Regulatory Alerts2021-05-06 | DOF 5617646Added · Updated
Modifications and Additions to the General Provisions Establishing the Investment Regime for Specialized Investment Societies of Retirement Fund Societies
The National Retirement Savings System Commission modifies the General Provisions governing the investment regime for Specialized Investment Societies of Retirement Fund Societies (SIEFORES). Key changes include adding Commodity Indices as eligible investments under Article 2, updating credit rating requirements for debt instruments in Article 4, and imposing specific information and notification obligations for investment vehicles and indices under Article 9. The amendment to Article 11 clarifies the administrator's obligation to indemnify losses resulting from investment regime breaches, while Article 13 mandates that Basic Pension Investment Societies invest resources for workers aged 65 or older or those with closed societies. Furthermore, Article 16 authorizes commodity investments up to percentages defined in Annex S, and Article 21 permits acquisitions of FIBRAs and securitized instruments involving related parties. Transitional provisions establish a gradual compliance schedule for investment limits through December 2022 and introduce new diversification criteria for Basic Investment Societies.
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