Regulatory Alerts2018-11-16 | DOF 5544140Added
General Provisions on Financial Matters for Retirement Savings Systems
The National Commission for the Retirement Savings Systems modifies the General Provisions on Financial Matters to establish minimum standards for the comprehensive management of investment portfolios by Investment Societies. The amendments require Administrators to align reference portfolios with international best practices, integrate environmental, social, and corporate governance factors into investment analysis, and allow workers to choose investment options for voluntary savings. The rules also mandate specific conflict of interest policies in ethics codes, relax criteria for independent experts evaluating debt vehicles and indices, and eliminate thirty-seven obligations to reduce administrative burdens.
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