Regulatory Alerts2015-12-03 | DOF 5418745Added · Updated
General Provisions Establishing the Commission Regime for National SAR Database Operating Companies
The National Retirement Savings System Commission establishes maximum commission rates that National SAR Database Operating Companies may charge Retirement Fund Administrators for services including account administration, electronic file management, fund dispersion, transfers, and data consultations. The regulations set specific caps such as 25 centavos per individual account per month, 0.14% on dispersion amounts, and 9.27 pesos per transfer certification, while prohibiting charges exceeding these limits. Operating companies are required to conduct annual comparative studies of their expense structures and submit justifications for applied commissions to their board of directors and the Commission. These provisions replace Circular CONSAR 14-15 and entered into force the business day following their publication in the Official Gazette on December 3, 2015.
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