Regulatory Alerts2008-01-04 | Circular 1/2008Added
Circular 1/2008 — Modifies Circular 2/2005
This circular modifies the rules for the swap of fixed-rate federal government development bonds to include UDIBONOS (bonds denominated in Investment Units). It adds definitions for UDIBONOS and UDIS, updates the net long position threshold to 60% of the circulating amount, and amends procedures for auction announcements, bid submission via SIAC-BANXICO, and settlement penalties. The modifications apply to credit institutions, brokerage houses, investment societies, and specialized retirement fund societies, with the circular entering into force on January 14, 2008.
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