Regulatory Alerts2018-01-25 | Circular 1/2018Added
Circular 1/2018 — Modifications to Circular 7/2011
The Bank of Mexico amends the definition of "UDIBONOS Market Makers" in Circular 7/2011 to refer to credit institutions and brokerage houses designated by the Ministry of Finance and Public Credit. It also modifies Section 3.1 of the procedure for market makers to require the daily payment of premiums to the Bank of Mexico for loan operations involving BONOS, CETES, and UDIBONOS, in accordance with Section 4.2.6 and Annex 4. These changes apply to credit institutions and brokerage houses acting as market makers for government securities. The circular enters into force on the next banking day following its publication in the Official Gazette.
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