Regulatory Alerts2017-07-24 | DOF 5491639Added
Resolution modifying the General Provisions applicable to credit institutions
The National Banking and Securities Commission modifies the General Provisions applicable to credit institutions to align with the Financial Discipline Law for States and Municipalities. The amendments introduce a 0% credit risk weighting for Mexico City credits backed by the Federal Government, mandate annual submission of market condition analysis documents for public entity loans, and require preventive reserves for credit files lacking essential collection information. Credit institutions must comply with these changes within specific deadlines, generally effective the day after publication, with full compliance for existing loans required within one year.
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