Regulatory Alerts2018-11-15 | DOF 5543951Added
Amending Resolution to the Resolution Modifying General Provisions Applicable to Savings and Credit Entities and Related Entities under the Savings and Credit Popular Law
The resolution extends the effective date for the application of specific Financial Information Standards (B-17, C-3, C-9, C-16, C-19, C-20, D-1, D-2, and D-5) issued by the Consejo Mexicano de Normas de Información Financiera, A.C. to January 1, 2020. This amendment applies to popular financial societies, community financial societies with operation levels I to IV, and rural financial integration organisms, allowing them additional time to adjust their accounting information systems. The resolution entered into force the day following its publication in the Official Gazette of the Federation on November 16, 2018.
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