Modifications to the General Provisions on the Operations of the Retirement Savings Systems

DOF: 29/11/2019

MODIFICATIONS to the General Provisions on the Operations of the Retirement Savings Systems

At the margin, a seal with the National Coat of Arms, which reads: United Mexican States.- TREASURY.- Ministry of Finance and Public Credit.- National Commission of the Retirement Savings System.

MODIFICATIONS TO THE GENERAL PROVISIONS ON THE

OPERATIONS OF THE

RETIREMENT SAVINGS SYSTEMS

The President of the National Commission of the Retirement Savings System, based on what is provided in articles 1, 2, 5 sections I, II, III, IV, VI, VII, XIII bis and XVI, 12 sections I, VI, VIII and XVI, 18, 18 bis, 19, 20, 21, 25, 26, 29, 30, 31, 36, 37, 37 A, 37 C, 39, 40, 41, 43, 47, 47 bis, 53, 57, 58, 59, 64, 64 bis, 64 ter, 65, 70, 74, 74 bis, 74 ter, 74 quáter, 74 quinquies, 76, 77, 78, 79, 80, 88, 89 90 sections II, IV and XIII, 91, 99, 111 and 113 of the Law of the Retirement Savings Systems; 167, 175, 176, 177, 179, 181, 182, 187, 188, 191 section II, 192, 195, 198 and 200 of the Social Security Law; 2, 13, 21, 26, 64, 76, 77, 78, 83, 87, 91, 93, 97, 98, 100, 101, 102, 105 section VII, 106, 108 section II, subsection c, 119 and 123 section II, as well as Fifth, Seventh, Tenth, Eleventh, Twenty-second, Twenty-fourth, Twenty-fifth, Twenty-sixth and Twenty-seventh Transitional Provisions of the Decree by which the Law of the Institute of Security and Social Services for State Workers is issued; 1, 5 last paragraph, 29 section II, 34, 38, 40, 43, 43 bis and Eighth Transitory Provision of the Law of the National Housing Fund for Workers; 1, 14, 15, 16, 23, 25, 28, 29, 30, 31, 32, 33, 34, 35, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 59 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93, 94, 95, 96, 97, 98, 106, 109, 110, 111, 112, 113, 114, 115, 116, 117, 118, 119, 120, 121, 122, 123, 139, 140 and 154 of the Regulations of the Law of the Retirement Savings Systems; 1, 2 section III and 8. first paragraph of the Internal Regulations of the National Commission of the Retirement Savings System, and

CONSIDERING

That, as a result of advances in technology, which allow for identification and control validations with international security standards through remote means, this Commission considers it convenient to take advantage of such applications to simplify the Worker's Electronic File for the benefit of the Workers themselves and to foster competition in the Afore sector, and

That to reduce the operational costs associated with the integration of the Worker's Electronic File, as well as to increase its efficiency, it is necessary to eliminate the Digital Handwritten Signature and CURP of the officials designated by the Afore to intervene in operational or audit processes and control related to the Worker's Individual Account, has seen fit to issue the following:

MODIFICATIONS TO THE GENERAL PROVISIONS ON THE

OPERATIONS OF THE RETIREMENT SAVINGS SYSTEMS

ARTICLE ONE.- Article 198, section II, is modified, and section III of the same article 198 is repealed, of the General Provisions on the operations of the retirement savings systems, published in the Official Gazette of the Federation on December 25, 2015, modified and added, through publications in the same official dissemination organ on dates April 21, June 29, August 25 and October 18, 2016, July 4, 2017 and November 16, 2018, March 20, June 18, 2019 and September 13, 2019, to read as follows:

" Article 198. ...

...

I.

...

II.

The Biometric Signature, the Digital Handwritten Signature and CURP of the Service Agent or Promoter Agent, as the case may be, who manages the procedures or services requested by the Worker, in each case, related to their Individual Account and that form part of the Electronic File. The elements referred to in this section shall not be required when the Electronic File is integrated directly by the Worker themselves through technological platforms, in which by their characteristics the presence of the Service Agent or Promoter Agent is not necessary;

III.

Repealed;

IV. and V. ...

...

...

...

...

... "

TRANSITIONAL PROVISIONS

FIRST.- These modifications shall enter into force on the next business day following their publication in the Official Gazette of the Federation.

SECOND.- With the entry into force of this modification, all those provisions that contravene this are abrogated.

Mexico City, November 22, 2019. - The President of the National Commission of the Retirement Savings System, Abraham E. Vela Dib. - Signature.

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