Regulatory Alerts2011-02-16 | Circular 6/2011Added
Circular 6/2011 — Modifies Circular 2019/95
This circular amends Circular 2019/95 by incorporating new sections M.37 through M.37.2 to regulate the joint provision of automated teller machine (ATM) network services by multiple banking institutions through third-party operators. It mandates that participating institutions obtain prior written authorization from the Bank of Mexico, specifying the legal nature of the third party and providing detailed information regarding investment, service terms, and corporate statutes. The Bank of Mexico must resolve authorization requests within 30 business days of confirming complete documentation, and authorized institutions must treat client transactions on these networks as if they occurred on their own ATMs and seek approval for any modifications to the authorized terms.