Regulatory Alerts2023-01-20 | DOF 5677498Added
Resolution modifying the General Provisions applicable to Financial Technology Institutions
The National Banking and Securities Commission (CNBV) amends the General Provisions applicable to Financial Technology Institutions (ITFs) to align accounting, valuation, and disclosure rules with International Financial Reporting Standards (IFRS 9) and Mexican Financial Reporting Standards (NIF). The resolution repeals Articles 26, 27, 28, and 29, and modifies Articles 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 30, 33, 36, 37, 38, 39, 40, 42, 50, 99, and 101. It introduces new definitions in Article 2, adds consolidation reporting requirements in Article 98, and replaces Annexes 6, 7, 18, and 19 to establish specific accounting criteria for collective financing and electronic payment fund institutions.
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