Regulatory Alerts2018-12-12 | DOF 5546345Added
Modifying Circular 14/18 of the Single Insurance and Surety Circular
This modifying circular amends Annex 6.4.11 of the Single Insurance and Surety Circular to establish specific Basic Adjustment Factor (FBA) and Adjustment Factor (FA) values for determining capital requirement factors for guaranteed financial insurance issuances during the third quarter of 2018. The updated factors apply to government bonds, asset-backed securities, and guaranteed values with or without collateral, differentiated by credit rating and maturity. Authorized insurance institutions operating guaranteed financial insurance are required to apply these specific numerical values for capital adequacy calculations. The modification enters into force the day following its publication in the Official Gazette of the Federation.