Regulatory Alerts2019-05-20 | DOF 5560680Added
Amending Circular 8/19 of the Single Insurance and Surety Circular
This circular amends Provision 8.15.7 of the Single Insurance and Surety Circular to correct a reference error, changing the citation from Provision 18.5.3 to the correct Provision 8.15.3. The amendment clarifies the regulatory framework for institutions seeking authorization from the National Commission of Insurance and Sureties to invest in capital shares of Insurance and Surety Consortia. The provision requires institutions to submit a prior application containing specific minimum information to obtain this authorization. The circular entered into force the day after its publication in the Official Gazette of the Federation on May 20, 2019.
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