Regulatory Alerts2014-04-29 | Circular 6/2014Added
Circular 6/2014 — Extension of the Effective Date of Circular 4/2013
The Bank of Mexico extends the effective dates for specific provisions of Circular 4/2013, which amends Circular 17/2010 regarding the Interbank Electronic Payment System. The provisions in section 3.1(e)(iii) and section 6(a Bis) are deferred to November 7, 2014; those in section 3.1(c Bis), section 6(a) third paragraph, and section 7.2(b) to March 6, 2015; and those in section 3.3(a) second paragraph, section 6(a) and (c) second paragraphs, section 7.2(d Bis), and section 7.3 to May 8, 2015. Additionally, Issuing Participants must process Mobile Device Transfer orders daily between 6:00 and 17:30 hours from January 17, 2015, until the March 6, 2015 effective date.
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