General Provisions Applicable to Holding Companies of Financial Groups Subject to the Supervision of the National Banking and Securities Commission

GENERAL PROVISIONS APPLICABLE TO HOLDING COMPANIES OF FINANCIAL GROUPS SUBJECT TO THE SUPERVISION OF THE NATIONAL BANKING AND SECURITIES COMMISSION

Published in the Official Gazette of the Federation on December 1, 2014, modified by resolution published in the same official medium on December 22, 2021, and September 5, 2025.

The National Banking and Securities Commission, based on the provisions of Articles 93, 95, and 98 of the Law to Regulate Financial Groups, as well as Articles 4, fractions VI and XXXVI, and 16, fraction I of the Law of the National Banking and Securities Commission, and

CONSIDERING

That with the publication of the "Decree Reforming, Adding, and Repealing Various Provisions in Financial Matters and Issuing the Law to Regulate Financial Groups" in the Official Gazette of the Federation on January 10, 2014, the National Banking and Securities Commission was granted the authority to issue general provisions regulating the means and technical bases through which Holding Companies of Financial Groups subject to its supervision may microfilm or record in those media all books, records, and documents in general held by them related to the acts of said Holding Companies, as well as their management and conservation;

And that in accordance with Articles 95 and 98 of the Law to Regulate Financial Groups, the National Banking and Securities Commission is likewise authorized to issue general provisions establishing personal and professional requirements and the circumstances of lack of independence of independent auditors of Holding Companies of Financial Groups, as well as to determine the corporate, financial, administrative, operational, economic, and legal information that such Holding Companies must make available to the general public, has resolved to issue the following:

GENERAL PROVISIONS APPLICABLE TO HOLDING COMPANIES OF FINANCIAL GROUPS SUBJECT TO THE SUPERVISION OF THE NATIONAL BANKING AND SECURITIES COMMISSION

INDEX

Chapter I
Preliminary Provisions

Chapter II
On the Disclosure of Information to the Public

Chapter III
On the Microfilming and Digitalization of Documents Related to the Operations of Holding Companies

First Section
On Microfilming and Recording in General

Second Section
On Conservation

Third Section
Privacy Policies and Guidelines

Chapter IV
On Requirements Regarding External Auditors, the Legal Entity of Which These Are Partners, and Partners or Persons Who Are Part of the Audit Team

(1) Chapter V
(1) Regulatory Reports and Financial Information in General (1) First Section (1) Regulatory Reports

(1) Second Section
(1) On Financial Information Regarding Financial Statements

(1) Third Section
(1) Means of Delivery

(1) Chapter VI
(1) Additional Regulation

TRANSITORY PROVISIONS

Annexes

Annex 1 Instructions for Microfilming and Destruction of Documents.

Annex 2 Instructions for Recording and Destruction of Documents.

(3) Annex 3 Regulatory Reports 1

(2) Annex 4 Designation of Responsible Person for Sending Information

Chapter I
Preliminary Provisions

Article 1.- For the purposes of these provisions, the following shall be understood:

I. Commission, the National Banking and Securities Commission.

II. Control, the capacity of a person or group of persons to carry out any of the acts referred to in fraction III of Article 5 of the Law.

III. Relevant Executives, the general manager of a Holding Company, of each of the financial entities that make up a Financial Group, or of Sub-holding Companies, as well as natural persons who, holding an employment, position, or commission in the Holding Company, in the financial entities or legal entities in which said Holding Company exercises Control, make decisions that significantly transcend the administrative, financial, operational, or legal situation of the Holding Company itself or of the Financial Group to which it belongs, without the directors of the Holding Company being included within this definition.

IV. Recording, the act by which an original book, record, or document is transformed into an image in digital format on optical or magnetic media, using computer equipment and programs designed for this purpose.

III. Financial Group, that grouping integrated by the Holding Company and by financial entities, authorized by the Secretariat to function as such, in terms of Article 11 of the Law.

V. Significant Influence, the ownership of rights that allow, directly or indirectly, to exercise voting rights regarding at least twenty percent of the share capital of the Holding Company.

VI. Law, the Law to Regulate Financial Groups.

1 Annex replaced by Resolution published in the Official Gazette of the Federation on September 5, 2025, which will enter into force on January 1, 2026.

