Regulatory Alerts2020-09-07 | DOF 5599792Added
Modifications and Additions to the General Provisions on Financial Matters of the Retirement Savings Systems
The National Retirement Savings System Commission modifies and adds provisions to the General Financial Provisions for Retirement Savings Systems, primarily by updating definitions related to tactical asset allocation, control, private issuers without operational history, and related parties. The document establishes new governance and risk management requirements for structured instruments, FIBRAs, and securitized instruments, including maximum cost limits and specific investment criteria for companies without operational history. It also introduces new risk definitions such as legal risk and operational risk, mandates the creation of a Financial Risk Committee and a UAIR within investment societies, and repeals certain articles to align with updated investment regimes and regulatory improvement standards.
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