Regulatory Alerts2008-09-23 | Circular 45/2008Added
Circular 45/2008 — Modifies Circular 2019/95
The Bank of Mexico amends specific provisions of Circular 2019/95 to allow multiple banking institutions to permit early withdrawal of deposits on the preceding business day, exempt certain savings account interest from income tax based on salary minimum thresholds, and authorize the issuance of bank bonds and bank securities. The regulation also updates rules regarding early repayment of commercial credits, defines documentation requirements for bond issuances, and establishes asset weighting for foreign currency liability admission limits. Additionally, it repeals specific articles on foreign currency exceptions and services, updates references to the Interbank Electronic Payment System (SPEI) rules, and permits the early settlement of national currency liabilities contracted before April 4, 1995, in exchange for new investment unit operations.
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