Regulatory Alerts2002-07-29 | Circular 3/2002Added
Circular 3/2002 — Modifies Circular 1/2002
The Bank of Mexico modifies the rules for the placement of government securities, specifically amending sections 4.33, 5.32, and 6 of Circular 1/2002. The changes require bids to be submitted by 13:00 hours on the second banking business day prior to the auction date, allow the Federal Government to declare an auction void with no assignments, and mandate that individual results be communicated via SIAC-BANXICO within one hour of the deadline while general results are published on the Bank's website within thirty minutes. These modifications apply to investment companies and become effective on August 6, 2002.
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