Regulatory Alerts2024-12-02 | DOF 5744141Added
Modifications to the General Provisions Establishing the Patrimonial Regime for AFORE Administrators, PENSIONISSSTE, and Specialized Investment Societies
The National Commission for the Retirement Savings System (CNAR) modifies the Sixth and Tenth provisions of the General Provisions regarding the patrimonial regime for AFORE administrators, PENSIONISSSTE, and specialized investment societies. The amendments introduce a gradual reduction scheme for the special reserve held by these entities, allowing a one-time 0.05% decrease in basic investment societies and an annual 0.02% decrease (up to 0.10%) for additional societies, contingent upon meeting specific prudential capitalization guidelines and obtaining independent external evaluations of IT systems, operational continuity, and governance. These modifications take effect on the first business day of 2025.
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