Regulatory Alerts2018-01-26 | DOF 5511504Added
Resolution modifying general provisions applicable to savings and credit entities, integration organisms, community financial societies, and rural financial integration organisms under the Savings and Popular Credit Law
The National Banking and Securities Commission amends general provisions to establish technical requirements for members of the Savings Protection Committee, including credit checks and conflict-of-interest declarations, and updates procedures for paying guaranteed obligations when a Popular Financial Society enters dissolution or bankruptcy. The resolution sets a coverage limit of 25,000 UDIS per person, mandates the maintenance of a minimum saver database, and requires semi-annual verification reports by the Supervision Committee. It also defines calculation methods for joint and solidary accounts and establishes notification and application deadlines for claimants.
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