Regulatory Alerts2010-04-16 | Circular 14/2010Added
Circular 14/2010 — Modification of Commission Collection Rules
The Bank of Mexico postpones the effective date of the commission collection scheme for automated teller machines and the obligation to display related information by five calendar days, moving the start date from April 30, 2010, to May 5, 2010. This modification applies to credit institutions, limited-object financial societies, and regulated multiple-object financial societies, addressing concerns that the original deadline coincided with a high-transaction period involving salary payments and a traditional holiday weekend.