Regulatory Alerts2021-09-23 | DOF 5630657Added · Updated
Resolution modifying the General Provisions applicable to credit institutions
The National Banking and Securities Commission amends the General Provisions applicable to credit institutions to introduce seven exceptions to the prior authorization requirements for outsourcing services under Article 317, thereby exempting institutions from filing procedures for specific services such as professional advice, auxiliary services from affiliated entities, and certain payment processing. The resolution expands the definition of acceptable authentication factors for electronic banking login to include Category 3 factors, reflecting advancements in mobile security technologies like asymmetric cryptography. It formally defines the role of the Commissionaire Administrator, clarifies regulations regarding banking correspondents and their operational standards, and strengthens information security requirements to prevent fraudulent transactions and service interruptions. Additionally, the document updates and substitutes Annexes 52, 57, 58, and 59 to align with these regulatory changes.
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