VII. Microfilming, the act by which an original book, record, or document is filmed on film.

VIII. Secretariat, the Secretariat of Finance and Public Credit.

IX. SITI, the Interinstitutional Information Transfer System, which forms part of the Official Registry of the National Banking and Securities Commission.

X. Holding Company, the anonymous company authorized by the Secretariat to organize itself as such, in terms of the Law.

XI. Sub-holding Company, the anonymous company whose exclusive purpose is to acquire and administer shares of financial entities and Service Providers and Real Estate entities, in terms of the Law.

Chapter II
On the Disclosure of Information to the Public

Article 2.- Holding Companies must make the following information available to the general public through their Internet website:

I. The name or corporate designation of shareholders who maintain Control or Significant Influence in the Holding Company, as well as the percentage of participation each has in relation to its share capital. In the case of natural persons, the shareholder's name may be replaced by the legend "Natural Person Shareholder."

II. A description of the structure of the Financial Group, including the percentage of participation of the Holding Company in the share capital of any entity, directly or indirectly, through Sub-holding Companies.

III. The appointment and removal of members of the board of directors and Relevant Executives of the Holding Company, as well as the reasons that motivated them.

IV. The following acts carried out by the Holding Company or the financial entities that are part of the Financial Group:
a) Mergers or spin-offs. b) Direct and indirect acquisitions of more than twenty percent of the share capital of any legal entity. c) Purchases or sales of assets representing ten percent of the consolidated assets of the Financial Group.

V. The main functions of the auxiliary committees of the board of directors of the Holding Company.

The information indicated in the aforementioned fractions must be updated within five business days following the date on which any modification to the provisions of said fractions occurs.

Chapter III
On the Microfilming and Digitalization of Documents Related to the Operations of Holding Companies

First Section
On Microfilming and Recording in General

Article 3.- Holding Companies must adhere to the technical bases established in this chapter for the Microfilming or Recording of books, records, and documents related to their operations, as well as those related to their accounting.

Article 4.- Holding Companies, when conserving all books, records, and documents in general held by them, related to their operations and other documents related to their accounting, may use Microfilming, Recording, or any other means authorized by the Commission for this purpose.

The Microfilming or Recording carried out by Holding Companies must be subject to internal control procedures and the technical bases contained in Annexes 1 and 2 of these provisions, as applicable.

The use of systems or means for the conservation of books, records, and documents in general, other than Microfilming or Recording, or when these do not comply with the technical bases referred to in this chapter, will require authorization from the Commission in order to carry out such processes, in compliance with what is provided in Article 93 of the Law, accompanying the respective request with the specifications of the technical bases they will use for the conservation or handling of the corresponding information.

Holding Companies, in the processes referred to in this article, must additionally comply with what is established in numerals 4.3, 4.4, and 5, and the normative appendix of the Mexican Official Standard NOM-151-SCFI-2002, Commercial Practices-Requirements to be Observed for the Conservation of Data Messages, published in the Official Gazette of the Federation on June 4, 2002, or its substitute.

Holding Companies must ensure the inalterability of the data, figures, and, if applicable, literal characteristics of the original books, records, and documents subject to Microfilming or Recording, through the technology used for this purpose, and verify that they correspond faithfully to their original.

Article 5.- Holding Companies, for Microfilming or Recording, may apply the standard technology existing in the market, provided it meets the security requirements established in Annexes 1 and 2 of these provisions, as applicable.

The Microfilming process must provide for the generation of an index of the documents subject to said process, indicating, at least, the name of these, the storage location, the size, the date and time of creation, the number of images, and a descriptive reference of their content, as well as the key of the media on which the documentation was microfilmed.

The index must have the name of the Holding Company as the header, and the footer must indicate the name of the operator and the official who verified the preparation of the documents, as well as the place and date on which the Microfilming was performed.

Regarding Recording processes, a file containing the aforementioned data must be generated. Furthermore, the total number of directories or subdirectories existing, the total space of the storage media, and the total space occupied without considering that which, if applicable, is occupied by the index file, which is also recorded, must be noted.

The index referred to in this article must be recorded in a minutes document signed by the officials responsible for the Microfilming or Recording process, which must be stored as an image, within the media used. On the other hand, the physical media containing this information must be properly identified, containing at least, the name of the Holding Company, the place and date of storage, the internal control key, as well as the name and signature of the operator and the verifying official.

