Regulatory Alerts2016-03-31 | Circular 7/2016Added
Circular 7/2016 — Modifications to Circular 8/2015
The Bank of Mexico modifies the Second Transitory Article of Circular 8/2015 to establish staggered effective dates for the requirements governing the execution and settlement of Standardized Derivative Operations. These requirements apply to standardized derivative operations entered into between Entities or between an Entity and domestic Institutional Investors starting April 1, 2016, and to operations between an Entity and foreign Financial Entities or foreign Institutional Investors starting November 16, 2016. The document applies to Credit Institutions, Brokerage Houses, Investment Funds, Multiple Banking Institutions, General Deposit Warehouses, and the Financial Entity.
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