Regulatory Alerts2017-12-18 | DOF 5508100Added
Resolution modifying general provisions applicable to general warehouse receipts, exchange houses, credit unions and multiple-object financial societies
The National Banking and Securities Commission amends Article 9 of the general provisions applicable to general warehouses, exchange houses, credit unions, and multiple-object financial societies to expand the circumstances under which these entities may request authorization for special accounting records. The amendment explicitly allows the Commission to authorize special accounting records when an entity's solvency or financial stability may be affected. Affected entities must disclose in their financial statements and public communications the existence of such authorization, the specific criteria applied, the amounts that would have been recorded under general criteria, and a detailed explanation of the accounting impact. This resolution entered into force the day following its publication in the Official Gazette on December 18, 2017.
More like this from SHCP
SHCP published 14 documents in the last 30 days. We email you each new one the day it's published.