Regulatory Alerts2016-06-24 | DOF 5442430Added
Modifying Circular 11/16 of the Single Circular on Insurance and Sureties
This circular adds a transitional provision to the Single Circular on Insurance and Sureties to clarify the start date for the three-year renewal period of the independent third-party certification for operators of Financial Derivative Operations. For entities holding such certifications when the rules took effect, the three-year period is calculated from April 4, 2015, rather than from the date of certification. This measure provides legal certainty regarding the compliance deadlines for insurance institutions subject to the National Commission of Insurance and Sureties.
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