Circular 5/2014 — Postpones the Effective Date of Circular 2/2013

Tuesday, April 29, 2014 OFFICIAL GAZETTE (First Section) 106

CIRCULAR 5/2014 addressed to Credit Institutions and the National Financial Institution for Agricultural, Rural, Forestry, and Fisheries Development, formerly Rural Financial Institution, regarding the extension of the effective date of Circular 2/2013.

At the margin, a logo that says: Bank of Mexico.

CIRCULAR 5/2014

TO CREDIT INSTITUTIONS
AND TO THE NATIONAL FINANCIAL INSTITUTION FOR
AGRICULTURAL, RURAL,
FORESTRY AND FISHERIES DEVELOPMENT, FORMERLY RURAL FINANCIAL INSTITUTION:

SUBJECT: EXTENSION OF THE EFFECTIVE DATE OF
CIRCULAR 2/2013

The Bank of Mexico, considering the convenience of granting a period that, under the prevailing circumstances at present, allows credit institutions to fully comply with the provisions of Circular 3/2012, issued by the Bank itself, in terms of the reforms subject of Circular 2/2013, has resolved to defer the effective date of said reforms.

Therefore, based on articles 28, sixth and seventh paragraphs, of the Political Constitution of the United Mexican States; 24 and 26 of the Bank of Mexico Law; 16 and 22 of the Law for Transparency and Ordering of Financial Services; 48 of the Credit Institutions Law; 4, first paragraph, 8, fourth and seventh paragraphs, 10, first paragraph, 14 Bis, in relation to 17, fraction I, 14 Bis 1, in relation to 25 Bis 1, fraction IV, and 25 Bis 2, fraction II, and 15, in relation to 20, fraction XI, of the Internal Regulations of the Bank of Mexico, which grant it the authority to issue provisions through the General Legal Directorate, the General Directorate of Financial System Affairs, and the General Directorate of Payment Systems and Corporate Services, respectively, as well as Second, fractions I, VIII and X, of the Agreement on the Assignment of Administrative Units of the Bank of Mexico; has resolved to modify the single Transitional Article of Circular 2/2013, in the following terms:

“TRANSITIONAL
SINGLE. This Circular shall enter into force on November 7, 2014.”

TRANSITIONAL
SINGLE: This Circular shall enter into force on the next banking business day following its publication in the Official Gazette of the Federation.

Mexico, D.F., April 28, 2014.- BANK OF MEXICO: The General Director of Payment Systems and Corporate Services, Lorenza Martínez Trigueros.- Signature.- The General Director of Financial System Affairs, Jesús Alan Elizondo Flores.- Signature.- The General Legal Director, Luis Urrutia Corral.- Signature.

Tuesday, April 29, 2014 OFFICIAL GAZETTE (First Section) 107

For any inquiries regarding the content of this Circular, please contact the Management of Authorizations, Inquiries and Legal Control, at the phones (55) 5237-2308, (55) 5237-2317 or (55) 5237-2000 Ext. 3200.