Regulatory Alerts2011-12-21 | Circular 25/2011Added
Circular 25/2011 — Modifies Circular 4/2006
The Bank of Mexico amends Article 2.1 of Circular 4/2006 to authorize multiple banking institutions and brokerage houses to execute derivative operations on additional underlying commodities, including corn, wheat, soy, sugar, aluminum, copper, rice, sorghum, cotton, oats, coffee, orange juice, cocoa, barley, cattle, hogs, milk, canola, soybean oil, and soybean meal. The regulation also prohibits these entities from physically settling derivative contracts involving these specific underlying assets. The modifications apply to multiple banking institutions, brokerage houses, investment companies, and limited-purpose financial societies and entered into force on December 22, 2011.
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