Regulatory Alerts2024-12-27 | DOF 5746253Added
Amending Resolution of the Resolution Modifying General Provisions for Warehouse Receipts, Exchange Houses, Credit Unions, and Multiple-Object Financial Societies Published on April 25, 2024
The National Banking and Securities Commission extends the effective date of the April 25, 2024 regulatory modifications for credit unions from January 1, 2025, to January 1, 2026, to allow additional time for accounting system adjustments. The resolution amends transitional articles to permit credit unions to omit comparative financial statements for 2025, requires credit testing results to be submitted by February 27, 2026, and establishes specific accounting treatments for initial financial effects arising from new credit risk estimation methodologies, including options for immediate or deferred recognition over 24 months.
More like this from SHCP
SHCP published 15 documents in the last 30 days. We email you each new one the day it's published.