Regulatory Alerts2012-03-02 | Circular 4/2012Added
Circular 4/2012 — Derivatives Operations
The Bank of Mexico establishes uniform rules for Credit Institutions, Brokerage Houses, Investment Companies, Limited Purpose Financial Societies, and the Rural Financial Institution regarding the execution of derivatives operations. The regulation defines key terms, specifies permitted underlyings, and mandates prior authorization from the Bank of Mexico for entities conducting proprietary derivatives, while exempting hedging activities and certain futures from this requirement. It also outlines specific counterparty restrictions and annual reporting obligations for authorized entities.
More like this from BANXICO
We email you every new BANXICO publication the day it's published.
Topics
Share