Regulatory Alerts2008-09-26 | Circular 46/2008Added
Circular 46/2008 — Modifies Circular 6/2007
The Bank of Mexico modifies the rules for Basic Payroll and General Public Accounts by amending section 2.2 and adding sections 2.21 and 2.22 to define eligible account holders. These changes specify that eligible individuals include those with employers holding agreements with the depositary credit institution, as well as those employed by the Federal Public Administration who contract directly with a credit institution. These rules apply to credit institutions and become effective on October 1, 2008.
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