Second Section
On Conservation

Article 6.- Holding Companies are only obligated to conserve the original of the books, records, and documentation related to their operations and that related to their accounting, notwithstanding having used Microfilming, Recording, or any other means authorized for this purpose by the Commission, in cases of express exception to what is provided by Article 93 of the Law, which federal legislation or general provisions issued by the Commission or other financial authorities determine, and for the term that, if applicable, the same stipulate.

Article 7.- Holding Companies are obligated to conserve the original camera negatives obtained by the Microfilming system, as well as the first copy obtained from optical or magnetic discs with digitized images of all books, records, and documents contained in such systems, during the terms established by legal provisions in commercial and tax matters applicable to the conservation of accounting and correspondence.

Likewise, they must have the set of equipment and programs (hardware and software), procedures, and system data that allow knowing the content of the optical or magnetic discs referred to in the previous paragraph, and, if applicable, those required regarding Microfilming processes.

Article 8.- The original camera negatives obtained by the Microfilming system and the first copy obtained from optical or magnetic discs with digitized images of the books, records, and documents contained in such systems, as well as the prints achieved based on this technology, duly certified by authorized personnel of the respective Holding Company, will have, in court, the same probative value as the original books, records, and documents, in accordance with what is provided in Article 93 of the Law.

Third Section
Privacy Policies and Guidelines

Article 9.- Holding Companies must have internal policies aimed at establishing guidelines and procedures regarding the handling and, if applicable, destruction of books, records, documents, and other information related to their accounting, which have been or will be subject to Microfilming or Recording. Such policies must be prepared by the committee performing audit functions and must comply with the internal controls established for this purpose in terms of Article 57, fraction II, subsection p) of the Law.

Additionally, when preparing the guidelines and procedures referred to in this article, Holding Companies must provide for circumstances to:

I. Guarantee the adequate handling and control of documents containing confidential information, in order to ensure that only those persons who, due to their functions, should know it, access it, regardless of whether it is subject to or not to the Microfilming or Recording processes referred to in this chapter.

II. Comply, at all times, with the applicable provisions on financial secrecy regarding the information and documentation shared with the other entities that are part of the Financial Group related to the operations and services performed by each of said entities with their clientele, in accordance with Article 113 of the Law.

III. Implement mechanisms that ensure that information can be provided in a timely manner to competent financial authorities, when so requested.

IV. Obtain copies of all information that has been subject to Microfilming or Recording in any of the systems or means used for this purpose, in order that it may be used in the event of loss of the original camera negatives or, if applicable, of the first copy obtained from optical or magnetic discs.

Chapter IV
On Requirements Regarding External Auditors, the Legal Entity of Which These Are Partners, and Partners or Persons Who Are Part of the Audit Team

Article 10.- Holding Companies, to have satisfied the requirements referred to in Article 98 of the Law, regarding their external auditors, the legal entity of which these are partners, and the partners or persons who are part of the audit team, need only comply with the requirements indicated for this purpose in the general provisions applicable to holding companies of financial groups, which are issued jointly by the National Banking and Securities Commission, the Insurance and Surety Commission, and the Retirement Savings System Commission.

(1) Chapter V
(1) Regulatory Reports and Financial Information in General (1) First Section (1) Regulatory Reports

(1) Article 11.- Holding Companies must provide the Commission, with the periodicity established in the following articles, the financial information attached to these provisions as Annex 3, which is identified with the series and types of reports listed below:

(1) Series R01 Minimum Catalog.
(1) A-0111 Minimum Catalog
(1) Series R10 Reclassifications
(1) A-1011 Reclassifications in the statement of financial position (1) A-1012 Reclassifications in the statement of comprehensive income (1) Series R12 Consolidation.
(1) A-1219 Consolidation of the statement of financial position of the Holding Company with its subsidiaries (1) A-1220 Consolidation of the statement of comprehensive income of the Holding Company with its subsidiaries (1) Series R13 Financial Statements.
(1) A-1311 Statement of changes in the equity of the Holding Company (1) A-1313 Statement of changes in the equity of the consolidated financial group (1) A-1316 Statement of cash flows of the Holding Company (1) A-1318 Statement of cash flows of the consolidated financial group (1) B-1321 Statement of financial position of the Holding Company (1) B-1322 Statement of comprehensive income of the Holding Company

(1) B-1323 Statement of financial position of the consolidated financial group (1) B-1324 Statement of comprehensive income of the consolidated financial group (1) Series R14 Qualitative Information.
(1) A-1411 Shareholder integration of the Holding Company (1) In the event that, due to changes in applicable regulations, it is required to establish additional concepts and levels to those provided in these provisions, the Commission will make the opening of the new concepts and respective levels known to the Holding Companies. Likewise, the Commission through SITI will notify the Holding Company of the registration and sending mechanism for the corresponding information.

