Regulatory Alerts2016-05-25 | DOF 5438725Added
Prudential Rules on Risk Management for Retirement Fund Administrators, Specialized Investment Societies for Retirement Funds, and National SAR Database Operating Companies
The National Commission for the Retirement Savings System establishes prudential rules requiring retirement fund administrators and specialized investment societies to implement comprehensive financial and operational risk management frameworks. These entities must establish a Financial Risk Committee and an Internal Audit Unit to identify, measure, monitor, and limit risks, including conducting stress tests and maintaining strict internal controls over trade execution, settlement, and custody. The regulations mandate specific governance structures, recording requirements for transactions, and contingency plans to ensure the integrity of worker resource management.
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