Regulatory Alerts2017-07-24 | DOF 5491644Added
Resolution modifying the General Provisions applicable to development agencies and development entities
The resolution amends Annex 38, Criterion B-2, of the General Provisions applicable to development agencies and entities, specifically adjusting accounting criteria for Infonavit and Fovissste regarding the classification of held-to-maturity securities. It expands the timeframe during which these entities may sell or reclassify such titles before maturity without losing the category, and clarifies requirements for isolated events outside the entities' control. The changes apply prospectively, requiring no reevaluation of prior classifications but mandating disclosure of significant accounting changes in financial statement notes.
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