2020-03-31 | DOF 5590756

Added

Amending Circular 2/20 of the Single Insurance and Surety Circular

The National Commission of Insurance and Sureties (CNSF) amends Annex 20.2.4 of the Single Insurance and Surety Circular to update banking reference numbers for contributions to the Special Pension Fund via BBVA, S.A. The amendment reflects a new bank account assigned by Nacional Financiera S.N.C., I.B.D. to improve the identification of deposits. Specific CIE reference numbers are updated for insurance institutions participating in fiduciary trusts 9762 and 80588 under both the Social Security Law and the State Workers' Social Security and Services Institute Law. This circular enters into force on April 1, 2020, applying to pension fund contributions for March 2020 and subsequent months.

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DOF: 31/03/2020

Amending Circular 2/20 of the Single Insurance and Surety Circular

A seal with the National Coat of Arms appears at the margin, which says: United Mexican States.- TREASURY.- Ministry of Treasury and Public Credit.- National Commission of Insurance and Sureties.

AMENDING CIRCULAR 2/20 OF THE SINGLE INSURANCE AND SURETY CIRCULAR

(Annex 20.2.4)

The National Commission of Insurance and Sureties, based on what is established in articles 366, fraction II, 372, fractions VI and XLII, 373 and 381 of the Law of Insurance and Surety Institutions, and

CONSIDERING

That in terms of what is established in article 273, fractions I, II and IV of the Law of Insurance and Surety Institutions, when in the judgment of this Commission and due to the nature of an insurance, the creation of a complementary financial mechanism for its operation becomes necessary, the aforementioned Insurance Institutions must constitute special funds through private irrevocable trusts, being the settlors of the same all Insurance Institutions that operate the corresponding insurance.

The Commission will establish through general provisions, the purposes and forms of operation of such trusts, and will designate the institution that will act as trustee and authorize the respective trust agreement.

That article 275 establishes that Insurance Institutions authorized to operate Pension Insurances, must constitute special funds for each of the social security regimes, through irrevocable private trusts, whose purpose will be to have financial resources that, if necessary, support the functioning of these insurances.

That Provision 20.2.4. of the Single Insurance and Surety Circular, establishes that the operational procedure, the trustee institution in which the contributions referred to in this Provision will be made, and the reference numbers necessary to carry them out, will be those indicated in Annex 20.2.4.

That through letters dated February 18, 2020, Nacional Financiera S.N.C., I.B.D., informed this Commission that as part of an improvement in the process of identification and timely application of received deposits and/or contributions, it assigned a new bank account for exclusive use by the Fiduciary Directorate, which must be used by all its clients, requesting support from this Commission to update the information contained in Annex 20.2.4, regarding the convention number in BBVA, S.A., as well as the references assigned to the Insurance Institutions that participate as Settlers in Trusts 9762 and 80588.

For the above stated, the National Commission of Insurance and Sureties has resolved to issue the following modification to the Single Insurance and Surety Circular in the following terms:

AMENDING CIRCULAR 2/20 OF THE SINGLE INSURANCE AND SURETY CIRCULAR

(Annex 20.2.4.)

SINGLE.-

Annex 20.2.4. of the Single Insurance and Surety Circular is modified.

TRANSITORY

SINGLE.- This Amending Circular will enter into force on April 1, 2020, therefore it must be considered to make contributions to the Special Pension Fund corresponding to the month of March of the same year and onwards.

The foregoing is made known to you, based on articles 366, fraction II, 372, fractions VI and XLII, 373 and 381 of the Law of Insurance and Surety Institutions.

Attentively

Mexico City, March 20, 2020. - The President of the National Commission of Insurance and Sureties, Ricardo Ernesto Ochoa Rodríguez. - Signature.

ANNEX 20.2.4.

OPERATIONAL PROCEDURE AND REFERENCE NUMBERS NECESSARY TO MAKE CONTRIBUTIONS BY INSURANCE INSTITUTIONS TO THE SPECIAL PENSION FUND

Insurance Institutions must make contributions to the Special Pension Fund via BBVA, S.A., according to the following:

Relative to the social security regime derived from the Social Security Law.

Insurance InstitutionSpecial Pension FundCLABE AccountConventionCIE Reference
Metlife Pensiones México, S.A.012914002016412395001641239976210039
Profuturo Pensiones, S.A. de C.V.012914002016412395001641239976210047
HSBC Pensiones, S.A.012914002016412395001641239976210054
Citibanamex Pensiones, S.A., de C.V., member of the Citibanamex Financial Group012914002016412395001641239976210062
Pensiones BBVA Bancomer, S.A. de C.V., BBVA Bancomer Financial Group012914002016412395001641239976210070
Pensiones Banorte, S.A. de C.V., Banorte Financial Group012914002016412395001641239976210088
Pensiones Sura, S.A. de C.V.012914002016412395001641239976210096
Pensiones Inbursa, S.A., Inbursa Financial Group012914002016412395001641239976210104

Relative to the social security regime derived from the Law of the Institute of Security and Social Services for State Workers.

Insurance InstitutionSpecial Pension FundCLABE AccountConventionCIE Reference
Profuturo Pensiones, S.A. de C.V.012914002016412395001641239805880036
Pensiones BBVA Bancomer, S.A. de C.V., BBVA Bancomer Financial Group012914002016412395001641239805880044
Pensiones Banorte, S.A. de C.V., Banorte Financial Group012914002016412395001641239805880051
Pensiones Sura, S.A. de C.V.012914002016412395001641239805880028

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