AGREEMENT EXTENDING THE DEADLINE FOR THE PERIOD DURING WHICH DEADLINES REGARDING HEARINGS, PROCEDURES, AND PROCESSING THAT ARE IN PROGRESS, BEING CARRIED OUT, OR NEED TO BE CARRIED OUT BEFORE THE NATIONAL BANKING AND SECURITIES COMMISSION ARE SUSPENDED, 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.

The Board of Directors of the National Banking and Securities Commission, based on the provisions of Article 1, third paragraph; Article 4, fourth paragraph; and Article 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, 12, fraction XIV, 14, and 16 of the National Banking and Securities Commission Law and Articles 9, 10, and 11 of the Internal Regulations of the National Banking and Securities Commission;

CONSIDERING

That on March 26, 2020, in the afternoon version of the Official Gazette of the Federation, the National Banking and Securities Commission published 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 (CNBV AGREEMENT);

That on March 30, 2020, the General Council of Public Health published in the Official Gazette of the Federation the Agreement declaring a public health emergency due to force majeure, the epidemic of the disease generated by the SARS-CoV2 virus (COVID-19), in which it declares a public health emergency due to force majeure, the epidemic of the disease generated by the SARS-CoV2 virus (COVID-19); also stating that the Ministry of Health will determine all actions necessary to address this emergency;

That as a consequence of the declaration of a public health emergency by the General Council of Public Health, on March 31, 2020, the Ministry of Health published in the Official Gazette of the Federation the AGREEMENT establishing extraordinary actions to address the public health emergency generated by the SARS-CoV2 virus, establishing, among other things, that the public, social, and private sectors must implement, among others, the immediate suspension, from March 30 to April 30, 2020, of non-essential activities; exhorting the entire population residing in Mexican territory, and not participating in essential labor activities, to comply with co-responsible home confinement from March 30 to April 30, 2020, and

That in order for this financial authority to be consistent with the measures established by the country's health authorities and to continue with actions aimed at preventing the spread of the COVID-19 virus, it has resolved to issue the following:

AGREEMENT EXTENDING THE DEADLINE FOR THE PERIOD DURING WHICH DEADLINES REGARDING HEARINGS, PROCEDURES, AND PROCESSING THAT ARE IN PROGRESS, BEING CARRIED OUT, OR NEED TO BE CARRIED OUT BEFORE THE NATIONAL BANKING AND SECURITIES COMMISSION ARE SUSPENDED, 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 MARCH 26, 2020

FIRST. The deadline for the suspension of deadlines regarding hearings, procedures, and processing that are in progress, being carried out, or need to be carried out before the Commission is extended, 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 financing of terrorism, as well as the other provisions contained in the CNBV AGREEMENT, until April 30, 2020, or until the date when this deadline is further extended by agreement of the President of the National Banking and Securities Commission, in accordance with the resolutive Second of this Agreement.

SECOND. The powers of the President of the National Banking and Securities Commission provided for in the CNBV AGREEMENT are extended for as long as necessary to address the health contingency and its effects, or until such time as the Board of Directors of the National Banking and Securities Commission determines, with the President of the National Banking and Securities Commission equally empowered to extend the deadline for the period in which the deadlines referred to in the resolutive First above are suspended.

TRANSITORY PROVISIONS

FIRST. Published in the Official Gazette of the Federation.

SECOND. This Agreement shall take effect from April 19, 2020.