Regulatory Alerts2014-04-29 | Circular 5/2014Added
Circular 5/2014 — Postpones the Effective Date of Circular 2/2013
The Bank of Mexico postpones the effective date of the reforms introduced by Circular 2/2013 to November 7, 2014, granting credit institutions additional time to comply with the provisions of Circular 3/2012. This modification applies to the single transitional article of Circular 2/2013 and is directed at credit institutions and the National Financial Institution for Agricultural, Rural, Forestry, and Fisheries Development. The current circular enters into force on the next banking business day following its publication in the Official Gazette.
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