Regulatory Alerts2022-11-07 | Circular 14/2022Added · Updated
Circular 14/2022 — Modifications to the Repo Rules
Circular 14/2022 modifies the definitions in the Repo Rules to explicitly include fiduciary stock certificates issued by the National Infrastructure Fund (FONADIN) as eligible government securities for repo operations. The amendment updates the definition of "Government Securities" to encompass these certificates and adds a specific definition for "FONADIN Certificates" as fiduciary stock certificates issued by the National Bank of Public Works and Services with federal government backing. These changes apply to credit institutions, brokerage houses, investment funds, and other regulated financial entities conducting repo transactions.
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