Regulatory Alerts2018-07-18 | DOF 5532050Added
Modifications to the General Provisions Establishing the Investment Regime for Specialized Investment Societies of Retirement Savings Funds
The National Retirement Savings System Commission modifies Article 21, Section I, subsection d), and Article 24, Section II of the General Provisions to adjust investment restrictions and diversification criteria for Basic Investment Societies. Specifically, the amendments allow Basic Investment Societies 1 through 4 to acquire certain convertible shares and foreign variable income securities through agents, and establish specific percentage limits for investments in national stock indices and real estate investment vehicles (FIBRAS). Additionally, Annex M is updated to require that indices used for direct or derivative investments consist of at least 90% of companies supervised by authorities in Eligible Countries for Investments. These modifications enter into force the day after publication, except for the provisions regarding Article 24, Section II and Annex M, which take effect once specific financial requirements are established.
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