Regulatory Alerts2023-09-13 | DOF 5701735Added · Updated
Resolution modifying the General Provisions applicable to credit institutions
The CNBV amends the General Provisions applicable to credit institutions to replace references to the minimum wage with the Measurement and Update Unit (UMA) as the unit of account, index, base, measure, or reference. The resolution updates definitions for consumer, mortgage, and commercial credits to include UMA-denominated loans and modifies capital requirement calculations for operations indexed to UMA, UDIS, and real interest rates. It establishes transitional rules for institutions holding operations previously indexed to the minimum wage, specifying capital coefficients and reporting requirements until maturity.