Regulatory Alerts2010-10-06 | Circular 31/2010Added
Circular 31/2010 — Amends Circular 4/2006
The Bank of Mexico amends section 3.1.4 of Circular 4/2006 to exclude future operations on Mexican federal development bonds (BONOS) with fixed national currency interest rates from derivative regulations if settlement occurs within eight business days. This modification allows these specific bonds to be negotiated with foreign investors without triggering derivative classification. The resolution applies to multiple banking institutions, brokerage houses, investment companies, and limited-purpose financial societies and enters into force the day after its publication in the Official Gazette.
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