Regulatory Alerts2022-11-28 | DOF 5672532Added · Updated
Modifying Circular 12/22 of the Single Circular on Insurance and Sureties
The National Commission of Insurance and Sureties extends the effective date for the application of Financial Information Standards D-1 and D-2 to January 1, 2024, granting insurance institutions, surety companies, and mutual insurance societies additional time to align their accounting processes with these standards. This modification updates the Eighty-Fourth Transitory Provision of the Single Circular on Insurance and Sureties, delaying the enforcement originally scheduled for January 1, 2023. The circular entered into force the day after its publication in the Official Journal of the Federation on November 28, 2022.
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