Regulatory Alerts2017-03-31 | Circular 8/2017Added
Circular 8/2017 — Modifies Circular 7/2011
Bank of Mexico modifies the procedure for Market Makers and UDIBONOS Market Makers to exercise their right to purchase BONOS, CETES, and UDIBONOS and to conduct securities lending operations with the Bank. The amendments update definitions for BONO, CETE, UDI, and UDIBONO, establish procedures for extraordinary electronic submission failures, and introduce a new section 3.3 allowing the Bank to restrict lending operations if procedures are not followed. Market Makers must sign new contracts with the Bank by April 7, 2017, with specific transitional exemptions regarding documentation submission deadlines.
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