Regulatory Alerts2015-04-17 | Circular 8/2015Added
Circular 8/2015 — Modifies Circular 4/2012
The Bank of Mexico amends the Rules for the Execution of Derivative Operations contained in Circular 4/2012 by adding, modifying, and repealing specific definitions and regulatory provisions. The update introduces new definitions for terms such as Total Return Derivatives, Credit Derivatives, and Standardized Derivative Operations, while repealing obsolete terms like Reference Asset and Swap Contracts. It restricts the underlying assets eligible for derivatives to specific categories including precious metals, agricultural commodities, energy products, and metals, and mandates that entities and investment funds only execute derivatives on underlying assets authorized by their corporate purpose or investment regime.
More like this from BANXICO
We email you every new BANXICO publication the day it's published.