Regulatory Alerts2019-03-08 | Circular 6/2019Added
Circular 6/2019 — Foreign Currency Operations and Information Reporting by Collective Financing Institutions
Circular 6/2019 establishes the general provisions for Collective Financing Institutions to conduct foreign currency operations and report information to the Bank of Mexico. Institutions must obtain prior authorization by submitting a detailed application via digital certificate or in person, with the Bank of Mexico having 30 banking days to respond after requirements are met. The circular mandates the reporting of transactional information and opens a 60-business-day period for public consultation on the rules.
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