Regulatory Alerts2011-05-11 | Circular 11/2011Added
Circular 11/2011 — Abrogation of Provisions
The Bank of Mexico abrogates four specific circulars (Circular-Telefax 3/2000, Circular 1/2004, Circular 8/2007, and Circular 10/2007) and declares fifteen other circulars (Circular-Telefax 11/98 through Circular 53/2008) to be without effect. These actions apply to securities dealers, credit institutions, investment societies, and specialized retirement fund investment societies. The abrogated and expired provisions primarily concerned rules for monetary regulation bond auctions, interest rate swap contracts, and specific bond development issues. This circular entered into force the day following its publication in the Official Gazette of the Federation on May 11, 2011.
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