Regulatory Alerts2017-10-06 | DOF 5500127Added
Resolution modifying general provisions applicable to general deposit warehouses, exchange houses, credit unions and multiple-object financial societies regulated
The National Banking and Securities Commission amends the General Provisions applicable to regulated entities to simplify authorization procedures for credit unions and multiple-object financial societies. The resolution eliminates the requirement to submit a credit report with the initial application and reduces the submission of criminal record and registry reports from two instances to one for proposed directors and officials. It also mandates that applicants provide proof of a valid compliance officer certification and replaces Annexes 24 through 27 with new formats for shareholder information, protest letters, and curricular data.