Regulatory Alerts2021-11-19 | Circular 9/2021Added · Updated
Circular 9/2021 — Modifications to Circular 13/2012 (Electronic Attention Module)
The Bank of Mexico modifies the Electronic Attention Module and Commission Registration System rules to include electronic payment fund institutions and collective financing institutions in commission registration obligations, aligning them with credit institutions and regulated multiple-object financial societies. The update introduces new definitions for roles such as Qualified Representative and Operator, establishes specific submission deadlines and receipt times for electronic communications, and sets the effective date to 150 natural days after the publication of the commission category catalog on the Bank's website. These changes apply to credit institutions, the National Agricultural, Rural, Forestry and Fisheries Development Financial Institution, brokerage houses, regulated multiple-object financial societies, electronic payment fund institutions, and collective financing institutions.
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