Regulatory Alerts2018-07-12 | Circular 7/2018Added
Circular 7/2018 — Modifies Circular 5/2012
The document increases the maximum bid amount for primary Cetes auctions to 80% of the maximum amount offered in the respective call. This limit applies to the aggregate bids of multiple banking institutions and brokerage houses within the same financial group or controlled by the same shareholder, defined as owning 30% or more of the capital stock or controlling the assemblies and administration. The regulation explicitly excludes IPAB Securities auctions from these consolidated limits and mandates that investment funds submit bids through their asset management operator. The changes to Articles 2 and 7 of Circular 5/2012 take effect upon publication in the Official Gazette.
More like this from BANXICO
We email you every new BANXICO publication the day it's published.