Regulatory Alerts2023-09-13 | DOF 5701734Added · Updated
Amendatory Resolution of the Resolution that modifies the General Provisions applicable to development organisms and development entities, published on January 16, 2023
Article 91 and specific criteria within Annex 38 are reformed, while Annexes 2, 6, 30, 31, and 32 of the General Provisions applicable to development organisms and entities published on January 16, 2023, are substituted. Conditions for transferring credits to Stage 3 credit risk are established, requiring recognition when amortizations are 90 or more days overdue for housing credits under REA or ROA modalities, or 30 or more days for capital and interest payments in other cases. Fovissste and Infonavit are mandated to disclose fair value hierarchy levels and changes in valuation models, and mapping tables correlating credit ratings from agencies like S&P, Moody's, and Fitch to risk grades for long-term and short-term scales are defined. The resolution enters into force the day following its publication in the Official Gazette of the Federation.
More like this from SHCP
SHCP published 14 documents in the last 30 days. We email you each new one the day it's published.