Regulatory Alerts2018-12-14 | DOF 5546567Added
Modifying Circular 17/18 of the Single Circular on Insurance and Sureties
The National Commission of Insurance and Sureties extends the effective date for the application of specific Mexican Financial Reporting Standards (NIF) B-17, C-3, C-9, C-16, C-19, C-20, D-1, D-2, and D-5 to January 1, 2020. This modification applies to insurance institutions, surety institutions, and mutual insurance societies, allowing 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.
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