(1) Article 12.- Holding Companies will present the information referred to in the previous article, with the periodicity indicated below:

(1) I. Monthly the information related to series R01, R10, R12, and R13, exclusively with respect to reports B-1321, B-1322, B-1323, and B-1324, must be provided within the month immediately following the date of their date.
(1) Reports B-1321 and B-1322 of series R13 must be sent to the Commission, via physical letter addressed to the vicepresidency responsible for supervising the Holding Company, for which they will be duly signed by the executives and persons referred to in article 60 of the General Provisions applicable to holding companies of financial groups and sub-holding companies that regulate matters corresponding jointly to the national supervisory commissions. This is without prejudice to the obligation of Holding Companies to send such reports in accordance with what is stated in the following article 14.

(1) II. Quarterly the information related to series R13, exclusively with respect to reports A-1311, A-1313, A-1316, and A-1318 and R14.
(1) The quarterly information listed in this fraction must be provided within the month immediately following the date of its date.

(1) Second Section
(1) On Financial Information Regarding Financial Statements

(1) Article 13.- Holding Companies will deliver quarterly the basic consolidated financial statements, prepared, approved, and signed in accordance with what is stated in articles 55 and 57 to 60 of the General Provisions applicable to holding companies of financial groups and sub-holding companies that regulate matters corresponding jointly to the national supervisory commissions, with figures for the months of March, June, and September of each year within the month immediately following the date of their date. This information must be delivered to the Commission in printed form and addressed to the vicepresidency of the Commission in charge of its supervision.

(1) The information referred to in the previous paragraph must additionally include that related to its subsidiaries that are subject to consolidation.

(1) Regarding the annual audited basic consolidated financial statements of the Holding Companies, prepared, approved, and signed in accordance with the General Provisions applicable to holding companies of financial groups and sub-holding companies that regulate matters corresponding jointly to the national supervisory commissions, they must be delivered to the vicepresidency of the Commission in charge of its supervision, within 120 natural days following the close of the corresponding fiscal year,

in addition to providing on that same date a general report on the progress of the business of the holding company, as well as the auditor's report.

(1) Third Section
(1) Means of Delivery
(1) Article 14.- The Holding Companies, unless expressly provided otherwise, shall send to the Commission the information mentioned in these provisions, through their electronic transmission using the SITI.

(1) The information must comply with the validations established in the SITI, as well as the quality standards indicated by the Commission through said system, and there must be consistency between the information that the Holding Companies include in one or more regulatory reports referred to in Article 11 of these provisions, even if they are at a different level of integration. The information must be sent only once and will be received assuming it meets all required characteristics, for which reason it cannot be modified, with the SITI generating an electronic receipt.

(1) Once the information is received, it will be reviewed, and if it does not meet the required quality and characteristics or is presented incompletely, the obligation to present it will be considered unfulfilled, and consequently, the corresponding sanctions will be imposed.

(1) The Holding Companies will notify via electronic mail to the address cesiti@cnbv.gob.mx the name of the person responsible for providing the information referred to in these provisions, in the manner, as a model, attached in Annex 4. The aforementioned appointment must fall on executives who are within the two hierarchies below that of the General Director of the Holding Company, who have responsibility for the management of the information.

(1) Likewise, they may appoint more than one person as responsible, depending on the type of information in question.

(1) Once the email referred to in this article is sent, the Commission will notify the Holding Companies by the same means, within five business days following the receipt of the request, the confirmation of the registration of the corresponding responsible person, as well as, if applicable, the access of users for the requested regulatory reports.

(1) The notification or substitution of any of the responsible persons for the sending and quality of the information referred to in this article must be notified to the Commission under the terms previously stated, within three business days following the date of their appointment or substitution.”

