Regulatory Alerts2001-03-19 | Circular 1/2001Added
Circular 1/2001 — Repos Agreed by Investment Companies
Circular 1/2001 authorizes common investment companies and debt instrument investment companies to conduct repo operations with brokerage firms and credit institutions using government securities and bank titles. It mandates that these companies act solely as repo providers for their own account, adhere to general Bank of Mexico regulations regarding terms and pricing, and avoid transactions with entities controlling their capital or at prices significantly deviating from market rates. The circular requires reporting of these operations to the Bank of Mexico and establishes sanctions for non-compliance, while repealing Circular 1/92.
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