contracted services.
CONSAR-06-031-A
Submission of information related to the independent expert.
CONSAR-06-035-A
" Report from AFORES, Operating Companies and Service Providers of
audit and security programs "
CONSAR-06-037-A
Submission of Annual Coverage Program.
CONSAR-06-039-A
Notice of modification to the documentation presented with the request for
authorization to operate novel models
CONSAR-06-041-A
Delivery of reports from societies authorized to operate novel models.
TRANSITORY PROVISIONS
FIRST. This Agreement will enter into force on the next business day following its publication in the
Official Gazette of the Federation.
SECOND. The procedures entered into prior to the publication of this Agreement, will be resolved in
accordance with the applicable regulations in force at the time of their presentation.
THIRD.- The National Commission for the Retirement Savings System, within the maximum term of one year, counted from
the entry into force of this Agreement, within the scope of its competence, will carry out the actions
conducive, in order to carry out the corresponding adjustments to the General Provisions in
financial matters of the Retirement Savings Systems; CONSAR Circular 54-1, through which the
general rules are made known; General provisions in matters of publicity and promotion of the Retirement Savings Systems;
General provisions applicable to pension plans; General provisions in
matters of operations of the Retirement Savings Systems; which are linked to the present
Agreement.
To this effect, what is provided in article 24, second paragraph, of the National Law to Eliminate Bureaucratic
Procedures will be applicable, with the purpose of guaranteeing the coherence and harmonization of the provisions, as well as the update of
the regulatory frameworks that are modified or affected by the reforms and provisions provided for herein.
FOURTH.- The National Commission for the Retirement Savings System will update the information on the procedures and
services referred to in this Agreement, on the Citizen Portal for Procedures and Services, in accordance with
articles 53 and 54 of the National Law to Eliminate Bureaucratic Procedures.
Mexico City, April 10, 2026.- The President of the National Commission for the Retirement Savings System,
Mtro. Julio César Cervantes Parra.- Signature.
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