Regulatory Alerts2017-02-14 | Circular 2/2017Added
Circular 2/2017 — Modifies Circular 22/2010
The Bank of Mexico amends Circular 22/2010 to introduce a new definition for "Resource Provider" and modify the operational rules for Basic Accounts for the General Public. Credit institutions must identify deposits from government subsidy programs using specific tracking or reference keys. These accounts are exempt from minimum balance requirements if they receive regular deposits from identified Resource Providers, subject to specific notification and closure procedures if such deposits cease.
More like this from BANXICO
We email you every new BANXICO publication the day it's published.
Topics
Share