TRANSITORY
SINGLE.- These provisions will enter into force on the next business day following their publication in the Official Gazette of the Federation.
TRANSITORIES
(Resolution published in the Official Gazette of the Federation on December 22, 2021) FIRST - This Resolution will enter into force on January 1, 2022.
SECOND. As of January 1, 2022, the General Provisions applicable to the holding companies of financial groups subject to the supervision of the National Banking and Securities Commission, published in the Official Gazette of the Federation on January 31, 2011, are repealed.
THIRD. The regulatory reports referred to in Article 12, fraction I, first paragraph of the provisions referred to in this resolution, corresponding to the information for the months of January, February, and March 2022, will be sent to the National Banking and Securities Commission, only once, within the month of April 2022. TRANSITORIES (Resolution published in the Official Gazette of the Federation on September 05, 2025) SINGLE.- This Resolution will enter into force on January 1, 2026.

CONSIDERING
(Resolution published on December 22, 2021)
That in accordance with Article 78 of the General Law of Regulatory Improvement and with the purpose of reducing the compliance cost of the General Provisions applicable to the holding companies of financial groups subject to the supervision of the National Banking and Securities Commission, this decentralized body through this modifying resolution repeals the obligation for holding companies to present before this supervisory authority, through the vicepresidency in charge of their supervision, various regulatory reports;

That the Law to Regulate Financial Groups establishes that the Holding and Sub-holding Companies of financial groups will be obligated to provide to the commission in charge of their supervision, the data, reports, records, minute books, auxiliaries, documents, correspondence and in general, the information deemed necessary, in the form and terms determined by the Secretariat of Finance and Public Credit, through general provisions. Likewise, it empowers that dependency of the Federal Public Administration to determine which commission will be in charge of the supervision of each Holding and Sub-holding Company, as well as the general supervision of each Financial Group, the above in conformity with the book capital of the entities in question, among other elements of judgment.

That derived from the Law to Regulate Financial Groups, the National Banking and Securities Commission, the National Insurance and Bonds Commission, and the Retirement Savings System jointly issued the General Provisions applicable to the Holding Companies of financial groups and Sub-holding Companies that regulate the matters corresponding jointly to the national supervisory commissions, published in the Official Gazette of the Federation on June 29, 2018, which establish that the Holding Companies must present to the commission in charge of their supervision the basic financial statements, prepared, approved, and signed in accordance with the applicable provisions and their relative notes.

That, in addition to the above, the Secretariat of Finance and Public Credit issued the General Rules of Financial Groups, published in the Official Gazette of the Federation on December 31, 2014, through which it disposes that the Holding and Sub-holding Companies will be obligated to provide to the Supervisory Commission the information referred to in the general provisions that it issues, in the form and terms determined in said provisions, and

That in order to facilitate the consultation, compliance, and observance of the provisions applicable to the Holding Companies of financial groups, it is necessary to specify the form and deadlines in which said companies will deliver their regulatory reports and financial information to the National Banking and Securities Commission, therefore it has been resolved to issue the following. CONSIDERING (Resolution published on September 05, 2025) That in accordance with what is provided by Article 78 of the General Law of Regulatory Improvement and with the purpose of reducing the compliance cost of this modifying resolution, the National Banking and Securities Commission, through the issuance of the “Resolution that modifies the General Provisions applicable to credit institutions”, published in the Official Gazette of the Federation on July 23, 2021, proceeded to make modifications to the methodologies that multiple banking institutions use to carry out the estimation of preventive reserves and credit portfolio classification, in order to adjust the risk parameters of probability of default and loss severity, regarding the portfolio of mortgage credits for housing granted to women;

That it is necessary to make adjustments to the normative framework in accounting matters applicable to the Holding Companies of Financial Groups, in order to incorporate the recording of the valuation of equity investments that are not traded in the short term, but that are classified as

negotiable financial instruments in the formats of the regulatory reports that must be presented before the National Banking and Securities Commission, with the objective of decreasing the volatility in the result of the exercise, caused by valuations not performed, and to ensure the convergence of the accounting framework with the Financial Information Standards, therefore it has been resolved to issue the following:

R E F E R E N C E S
1) Added by Resolution published in the Official Gazette of the Federation on December 22, 2021.
2) By resolution published in the Official Gazette of the Federation on December 22, 2021, ANNEXES 3 and 4 are added.
3) By resolution published in the Official Gazette of the Federation on September 05, 2025, ANNEX 3 is substituted.
2
2 This Resolution will enter into force on January 1, 2026.