Regulatory Alerts2024-06-12 | DOF 5730232Added
Agreement Modifying the General Provisions on Treasury Functions
This Agreement amends the General Provisions on Treasury Functions to streamline the procedures for opening, modifying, and canceling bank accounts authorized by exception by the Treasury of the Federation. It establishes specific documentation requirements, including the Federal Taxpayer Registry, and sets strict timelines: the Treasury must authorize account openings within 20 business days, and entities must close accounts within 15 business days after authorization expires, which is valid for up to three years. Additionally, entities are required to submit monthly balances and interest data in XML format within seven business days of month-end and to return unspent resources to the Treasury by the end of the fiscal year.
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