Regulatory Alerts2021-12-22 | DOF 5639052Added · Updated
Amending Circular 14/21 of the Single Circular on Insurance and Sureties
The National Commission of Insurance and Sureties amends provisions 3.9.2, 22.1.2, 25.1.9, and 25.1.19, and Annex 22.1.2 of the Single Circular on Insurance and Sureties to align accounting criteria with Mexican Financial Reporting Standards (NIF). The modifications update investment classification categories, revise the accounting treatment for surety guarantees and claims, and adjust disclosure requirements for related-party transactions. These changes apply to insurance institutions, mutual societies, and holding companies, and enter into force on January 1, 2022.
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.
Topics
Share