Regulatory Alerts2020-03-31 | Circular 5/2020Added
Circular 5/2020 — Modifications to the Procedure for Acting as Market Makers for Government Securities
Circular 5/2020 incorporates modifications to the procedure for credit institutions and securities houses acting as market makers for government securities, specifically amending sections of Office 305-027/2011. The changes define the Turnover Index, establish tie-breaking rules for Market Maker Indices based on Investment Activity and prior rankings, restrict purchase option rights during syndicated auctions, and allow the Bank of Mexico to extend value lending operations by one business day. These modifications enter into force on April 1, 2020.
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