Regulatory Alerts2019-12-04 | DOF 5580893Added
Modifying Circular 15/19 of the Single Insurance and Surety Circular
The National Commission for Insurance and Sureties (CNSF) extends the effective date for the application of specific Mexican Financial Reporting Standards (NIFs) issued by CINIF from their original dates to January 1, 2021. This modification applies to NIFs B-17, C-3, C-9, C-16, C-19, C-20, D-1, D-2, and D-5, granting insurance institutions, surety companies, and mutual insurance societies additional time to align their accounting processes with these standards. The circular enters into force the day after its publication in the Official Gazette of the Federation on December 4, 2019.
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