Regulatory Alerts2024-02-07 | DOF 5716294Added
Resolution modifying the General Provisions applicable to credit institutions
Article 2 Bis 6, fraction I, subsection n) of the General Provisions applicable to credit institutions is amended to clarify the deduction of deferred costs or expenses from fundamental capital. Specifically, prepayments and deferred charges representing expenditures whose recognition in accounting capital is deferred over time are excluded from deduction if their remaining term for impact on results is equal to or less than one year. This adjustment aligns the regulatory concept with the accounting criteria of Financial Information Standard C-5 regarding prepayments. The Resolution enters into force the day following its publication in the Official Gazette of the Federation.
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