Regulatory Alerts2020-06-01 | Circular 21/2020Added
Circular 21/2020 — Modifies Circular 12/2020
The Bank of Mexico extends the suspension of time limits for administrative sanction procedures and information requests, as well as ordinary inspection visits, which were initially established in Circular 12/2020 due to the COVID-19 pandemic. These suspensions remain in effect until the Bank of Mexico announces a subsequent resolution, at which point the relevant deadlines resume. The Bank will individually notify entities with ongoing supervision procedures regarding the specific procedures to follow once the suspension ends.
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