Regulatory Alerts2015-10-07 | Circular 14/2015Added
Circular 14/2015 — Rules Applicable to the Legal Entity Identifier for Legal Persons (LEI Code)
The Bank of Mexico mandates that credit institutions must possess a valid Legal Entity Identifier (LEI) for themselves and their counterparties when conducting specific financial operations defined in the Credit Institutions Law. Credit institutions are required to verify the validity of their counterparties' LEIs at least once a year in January and must update their own LEI information with the Local Operating Unit within ninety days of any modification. Local Operating Units established in Mexico must obtain recognition from the Bank of Mexico, adhere to strict operational and security standards, and ensure public access to LEI data.
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