Regulatory Alerts2016-04-22 | DOF 5434247Added
Resolution modifying general provisions applicable to popular savings and credit entities, integration organisms, community financial societies and rural financial integration organisms under the Popular Savings and Credit Law
The National Banking and Securities Commission modifies general provisions to establish a regulatory capital framework and corrective measures for Popular Financial Societies. It defines net capital composition, classifies societies into four categories based on capitalization levels (131%, 100-131%, 56-100%, and below 56%), and mandates minimum corrective actions for categories 2 through 4, including capital conservation plans and restrictions on dividend payments and executive remuneration.
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