Regulatory Alerts2019-09-13 | DOF 5572267Added
Modifications and Additions to the General Provisions on Operations of Retirement Savings Systems
The National Commission for the Retirement Savings System (CNAR) replaces the 'Transfer Implications Certificate' with a new 'Transfer Knowledge Folio', which must be issued by Operating Companies via non-presential channels including telephone, the E-SAR portal, and a Mobile Application. The regulation establishes specific authentication requirements for these channels, such as Category 2 or 3 factors, and mandates that Operating Companies maintain databases of workers requesting this folio and update them monthly. Additionally, the document amends various articles to remove redundant administrative requirements like simple copies and pagination for Afore and Siefore constitutions, modifies investment rules for Siefores regarding partial retirement due to unemployment, and introduces authorization procedures for Administrators to require the Transfer Knowledge Folio under Article 177 bis.
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