Regulatory Alerts2021-12-21 | DOF 5638870Added · Updated
Resolution modifying general provisions applicable to holding companies of financial groups and sub-holding companies regulating matters under the joint competence of the National Supervisory Commissions
This resolution amends Articles 2 and 35 and adds a new Title Three (Articles 42-67) to the general provisions applicable to holding companies of financial groups and sub-holding companies. The amendments introduce accounting criteria aligned with IFRS 9, including rules for the classification, valuation, and impairment of financial instruments, as well as hedge accounting. It mandates the use of direct vector valuation for securities, establishes requirements for hiring price providers and internal valuation models, and defines specific disclosure obligations for special accounting records used during financial rehabilitation or corporate restructuring.
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