Regulatory Alerts2009-10-30 | Circular 25/2009Added
Circular 25/2009 — Modification of Rules for Specialized Investment Companies Holding Retirement Fund Assets Regarding Derivative Financial Operations
The Bank of Mexico modifies the definition of "Underlying" in Rule First to expand the range of assets that specialized investment companies holding retirement fund assets may use for derivative financial operations. Specifically, it adds Unit Investment Funds (UDIs), shares or baskets of shares quoted on a stock exchange, and indices of prices on such shares as permissible underlyings. These modifications take effect on November 3, 2009.
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