Regulatory Alerts2007-09-10 | Circular 10/2007Added
Circular 10/2007 — Modifies Circular 8/2007
The Bank of Mexico modifies the third paragraph of section 2 of the Rules for the Purchase Auctions of Monetary Regulation Bonds (BREMS) established in Circular 8/2007. The amendment requires that at the latest at the opening of the auctions, the Bank of Mexico disclose the prices of the BREMS to be purchased to bidders via its electronic page or other electronic, computing, or telecommunications means determined by the Bank. This modification applies to credit institutions, brokerage houses, investment companies, and specialized retirement fund investment companies. The circular enters into force on September 11, 2007.
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