Regulatory Alerts2017-07-21 | DOF 5491468Added
Modification to the Agreement of the Board of Directors of the National Commission for the Retirement Savings System Establishing Policies and Criteria on Commissions
The Board of Directors of the National Commission for the Retirement Savings System modifies the methodology for determining excessive commissions by requiring the consideration of the reference portfolio defined by Retirement Fund Administrators as a weighting element. This amendment mandates that the Board evaluate the consistency of investment strategies with the reference portfolio and the tracking of portfolio convergence to that benchmark when assessing commission requests. The modification entered into force on the next business day following its publication in the Official Gazette of the Federation.
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