Regulatory Alerts2019-03-08 | DOF 5552284Added
General Provisions Governing Self-Correction Programs
These General Provisions establish the procedures and requirements for supervised entities to submit Self-Correction Programs to the National Retirement Savings System Commission (CNAR) to voluntarily correct regulatory irregularities. The document defines eligible and ineligible irregularities, mandates specific content for correction plans including structural fixes and preventive measures, and sets a 20-day resolution period for the Commission. Upon authorization, the Commission suspends administrative sanctions and interrupts the statute of limitations for imposing penalties, provided the entity complies with the program's terms and corrective actions.
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