Agreement Extending the Period of Suspension of Deadlines Regarding Hearings, Procedures, and Obligations Before the National Banking and Securities Commission - Third COVID-19 Extension

AGREEMENT EXTENDING THE PERIOD OF SUSPENSION OF DEADLINES REGARDING HEARINGS, PROCEDURES, AND OBLIGATIONS BEFORE THE NATIONAL BANKING AND SECURITIES COMMISSION, AS WELL AS THE EFFECTS OF THE OTHER PROVISIONS CONTAINED IN THE AGREEMENT ESTABLISHING TEMPORARY AND EXTRAORDINARY MEASURES AND SUSPENDING SOME DEADLINES FOR THE ATTENTION OF FINANCIAL ENTITIES AND PERSONS SUBJECT TO SUPERVISION OF THE NATIONAL BANKING AND SECURITIES COMMISSION, DUE TO THE CORONAVIRUS KNOWN AS COVID-19

Published in the Official Gazette of the Federation on May 29, 2020.

The President of the National Banking and Securities Commission, based on the provisions of Articles 1, third paragraph; 4, fourth paragraph, and 73, fraction XVI, Bases 1st to 3rd of the Political Constitution of the United Mexican States, as well as Articles 2, 3, 4, 6, 6 Bis, 14, and 16 of the Law of the National Banking and Securities Commission, Articles 9 and 11 of the Internal Regulations of the National Banking and Securities Commission, and the Resolutive Second of the Agreement extending the period of suspension of deadlines regarding hearings, procedures, and proceedings that are underway, are being carried out, or should be carried out before the National Banking and Securities Commission, as well as the effects of the other provisions contained in the Agreement establishing temporary and extraordinary measures and suspending some deadlines for the attention of financial entities and persons subject to supervision of the National Banking and Securities Commission, due to the coronavirus known as COVID-19, published on March 26, 2020, document published in the Official Gazette of the Federation on April 17, 2020, and

CONSIDERING

That on March 26, 2020, the Agreement establishing temporary and extraordinary measures and suspending some deadlines for the attention of financial entities and persons subject to supervision of the National Banking and Securities Commission, due to the coronavirus known as COVID-19, was published in the morning edition of the Official Gazette of the Federation, which was subsequently extended by agreements published in said dissemination medium in its morning editions of April 17 and 28, 2020;

That the Resolutive Second of the Agreement extending the period of suspension of deadlines regarding hearings, procedures, and proceedings that are underway, are being carried out, or should be carried out before the National Banking and Securities Commission, as well as the effects of the other provisions contained in the Agreement establishing temporary and extraordinary measures and suspending some deadlines for the attention of financial entities and persons subject to supervision of the National Banking and Securities Commission, due to the coronavirus known as COVID-19, published on March 26, 2020, published in the Official Gazette of the Federation on April 17, 2020, authorizes the President of the National Banking and Securities Commission to extend the period of suspension of deadlines referred to in the Resolutive First of the same document;

That on May 14, 2020, the Ministry of Health published in the Official Gazette of the Federation the Agreement establishing a strategy for the reopening of social, educational, and economic activities, as well as a regional traffic light system to evaluate weekly the epidemiological risk related to the reopening of activities in each federal entity, as well as establishing extraordinary actions, modified by Agreement published in the same dissemination medium on May 15, 2020, which aims to establish a strategy for the reopening of social, educational, and economic activities, as well as a regional traffic light system to evaluate weekly the epidemiological risk related to the reopening of activities in each federal entity, as well as establishing extraordinary actions;

That in Mexico City, where the headquarters of the National Banking and Securities Commission (Commission) is located, on May 20, 2020, the Government Office announced the Gradual Plan towards the new normality in Mexico City, which establishes the implementation of a staggered return that prioritizes the right to health to contain the coronavirus pandemic and avoid new outbreaks of infection, with the purpose of generating a healthy life and coexistence based on a Daily Epidemiological Traffic Light with four colors: red, orange, yellow, and green, for the staggered reopening of various labor, government, education, public spaces, and transportation activities, the situation of vulnerable persons, epidemiological follow-up, and monitoring of COVID-19;

That, in addition to what is stated in the previous consideration, the Government of Mexico City declared on that same date that the city is in the red traffic light stage, and

That in order for this financial authority to be consistent with the measures established by the country's health authorities, the Government Office of Mexico City, where the headquarters of this decentralized body is located, and in order to continue with actions aimed at preventing the spread of the COVID-19 virus, has resolved to issue the following:

AGREEMENT EXTENDING THE PERIOD OF SUSPENSION OF DEADLINES REGARDING HEARINGS, PROCEDURES, AND OBLIGATIONS BEFORE THE NATIONAL BANKING AND SECURITIES COMMISSION, AS WELL AS THE EFFECTS OF THE OTHER PROVISIONS CONTAINED IN THE AGREEMENT ESTABLISHING TEMPORARY AND EXTRAORDINARY MEASURES AND SUSPENDING SOME DEADLINES FOR THE ATTENTION OF FINANCIAL ENTITIES AND PERSONS SUBJECT TO SUPERVISION OF THE NATIONAL BANKING AND SECURITIES COMMISSION, DUE TO THE CORONAVIRUS KNOWN AS COVID-19

SINGLE. The period for the suspension of deadlines regarding hearings, procedures, and proceedings that are underway, are being carried out, or should be carried out before the Commission is extended until June 30, 2020, also considering the obligations that must be communicated or resolved before the Ministry of Finance and Public Credit, through this Commission, in matters of prevention of operations with resources of illicit origin and terrorist financing, as well as the other provisions contained in the Agreement establishing temporary and extraordinary measures and suspending some deadlines for the attention of financial entities and persons subject to supervision of the National Banking and Securities Commission, due to the coronavirus known as COVID-19, published in the Official Gazette of the Federation on March 26, 2020, and extended by virtue of the Agreements published in the Official Gazette of the Federation on April 17 and April 28, 2020.

TRANSITORY PROVISIONS

FIRST. Publish in the Official Gazette of the Federation.

SECOND. This Agreement shall take effect as of May 31, 2020.