Resolution modifying the General Provisions applicable to Brokerage Houses

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DOF: 15/12/2021

RESOLUTION modifying the General Provisions applicable to Brokerage Houses

At the margin, a seal with the National Coat of Arms, which says: United Mexican States.- TREASURY.- Ministry of

Treasury and Public Credit.- National Banking and Securities Commission.

The National Banking and Securities Commission, based on articles 205, second paragraph of the

Securities Market Law; 98 Bis of the Credit Institutions Law, as well as 4, fractions III, V, XXXVI

and XXXVIII and 16, fraction I of the National Banking and Securities Commission Law, and

CONSIDERING

That, in accordance with article 78 of the General Law for Regulatory Improvement and with the purpose of reducing the

cost of compliance of this Resolution, the National Banking and Securities Commission by

resolution published in the Official Journal of the Federation on December 26, 2017, reformed the

"General Provisions applicable to credit institutions", with the object of granting an

extension to the deadline to which multiple banking institutions were subject to constitute their

operational risk capital requirements;

That, in terms of the current accounting criteria, the National Banking and Securities Commission instructs

the entities subject to its regulation, to use the exchange rate to establish the equivalence of the

national currency with the United States dollar, being the FIX exchange rate (Fixed Exchange

Rate) published by the Bank of Mexico in the Official Journal of the Federation, a situation that allows maintaining

uniform criteria among said entities;

That the FIX exchange rate is determined by the Bank of Mexico based on an average of

cotizations from the wholesale foreign exchange market for operations settleable on the second next banking business

day and which are obtained from foreign exchange transaction platforms and other electronic means with

representativeness in the foreign exchange market. The Bank of Mexico makes the FIX known from 12:00

hours of all banking business days, it is published in the Official Journal of the Federation one banking business

day after the date of determination and is used to settle obligations denominated in

dollars settleable in the Mexican Republic the day following the publication in said dissemination medium;

That, due to the time that exists between the schedules established for the sampling used for

the determination of the FIX exchange rate in accordance with the applicable regulations issued by the Bank of

Mexico (from 9:00:00 to 9:59:00 hours; from 10:00:00 to 10:59:00 hours, and from 11:00:00 to

12:00:00 hours) and the value of the exchange rate at the close of the operating day used by the entities

to close their operations (14:00 hours), differences arise between the exchange rate for purposes of

recognition in financial information and the exchange rates used in treasury areas;

That, in view of the above, it is necessary to use an exchange rate published by the Bank of Mexico

that considers a wider sample window in order to be consistent with the close of the operating

day, therefore it has resolved to issue the following:

RESOLUTION MODIFYING THE GENERAL PROVISIONS

APPLICABLE TO

BROKERAGE HOUSES

SINGLE.- The Annex 5, Accounting Criteria A-2, paragraph 14 and D-4, paragraphs 32, 39, 40, 43 and 44

of the "General Provisions applicable to brokerage houses", published in the Official Journal of the

Federation on September 6, 2004 and modified through various resolutions published in the cited

diary, are REFORMED, to read as follows:

" ANNEX 5

ACCOUNTING CRITERIA FOR BROKERAGE HOUSES "

"A-2 APPLICATION OF PARTICULAR STANDARDS

Paragraphs 1 to 13 . . .

In the application of NIF B-15, the exchange rate to be used to establish the equivalence of the

national currency with the United States dollar, shall be the closing

exchange rate on the date of the transaction or of the preparation of the financial statements, as

corresponds, published by the Bank of Mexico on its Internet page www.banxico.org.mx,

or the one that replaces it.

14

Paragraphs 15 to 46 . . . "

" D-4 STATEMENT OF CASH FLOWS

Paragraphs 1 to 31 . . .

Effects from changes in the value of cash and cash equivalents

Entities must present in a separate line item, as appropriate, the following:

a)

The effects from conversion referred to in paragraph 42, which arise from having

used different exchange rates for the conversion of the initial balance, the final balance and of

cash flows, from a foreign operation;

b)

The effects from gain or loss on changes in cash and cash equivalents referred to

in paragraph 45, which includes the difference generated by the conversion of the

initial balance of cash and cash equivalents at the closing exchange rate on

the date of close of the previous period that the Bank of Mexico publishes on its Internet

page www.banxico.org.mx, or the one that replaces it, and of the final balance of cash and

cash equivalents at the closing exchange rate of the current period, which

the Bank of Mexico publishes on the aforementioned Internet page;

c)

The effects in the balances of cash and cash equivalents from changes in their value

resulting from fluctuations in their fair value, and

d)

The effects from inflation associated with the balances and the cash flows of any of

the entities that make up the consolidated economic entity and that is in an

inflationary economic environment.

32

Paragraphs 33 to 38 . . .

Conversion of the statement of cash flows of a foreign operation to the reporting currency

In the conversion of the statement of cash flows from the functional currency to the reporting currency

of a foreign operation that is in a non-inflationary economic environment, the

entities must comply with the following:

a)

The cash flows of the period must be converted at the historical closing exchange rate

on the date each flow in question was generated, which shall be the one published by the

Bank of Mexico on its Internet page www.banxico.org.mx, or the one that replaces it;

b)

The initial balance of cash and cash equivalents must be converted at the closing exchange rate

on the date of close of the previous period, which the Bank of Mexico publishes on

the aforementioned Internet page, and

c)

The final balance of cash and cash equivalents must be converted at the closing exchange rate

on the date of close of the current period, which the Bank of Mexico publishes on

the cited Internet page.

39

In the conversion of the statement of cash flows from the functional currency to the reporting currency

of a foreign operation that is in an inflationary economic environment, the

entities must comply with the following:

a)

The cash flows of the period must be converted at the closing exchange rate

on the date of close of the current period, which the Bank of Mexico publishes on its Internet

page www.banxico.org.mx, or the one that replaces it;

b)

The initial balance of cash and cash equivalents must be converted at the closing exchange rate

on the date of close of the current period, which the Bank of Mexico publishes on

the aforementioned Internet page, and

c)

The final balance of cash and cash equivalents must be converted at the closing exchange rate

on the date of close of the current period, which the Bank of Mexico publishes on

the aforementioned Internet page.

40

Paragraphs 41 and 42 . . .

Conversion of balances or cash flows in foreign currency

In order to determine the changes in the balances of operational items in foreign currency

of operational activities, these must be converted at the closing exchange rate published by the Bank of Mexico on its Internet page

www.banxico.org.mx, or the one that replaces it, on the date of close.

43

The cash flows arising from transactions in foreign currency related to

investment and financing activities, shall be converted to the entity's reporting currency

by applying to the amount in foreign currency the closing exchange rate on

the date on which each flow occurred, which shall be the one published by the Bank of Mexico on the

aforementioned Internet page.

44

Paragraphs 45 to 53 . . . "

TRANSITIONAL

SINGLE.- This Resolution shall enter into force as of December 15, 2021.

Respectfully

Mexico City, December 8, 2021.- President of the National Banking and Securities Commission,

Dr. Jesús de la Fuente Rodríguez.- Signature.

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Do Mo Tu We Th Fr Sa

INDICATORS

Exchange Rate and Rates as of 08/28/2026

DOLLAR

16.9712 UDIS

8.808812 TIIE 28 DAYS

6.7559% TIIE 91 DAYS

6.7931% TIIE 182 DAYS

6.8474% TIIE DE FONDEO

6.50%

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