Regulatory Alerts2016-03-08 | Circular 3/2012Added
Circular 3/2012 — Operations of Credit Institutions, Multiple-Object Financial Companies with Equity Links to Credit Institutions, and the Rural Development Financial Institution
Circular 3/2012 compiles, unifies, and systematizes the regulations applicable to credit institutions and the Rural Financial Institution into a single legal instrument, replacing previous circulars such as 2019/95, 1/2006, 23/2008, 25/2008, and 23/2009. The document establishes detailed provisions for passive operations (including deposits, interest rates, and bank securities), active operations, and various services such as direct deposit and salary transfers. It further regulates operations with the Bank of Mexico, including deposits, liquidity auctions, and the determination of the TIIE and exchange rates, while also defining operational standards for clearing houses and investment regimes for foreign currency positions.
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