2025-11-04 | DOF 5771761

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Modifications to the General Provisions Establishing the Investment Regime for Specialized Investment Companies of Retirement Savings Funds

The National Retirement Savings System Commission modifies the investment regime for Specialized Investment Companies (SIEFORES), specifically introducing a definition for Foreign Debt Securities and updating credit rating requirements for linked structures. It prohibits Basic Pension Investment Companies from directly acquiring FIBRAs or equities, allowing FIBRA exposure only through vehicles, and restricts basic companies from investing in commodities-linked structures. The amendments also repeal the mandatory loss compensation formula for investment companies and establish phased effective dates, with most provisions entering into force the day after publication and specific rules applying from August 1, 2025.

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Mexico

Secretaria de Hacienda y Credito Publico

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