Regulatory Alerts2021-12-23 | DOF 5639153Added · Updated
Resolution modifying the General Provisions applicable to Brokerage Houses
The National Banking and Securities Commission amends the General Provisions applicable to Brokerage Houses to align accounting, valuation, and financial disclosure rules with International Financial Reporting Standards and prudential norms for financial holding groups. The resolution updates Article 1 definitions, modifies Article 131 regarding risk impact reporting, and restructures Title Six to establish new sections on general valuation provisions, internal valuation models, and the hiring of price providers. It replaces Annexes 5, 6, 9, and 10 to define specific accounting criteria, financial indicators, regulatory reports, and responsible parties for information submission.
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