Regulatory Alerts2017-01-12 | DOF 5468963Added
General Provisions Applicable to Securities Depository Institutions
The document establishes general provisions for securities depository institutions, mandating that financial statements be prepared under IFRS or Mexican financial reporting standards and audited by independent external auditors. It requires monthly submission of financial statements within twenty days and annual statements within sixty days of the fiscal year-end. The rules define eligible service recipients, prohibit exclusivity in contracts with foreign institutions, and impose strict requirements for outsourcing, including segregation of assets and legal convertibility of currencies. Additionally, institutions must implement technological controls, business continuity plans, and equitable conduct policies to prevent conflicts of interest and ensure operational resilience.
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