Circular 2/2019 — Modifies Circular 3/2012

Friday, February 1, 2019 OFFICIAL GAZETTE
BANK OF MEXICO
CIRCULAR 2/2019 addressed to Credit Institutions and the National Financial Institution for Agricultural, Rural, Forestry, and Fisheries Development regarding Modifications to Circular 3/2012 (Annex 20).

At the margin, a logo that says: Bank of Mexico.- “2019, Year of the Southern Leader, Emiliano Zapata”.

CIRCULAR 2/2019
TO CREDIT INSTITUTIONS AND THE
NATIONAL FINANCIAL INSTITUTION FOR AGRICULTURAL, RURAL, FORESTRY, AND FISHERIES DEVELOPMENT:
SUBJECT: MODIFICATIONS TO CIRCULAR
3/2012 (ANNEX 20)

The Bank of Mexico, in order to continue promoting the sound development of the financial system and to ensure that multiple banking institutions are able to continue carrying out the calculation regarding liquidity shortfalls foreseen in the regime for the admission of liabilities and for investment in foreign currency operations established in the “Applicable Provisions for the operations of credit institutions and the National Financial Institution for Agricultural, Rural, Forestry, and Fisheries Development”, included in Circular 3/2012, has resolved to modify Annex 20 of the aforementioned Provisions, in order to make known the applicable calculation periods during 2019, 2020, 2021, 2022, and early 2023. These modifications do not imply changes to the aforementioned investment regime; only the calculation periods for Liquidity Asset shortfalls are updated, therefore this Circular was not submitted to the public consultation procedure established in the “Policies for Public Consultation of General Provisions issued by the Bank of Mexico” issued on March 7, 2018.

For the above reason, based on Articles 28, sixth and seventh paragraphs, of the Political Constitution of the United Mexican States, 24, 26, 32, and 33, of the Bank of Mexico Law, 48 of the Credit Institutions Law, 22 of the Law for Transparency and Ordering of Financial Services, 4, first paragraph, 8, fourth and seventh paragraphs, 10, first paragraph, 12, first paragraph, in relation to 19 Bis, fraction V, 14, first paragraph, in relation to 25 Bis, fraction VII, 14 Bis, first paragraph, in relation to 17, fraction I, and 14 Bis 1, first paragraph, in relation to 25 Bis 1, fraction IV, of the Internal Regulations of the Bank of Mexico, which grant it the authority to issue provisions through the General Directorate of Operations and Payment Systems, General Directorate of Financial Stability, General Directorate of Legal Affairs, and General Directorate of Financial System Affairs, respectively, as well as Second, fractions I, IV, VI, and X, of the Agreement on the Assignment of Administrative Units of the Bank of Mexico, has resolved to modify Annex 20 of the “Applicable Provisions for the operations of credit institutions and the National Financial Institution for Agricultural, Rural, Forestry, and Fisheries Development”, contained in Circular 3/2012, to read as follows:

APPLICABLE PROVISIONS FOR THE OPERATIONS OF CREDIT INSTITUTIONS AND THE NATIONAL FINANCIAL INSTITUTION FOR AGRICULTURAL, RURAL, FORESTRY, AND FISHERIES DEVELOPMENT

“ANNEX 20
Calendar of periods for purposes of calculation regarding liquidity asset shortfalls

Initial Date of Period	Final Date of Period
January 10, 2019	February 6, 2019
February 7, 2019	March 6, 2019
March 7, 2019	April 3, 2019
April 4, 2019	May 1, 2019
May 2, 2019	May 29, 2019
May 30, 2019	June 26, 2019
June 27, 2019	July 24, 2019
July 25, 2019	August 21, 2019
August 22, 2019	September 18, 2019
September 19, 2019	October 16, 2019

OFFICIAL GAZETTE Friday, February 1, 2019

October 17, 2019	November 13, 2019
November 14, 2019	December 11, 2019
December 12, 2019	January 8, 2020
January 9, 2020	February 5, 2020
February 6, 2020	March 4, 2020
March 5, 2020	April 1, 2020
April 2, 2020	April 29, 2020
April 30, 2020	May 27, 2020
May 28, 2020	June 24, 2020
June 25, 2020	July 22, 2020
July 23, 2020	August 19, 2020
August 20, 2020	September 16, 2020
September 17, 2020	October 14, 2020
October 15, 2020	November 11, 2020
November 12, 2020	December 9, 2020
December 10, 2020	January 6, 2021
January 7, 2021	February 3, 2021
February 4, 2021	March 3, 2021
March 4, 2021	March 31, 2021
April 1, 2021	April 28, 2021
April 29, 2021	May 26, 2021
May 27, 2021	June 23, 2021
June 24, 2021	July 21, 2021
July 22, 2021	August 18, 2021
August 19, 2021	September 15, 2021
September 16, 2021	October 13, 2021
October 14, 2021	November 10, 2021
November 11, 2021	December 8, 2021
December 9, 2021	January 5, 2022
January 6, 2022	February 2, 2022
February 3, 2022	March 2, 2022
March 3, 2022	March 30, 2022
March 31, 2022	April 27, 2022
April 28, 2022	May 25, 2022
May 26, 2022	June 22, 2022
June 23, 2022	July 20, 2022
July 21, 2022	August 17, 2022
August 18, 2022	September 14, 2022
September 15, 2022	October 12, 2022
October 13, 2022	November 9, 2022
November 10, 2022	December 7, 2022
December 8, 2022	January 4, 2023”

Friday, February 1, 2019 OFFICIAL GAZETTE
TRANSITORY
SINGLE.- This Circular shall enter into force on the day of its publication in the Official Gazette of the Federation.

Mexico City, January 29, 2019.- The General Director of Operations and Payment Systems, Jaime José Cortina Morfín.- Signature.- The General Legal Director, Luis Urrutia Corral.- Signature.- The General Director of Financial Stability, Fabrizio López Gallo Dey.- Signature.- The General Director of Financial System Affairs, Jesús Alan Elizondo Flores.- Signature.

For any inquiries regarding the content of this Circular, please contact the Central Bank Authorizations and Consultations Department at telephone numbers (55) 5237-2308, (55) 5237-2317, or (55) 5237-2000, extension 3200.