Regulatory Alerts2018-11-16 | DOF 5544145Added
Modifications and Additions to the General Provisions on Operations of the Retirement Savings Systems
The National Retirement Savings System Commission modifies and adds provisions to the General Provisions on Operations of the Retirement Savings Systems to allow the use of biometric authentication models and non-presential mechanisms, such as mobile applications, for worker services. Administrators are required to contact workers aged 60 or older regarding their individual accounts and retirement options, and must simplify registration and transfer processes by removing certain documentation requirements. The regulation also establishes rules for the administration of individual accounts for minors and mandates information security measures for administrators, operating companies, and service providers.