Regulatory Alerts2022-03-29 | DOF 5647090Added · Updated
Modifications and Additions to the General Provisions on Financial Matters of the Retirement Savings Systems
The National Retirement Savings System Commission amends Articles 2, 29, 30, 36, 54, 77, and 122, and Annexes J and X of the General Provisions on Financial Matters of the Retirement Savings Systems. The amendments update definitions for the Automated Integrated System and Maximum Deviation, allow Investment Committees to authorize mutual fund participation exceeding 35% of net assets under specific active strategy conditions, and correct the formula for calculating maximum total costs for Structured Instruments in Annex X. These changes require Administrators to cover cost excesses and implement specific reimbursement methodologies, with the modifications entering into force the day after publication in the Official Gazette.
More like this from SHCP
SHCP published 14 documents in the last 30 days. We email you each new one the day it's published.