Regulatory Alerts2018-06-01 | Circular 6/2018Added
Circular 6/2018 — Modifications to the SPID Rules (POA-SPID and COA-SPID Transitional Regime)
The Banco de México extends the effective date of the contingency procedures for the Interbank Dollar Payment System (SPID) to October 1, 2018. This modification applies to the obligation of authorized credit institutions acting as SPID participants to apply the "Alternate Operation Client SPID" (COA-SPID) procedure and the SPID administrator's authority to activate the "Alternate SPID Operation Procedure" (POA-SPID). The circular amends the eleventh transitory provision of the "Rules of the Interbank Dollar Payment System" originally established in Circular 4/2016. The circular enters into force on the day of its publication in the Official Gazette of the Federation.
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