Resolution modifying the General Provisions applicable to credit institutions

DOF: 04/04/2017

RESOLUTION modifying the General Provisions applicable to credit institutions

A seal bearing the National Coat of Arms, which reads: United Mexican States.- Ministry of Finance and Public Credit.- National Banking and Securities Commission.

The National Banking and Securities Commission, based on Articles 76 and 96 Bis of the Credit Institutions Law, as well as Articles 4, fractions XXXVI and XXXVIII, and 16, fraction I of the National Banking and Securities Commission Law, and

CONSIDERING

That it is opportune to extend the deadline for credit institutions to consider, in the granting of credits secured by real guarantees and other assimilable instruments, the obligation to have evidence of having consulted the Unified Registry of Movable Guarantees referred to in the Commercial Code and the Unified Registry of Certificates, Warehouses, and Goods referred to in the General Law of Organizations and Auxiliary Activities of Credit, with the purpose of determining whether the goods are free of liens or not, has resolved to issue the following:

RESOLUTION MODIFYING THE GENERAL PROVISIONS APPLICABLE TO

CREDIT INSTITUTIONS

SOLE.- Article EIGHTH TRANSITIONAL is ADDED to the "Resolution modifying the General Provisions applicable to credit institutions", published in the Official Gazette of the Federation on January 6, 2017, to read as follows:

"EIGHTH.- Annex 24 of the General Provisions applicable to credit institutions, which is replaced by this Resolution, will enter into force six months following the date of publication of this instrument in the Official Gazette of the Federation."

TRANSITIONAL

SOLE.- This Resolution will enter into force the day following its publication in the Official Gazette of the Federation.

Respectfully

Mexico City, March 28, 2017.- The President of the National Banking and Securities Commission, Jaime González Aguadé.- Signature.

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