Regulatory Alerts2016-01-08 | DOF 5422355Added · Updated
Amending Circular 23/15 of the Single Circular on Insurance and Surety Bonds
The National Commission of Insurance and Surety Bonds modifies provisions 6.10.2, 7.4.1, 38.1.1, 38.1.5, and 38.1.8, along with Transitory Provisions 12 and 50, and Annexes 6.10.6, 38.1.5, and 38.1.8 of the Single Circular on Insurance and Surety Bonds. These changes mandate that institutions submit the Capital Requirement Report (RR-4) containing Solvency Capital Requirement (RCS) verification details within 15 business days after each quarter's close, with a final transitional submission due by March 4, 2016. The document also establishes the procedural framework for distributing the RCS calculation system and defines the specific file naming conventions and data structures for the RR-4 electronic submission.
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