Regulatory Alerts2010-06-16 | Circular 19/2010Added
Circular 19/2010 — Modification of Circular 2019/95
The Bank of Mexico amends Circular 2019/95 by adding paragraphs to numerals M.12.23, M.28, and M.51.2 to subject specific U.S. dollar cash transactions to the general provisions issued by the Ministry of Finance and Public Credit. The amendments require that time deposits received in U.S. dollar cash, payments of loans made with U.S. dollar cash, and purchases of U.S. dollar cash by institutions comply with the regulations referenced under Article 115 of the Credit Institutions Law. These changes apply to multiple banking institutions and take effect on June 21, 2010.
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