Regulatory Alerts2015-10-26 | Circular 15/2015Added
Circular 15/2015 — Postpones the Effective Date of Circular 9/2015
The Bank of Mexico postpones the effective date of Circular 9/2015, which modifies Circular 21/2009 regarding the Annual Total Cost (CAT), to February 2, 2016. This extension provides financial institutions with additional time to fully comply with the reforms introduced by Circular 9/2015. The present Circular enters into force on the date of its publication in the Official Gazette of the Federation.