Regulatory Alerts2017-05-26 | Circular 10/2017Added
Circular 10/2017 — Modification to Circular 4/2016
The Bank of Mexico modifies the Rules of the Interbank Payment System in Dollars (SPID) to extend operating hours, with new schedules taking effect on August 1, 2017. The amendments expand the scope of eligible clients, require participants to implement an Additional Risk Assessment model, and mandate stricter enforcement measures for non-compliance. Additionally, the document updates compensation payments for delays and specifies transitional requirements for beneficiary information collection.
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