Regulatory Alerts2008-09-23 | Circular 43/2008Added
Circular 43/2008 — Modifies Circular 2019/95
The Bank of Mexico amends the definition of "Foreign Currency to be Received" in Circular 2019/95 to include foreign currency arising from spot exchange and derivative operations conducted with Mexican investment companies, specialized retirement fund investment companies, and insurance companies holding a short-term credit rating of mxA-2 or higher. The modification applies to operations with a maturity of up to one year and enters into force on September 26, 2008. Institutions may retroactively apply this definition to operations from January 1, 2008, by submitting a request to the Management of Authorizations, Consultations, and Legal Control within 30 days of the circular's effective date.
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