Regulatory Alerts2018-01-05 | Circular 26/2017Added
Circular 26/2017 — Modifications to the Procedure for Acting as Market Makers for Government Securities
The Ministry of Finance and Public Credit modifies the procedure for credit institutions and brokerage houses acting as market makers for CETES, BONOS, and UDIBONOS. The changes update definitions, application processes, and the calculation methodology for the Market Maker Index (IA) and UDIBONOS Market Maker Index (IAU). Market makers must maintain an Index of Market Maker (IFM) or UDIBONOS Market Maker Index (IFMU) of at least 7% to retain their status, with non-compliant entities ceasing operations on the tenth business day following notification.
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