Regulatory Alerts2021-09-22 | Circular 6/2021Added · Updated
Circular 6/2021 — Modifies the Securities Lending Rules
The Bank of Mexico modifies the rules governing securities lending operations for credit institutions, brokerage houses, investment funds, retirement fund societies, insurance companies, guarantee institutions, and the Rural Development Financial Institution. The update expands the universe of eligible securities, authorizes insurance and guarantee institutions to act as lenders, and permits all covered entities to clear and settle transactions through central securities counterparties. It also introduces new definitions, removes outdated terms, and updates operational requirements regarding collateral, pricing, and corporate rights.
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