Regulatory Alerts2024-01-02 | DOF 5713409Added · Updated
Amending Circular 8/23 of the Single Insurance and Surety Circular
The National Commission for Insurance and Surety Companies modifies Annex 38.1.5 of the Single Insurance and Surety Circular to simplify the submission of the Regulatory Report on Capital Requirements (RR-4) by requiring information to be handled in structured bases. The modification mandates that Surety Institutions integrate their Solvency Capital Requirement information in text format and specifies detailed 16-to-20 character alphanumeric nomenclatures for identifying RR4 product files, including .XLSX, .MAT, .TXT, and .PDF formats. The rule establishes specific file identifiers, coding keys for company types, and reporting dates, while assigning delivery obligations for various data inputs to insurance, health, pension, financial guarantee, housing credit, and surety institutions based on their authorized lines of business. The Amending Circular entered into force the day following its publication in the Official Gazette of the Federation on January 2, 2024.
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