Regulatory Alerts2022-03-18 | Circular 2/2022Added · Updated
Circular 2/2022 — Modifies Circular 4/2016 (Miscellaneous Matters)
The Bank of Mexico modifies the Rules of the Interbank Payment System in Dollars (SPID) to establish specific independence requirements for external independent auditors hired by participants. The amendments introduce detailed conflict-of-interest prohibitions, including restrictions on auditor fees, client relationships, employment history, and financial holdings, while also updating procedures for operator registration, admission requirements, and compliance reporting timelines.
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