Regulatory Alerts2020-10-23 | DOF 5603430Added
Amending Circular 8/20 of the Single Circular on Insurance and Sureties
The National Commission of Insurance and Sureties extends the effective date for the application of specific Mexican Financial Reporting Standards (NIF) B-17, C-3, C-9, C-16, C-19, C-20, D-1, D-2, and D-5 to January 1, 2022. This modification applies to insurance and surety institutions, as well as mutual insurance companies, granting them additional time to adapt their accounting processes to these standards. The circular enters into force the day after its publication in the Official Gazette of the Federation.
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