Circular 7/2008 — Modifies Circular 2031/97

"2008, Year of Physical Education and Sport" CIRCULAR 7/2008 Mexico, D.F., March 4, 2008. TO THE CREDIT INSTITUTIONS OF THE COUNTRY: SUBJECT: MODIFICATIONS TO THE OPERATING RULES OF THE AGREEMENT ON PAYMENTS AND RECIPROCAL CREDITS SIGNED BY THE BANK OF MEXICO AND THE CENTRAL BANKS OF THE OTHER COUNTRIES MEMBERS OF THE LATIN AMERICAN INTEGRATION ASSOCIATION (ALADI) AND THE DOMINICAN REPUBLIC

The Bank of Mexico, based on Article 28 of the Political Constitution of the United Mexican States, paragraphs six and seven; Article 24 of the Bank of Mexico Law; Article 22 of the Law for Transparency and Orderly Regulation of Financial Services; as well as Articles 8, 10, 17, fraction I, and 20 Bis, fraction XII, which establish the authority of the Central Banking Regulations Directorate and the Operational Processing Directorate, respectively, to participate in the issuance of provisions, all of the Internal Regulations of the Bank of Mexico published in the Official Gazette of the Federation on September 30, 1994, whose last modification was published in the aforementioned Official Gazette on April 26, 2007; as well as the Single Article, fractions I and IV of the Agreement on the Assignment of Administrative Units of the Bank of Mexico; with the objective of promoting the sound development of the financial system and since the Central Bank of Brazil and the Central Bank of Chile have made modifications to the catalog of institutions authorized to operate under the agreement on payments and reciprocal credits signed by the Bank of Mexico and the Central Banks of the other countries members of the Latin American Integration Association (ALADI) and the Dominican Republic, it has resolved to modify the aforementioned Rules made known through Circular 2031/97.

Therefore, based on the foregoing, with this Circular we inform you that pages A.II.13, A.II.18, and A.II.27 have been updated.