Regulatory Alerts2017-12-27 | Circular 24/2017Added
Circular 24/2017 — Modifications to Circular 14/2015 (LEI Code)
Circular 24/2017 modifies the Rules applicable to the Legal Entity Identifier (LEI) Code by expanding the requirement for financial entities—including credit institutions, brokerage houses, investment funds, and Sofomes—to hold a valid LEI when conducting specified operations. The amendment extends the LEI requirement to trusts acting as counterparties and updates definitions to include 'Financial Entities' and 'Sofomes' while repealing the definition of 'Credit Institutions'. It establishes obligations for counterparties to provide LEIs, mandates annual verification of LEI validity in January, and sets out recognition criteria and administrative procedures for Local Units issuing LEIs in Mexico.
More like this from BANXICO
We email you every new BANXICO publication the day it's published.