Regulatory Alerts2024-12-27 | DOF 5746257Added
Modifying Resolution of the Resolution that modifies the General Provisions applicable to Popular Savings and Credit Entities, Integration Organizations, Community Financial Societies, and Rural Financial Integration Organizations under the Popular Savings and Credit Law
The National Banking and Securities Commission extends the effective date of the April 18, 2024 regulatory modifications for Popular Financial Societies, Community Financial Societies, and Rural Financial Integration Organizations from January 1, 2025, to January 1, 2026. The resolution allows these entities to omit comparative financial statements for 2025 and mandates that credit portfolio cash flow tests for the December 31, 2025 period be authorized by internal committees and submitted to the Commission by February 27, 2026. Additionally, it establishes transition rules for recognizing initial financial effects related to credit risk reserve methodologies, permitting either immediate recognition in equity or a deferred recognition over 24 months ending December 31, 2027.
More like this from SHCP
SHCP published 15 documents in the last 30 days. We email you each new one the day it's published.