Regulatory Alerts2008-05-05 | Circular 18/2008Added
Circular 18/2008 — Modifies Circular 1/2002
The Bank of Mexico amends section 4.33 of Circular 1/2002 to require investment companies to submit bids for government securities by 11:00:00 hours on the second preceding banking business day before the auction date. This modification aims to enhance the efficiency of payment systems by adjusting operational schedules to meet the specific needs of these entities. The amended rules became effective on May 9, 2008.
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