Regulatory Alerts2023-09-08 | Circular 8/2023Added · Updated
Circular 8/2023 — General Provisions to Determine the Means for Disseminating Circulars Issued by the Bank of Mexico Regarding the Circulation of Banknotes and Metal Coins
The Bank of Mexico establishes electronic mail as the official channel for communicating general provisions on cash operations to credit institutions, requiring them to submit institutional and individual email addresses via a standardized form by October 23, 2023. The circular mandates that communications sent to registered addresses are legally binding even if the accounts are inactive or incorrect, and it repeals Circular-Telefax 1/2002. Credit institutions must maintain updated contact information and notify changes within three banking days, with modifications taking effect two banking days after notification.
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