Regulatory Alerts2020-11-13 | DOF 5604994Added · Updated
Agreement Establishing the Electronic Means and Official Format for Informing the National Banking and Securities Commission of Information Exchange Agreements Between Entities of the Same Financial Group
The National Banking and Securities Commission establishes the electronic means and official XML format through which financial entities within the same financial group must report the signing of information exchange agreements to the Commission. Entities are required to submit a single XML file via the SITI PLD/FT system prior to exchanging information, detailing the agreement's confidentiality terms, authorized officials, validity dates, and specific entity identifiers using CASFIM catalog keys. The agreement mandates that reports cannot be modified after submission unless changes to the underlying agreements necessitate updates to specific fields marked as modifications in the observations section. This requirement applies to entities including banks, brokerage houses, exchange houses, and financial technology institutions, and enters into force on January 2, 2021.
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