Regulatory Alerts2023-08-08 | DOF 5697788Added
Modifications and Additions to the General Provisions Regarding Operations of Retirement Savings Systems
Modifications and additions are made to the General Provisions Regarding Operations of Retirement Savings Systems, amending articles 1, 8, 9, and numerous others while repealing articles such as 62 ter and 147. New definitions are established including Mobile Application, Web Portal, SAR Electronic Signature, Personal Identification Number (NIP), and CLABE Account, mandating the use of CLABE accounts for payments and deposits to increase security and reduce costs. Operating Companies must develop and operate Web Portals and Mobile Applications using authentication factors of category 2 or higher, while Administrators may define their own portals subject to Commission authorization resolved within 60 business days and valid for two years.
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