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 — SHCP — MX

DOF: 27/12/2024

RESOLUTION Modifying the Resolution that modifies the General Provisions applicable to popular savings and credit entities, integration organizations, community financial societies, and rural financial integration organizations, referred to in the Popular Savings and Credit Law

A seal with the National Coat of Arms appears at the margin, which reads: United Mexican States.- Treasury.- Ministry of

Treasury and Public Credit.- National Banking and Securities Commission.

The

National Banking and Securities Commission,

based on

the provisions of

articles 46 Bis,

first paragraph;

116,

first paragraph,

fraction VII;

117;

118,

first and second paragraphs and 119 Bis

4 of the

Popular Savings and Credit Law;

98 Bis of the

Credit Institutions Law;

as well as 4,

fractions II,

III, IV, V,

XXXVI and XXXVIII,

and 16,

fraction I of the

National Banking and Securities Commission Law, and

CONSIDERING

That on April 18, 2024, the "Resolution that modifies the General Provisions applicable to popular savings and credit entities, integration organizations, community financial societies, and rural financial integration organizations, referred to in the Popular Savings and Credit Law" was published in the Official Gazette of the Federation, with which the regulatory framework applicable to popular financial societies, community financial societies, and rural financial integration organizations was updated in the matters of accounting criteria, credit portfolio classification, approval, dissemination, and content of financial statements, regulatory reports, and disclosure of financial information, with the aim of making it consistent with national and international financial information standards.

The aforementioned resolution has an effective date of January 1, 2025;

That the societies, derived from the results obtained in the preparation process for the implementation of the modifications indicated in the previous paragraph, identified the need to have more time to adapt their accounting information systems, in order to comply in a timely manner with said standards, and

That, in view of the foregoing, it is necessary to extend the deadline for the entry into force of the aforementioned modifications, so that the aforementioned societies are in a position to fulfill their obligation to deliver to this decentralized body their regulatory reports, financial statements, and other financial information,

has resolved to issue the following:

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, REFERRED TO IN THE POPULAR SAVINGS AND CREDIT LAW", PUBLISHED IN THE OFFICIAL GAZETTE OF THE FEDERATION ON APRIL 18, 2024

SINGLE.-

The articles FIRST, THIRD, FOURTH, and SIXTH of the Transitory Provisions 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, referred to in the Popular Savings and Credit Law", published in the Official Gazette of the Federation on April 18, 2024, are REFORMED, to read as follows:

"FIRST.-

This Resolution shall enter into force on January 1, 2026, with the exception of the modifications to the criterion "B-5 Assets Adjudicated" contained in Annex E, which shall enter into force on the first day of the calendar month immediately following the date of publication of this Resolution in the Official Gazette of the Federation."

"THIRD.-

The basic consolidated quarterly and annual financial statements that, in accordance with this Resolution, are required from Popular Financial Societies, Community Financial Societies, and Rural Financial Integration Organizations, corresponding to the period ended on December 31, 2026, may not be presented with comparatives for each quarter of the 2025 fiscal year nor for the period ended on December 31, 2025.

FOURTH.-

The tests carried out by Popular Financial Societies, Community Financial Societies, and Rural Financial Integration Organizations in accordance with paragraphs 48 and 49 of Criterion B-4 "Credit Portfolio" contained in Annex E of the "General Provisions applicable to popular savings and credit entities, integration organizations, community financial societies, and rural financial integration organizations, referred to in the Popular Savings and Credit Law", to determine if the portfolios of credit portfolios outstanding on December 31, 2025 meet the assumption that the cash flows of the contracts correspond only to payments of principal and interest, must be authorized by the credit committee of the Popular Financial Society and, in the case of Community Financial Societies and Rural Financial Integration Organizations, by said committee if they have one, or by the area or person that performs the functions corresponding to said body.

Subsequently, said tests and their results must be delivered in writing to the National Banking and Securities Commission no later than February 27, 2026."

"SIXTH.-

Popular Financial Societies, Community Financial Societies, and Rural Financial Integration Organizations, in order to constitute the total amount of preventive estimates for credit risks that arise from the use of the methodologies that are substituted with this instrument, must observe the determinations of this transitory article.

The initial financial effect shall be understood as the difference resulting from subtracting the reserves that must be constituted in accordance with this instrument, applying the methodology in effect from January 1, 2026, using the total balance of the commercial credit portfolio on December 31, 2025; minus the reserves that were constituted with the methodology in effect until December 31, 2025, using the balance of the commercial credit portfolio on December 31, 2025.

This calculation must be carried out upon the entry into force of this Resolution.

The societies may opt for one of the following alternatives for the constitution of preventive estimates for credit risks:

Recognize in the accounting capital, within the result of prior periods to January 31, 2026, the initial financial effect derived from applying for the first time the credit portfolio classification methodology that corresponds, provided that it is disclosed in the corresponding quarterly and annual financial statements of the 2026 fiscal year, as well as in any public communication of financial information, at least the following:

a) That it opted to recognize the total initial financial effect upon the entry into force of this Resolution.

b) A broad explanation of the accounting record made for the recognition of said effect.

c) A detailed explanation regarding the items and amounts for which the accounting charge was made.

II.

Recognize in the accounting capital, within the result of prior periods, the initial financial effect; that is, the amount of reserves for the commercial credit portfolio corresponding to the month of the calculation, deferred over a period of 24 months counted from January 31, 2026, in accordance with the following formula:

Where:

= Amount of reserves to be recognized in the accounting capital for the commercial credit portfolio corresponding in month i.

= Initial Financial Effect.

For this purpose, the entities must recognize in the statement of financial position 100% of the initial effect for the preventive estimate for credit risks and a deferred charge for the same amount that will be reduced monthly against the result of prior periods, until completing the recognition of the initial effect on December 31, 2027.

Regarding this, the societies must disclose in the corresponding quarterly and annual financial statements of the 2026 and 2027 fiscal years, the effect that derives from what is provided in this fraction, as well as in any public communication of financial information, at least the following:

a) That it opted to carry out the deferred recognition of the initial financial effect, derived from the application of these provisions, over a period of 24 months.

b) A detailed explanation regarding the items and amounts for which the accounting charge was made and its effect on the capitalization index and its components.

The societies must have constituted 100% of the amount of the reserves derived from the use of the methodologies applicable to the commercial credit portfolio, in accordance with this Resolution, by December 31, 2027."

TRANSITORY

SINGLE.-

This Resolution shall enter into force on the day following its publication in the Official Gazette of the Federation.

Respectfully,

Mexico City, December 20, 2024.- President of the National Banking and Securities Commission, Dr. Jesús de la Fuente Rodríguez.- Signature.

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INDICATORS

Exchange Rate and Rates as of 24/08/2026

DOLLAR

16.9018 UDIS

8.806514 TIIE 28 DAYS

6.7961% TIIE 91 DAYS

6.8338% TIIE 182 DAYS

6.8887% TIIE DE FONDEO

6.54%

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