Regulatory Alerts2017-10-09 | Circular 22/2017Added
Circular 22/2017 — Report to the Bank of Mexico Regarding Adherence to the Global Code of Conduct for the Foreign Exchange Market
The Bank of Mexico requires credit institutions, brokerage houses, exchange houses, and other financial intermediaries to report their decision to adhere or not to the Global Code of Conduct for the Foreign Exchange Market. Entities opting to adhere must submit a detailed report including board resolutions, implementation strategies, and compliance policies, while those declining must provide a justification. Adherence is mandatory for conducting foreign exchange operations with the Bank of Mexico, and the Bank will publish a list of participating and non-participating entities on its website.
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