Regulatory Alerts2011-11-28 | Circular 22/2011Added
Circular 22/2011 — Modifies Circular 5/2011
The Bank of Mexico modifies the procedure for acting as market makers for government securities by introducing new definitions and suspending securities lending rights. Market makers whose Proportional Net Long Position averages 40% or more across BONOS and UDIBONOS issuances over monthly periods will have their lending rights suspended. The suspension takes effect on the third business day following notification and is lifted if the average drops below 40% for two consecutive measurement periods. These changes enter into force on January 16, 2012.
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