Regulatory Alerts2023-01-20 | DOF 5677496Added
Resolution amending, adding, and repealing General Provisions under Article 226 Bis of the Securities Market Law applicable to Investment Advisors
This resolution amends the General Provisions for Investment Advisors to expand non-presential identification methods, allowing the use of digital identification mechanisms such as video conferencing, biometric life tests, and geolocation. It introduces simplified identification requirements for low-risk contracts and mandates the collection of quantitative risk information by the National Banking and Securities Commission. The changes aim to align with FATF digital identification guidelines while maintaining anti-money laundering and counter-terrorist financing safeguards.