Circular 7/2012 — Modification to Circular 16/2011

(First Section) OFFICIAL GAZETTE Wednesday, April 11, 2012 BANCO DE MEXICO CIRCULAR 7/2012 addressed to Credit Institutions and Brokerage Houses, regarding the Modification to Circular 16/2011.

At the margin a logo, which says: Banco de México.

CIRCULAR 7/2012 TO CREDIT INSTITUTIONS AND BROKERAGE HOUSES: SUBJECT: MODIFICATION TO CIRCULAR 16/2011

The Banco de México, in its capacity as the financial agent of the Federal Government of the United Mexican States, with the purpose of continuing to promote the sound development of the financial system, considers it appropriate to make adjustments to the regime applicable to syndicated auctions of government securities, in order to establish the possibility that the respective calls may be made known on dates and times different from those originally provided for.

For the above reason, based on Articles 28 of the Political Constitution of the United Mexican States, sixth and seventh paragraphs; 3rd, fraction III, 7th, fraction I, 8th, 10, 14 and 24 of the Banco de México Law; 22 of the Law for Transparency and Ordering of Financial Services; 4th, first paragraph, 8th, fourth and seventh paragraphs, 10th, first paragraph, 14 Bis in relation to 17, fraction I, as well as 19, fractions II and VII of the Internal Regulations of the Banco de México, which grant it the authority to issue provisions through the General Legal Directorate and the Operations Directorate, respectively, as well as in Article Second, fractions VII and XI, of the Agreement on the Affiliation of the Administrative Units of the Banco de México, it has resolved to modify the first paragraph of section 3 of Circular 16/2011, to read as follows:

RULES FOR THE CONDUCT OF SYNDICATED AUCTIONS OF GOVERNMENT SECURITIES

“3. Calls

The Bank shall make known to the Distributors and the general public the calls for the Syndicated Auctions starting from 11:30 hours on the last Business Day of the week immediately preceding that in which the corresponding auction will take place, through its electronic page on the Internet identified with the domain name: www.banxico.org.mx or through any other authorized electronic, computing or telecommunication medium for this purpose, unless the Bank makes known another date or time for a particular call.

. . .”

TRANSITIONAL

SINGLE. This Circular shall enter into force on April 11, 2012.

Mexico, D.F., April 10, 2012.- BANCO DE MEXICO: The General Legal Director, Héctor Reynaldo Tinoco Jaramillo.- Initials.- The Manager of National Operations, Alfredo Sordo Janeiro.- Initials.

Wednesday, April 11, 2012 OFFICIAL GAZETTE (First Section) For any inquiries regarding the content of this Circular, please contact the Directorate of Authorizations, Inquiries and Legal Control, located at Avenida 5 de Mayo number 2, Colonia Centro, Mexico City, D.F., C.P. 06059, or at the phones 5237.2308, 5237.2317 or 52372000 Ext. 3200.