Resolution modifying the General Provisions applicable to Financial Technology Institutions

42 OFFICIAL GAZETTE Friday January 20, 2023

RESOLUTION that modifies the General Provisions applicable to Financial Technology Institutions.

At the margin, a seal with the National Coat of Arms, which reads: United Mexican States.- TREASURY.- Ministry of Finance and Public Credit.- National Banking and Securities Commission.

The National Banking and Securities Commission, based on the provisions of Articles 48, first paragraph, and 49, first paragraph of the Law of Financial Technology Institutions; 98 Bis of the Credit Institutions Law; as well as 4, fractions IV, V, XXXVI, and XXXVIII, and 16, fraction I of the Law of the National Banking and Securities Commission, and

CONSIDERING

That in accordance with Article 78 of the General Law for Regulatory Improvement and with the aim of reducing the compliance cost of this Resolution modifying the General Provisions applicable to Financial Technology Institutions (Provisions), the National Banking and Securities Commission (Commission), through this regulatory proposal, repeals Articles 26, 27, 28, and 29, in addition to making clarifications in Articles 23, fractions I and II, 24, and 25 of the aforementioned provisions, in order to eliminate various obligations for Financial Technology Institutions, such as the obligation to request the Commission, when using Internal Valuation Models to obtain the updated price for the valuation of their securities and other financial instruments, the confirmation of the update of the assumptions in which there are disordered conditions or high volatility in financial markets, as well as liquidity or valuation problems; the one consisting in that the methodologies used must be consistent with only two approaches determined by the regulation, giving freedom to these entities to choose the methodology and establish the valuation models that are most convenient, and the one of recognizing on a monthly basis in their accounting the Updated Prices for Valuation of Securities and other financial instruments;

That during the financial crisis that began in 2008, insufficient and late recognition of credit losses was identified as one of the weaknesses in the existing accounting standards, so in July 2014, International Financial Reporting Standard 9 Financial Instruments (International Financial Reporting Standards or IFRS9, by its name and acronym in English) was issued, which was adopted by the Mexican Council of Financial Reporting Standards, A.C. (CINIF), publishing eight new Financial Reporting Standards (NIF) that entered into force on January 1, 2018:

That due to the evolution of the accounting regulations applicable to virtual assets, it has been determined to homologate the recognition, valuation, and disclosure rules applicable to these operations with the regulations issued by CINIF, thereby promoting the comparability of information among entities in the country, and

That, based on the NIF, the National Banking and Securities Commission has undertaken the task of adapting the regulation applicable to entities under its supervision to the new international framework, in order to have transparent financial information comparable with other countries. In this sense, it is necessary to modify the regulatory framework applicable to Financial Technology Institutions, in order to incorporate updates in matters of accounting criteria, approval, dissemination, and content of financial statements, as well as norms in matters of financial information disclosure, which is why it has resolved to issue the following:

RESOLUTION MODIFYING THE GENERAL PROVISIONS APPLICABLE TO FINANCIAL TECHNOLOGY INSTITUTIONS

SOLE ARTICLE.- Articles 12; 13, first paragraph; 14, first paragraph; 15; 16; 17; 18; 19; 20; 21, first paragraph; 22; 23; 24; 25; 30; 33, first paragraph; 36; 37; 38; 39, second paragraph; 40; 42, first paragraph; 50, fraction V, third paragraph; 99, fraction I; and 101, fraction I, as well as in Title Two the name of Chapter IV, to be called "On Accounting, the Valuation of Securities and other Financial Instruments, as well as Virtual Assets, Financial Information and its Disclosure," of its First Section, to be called "On Accounting Criteria," and its Second Section, to be called "On the Valuation of Securities and other Financial Instruments, as well as Virtual Assets"; likewise, the name of Section A of the aforementioned Second Section, to be called "General Provisions"; Article 2 is ADDED with a fraction VIII, with the subsequent ones being moved in their order and content as appropriate; Article 98 is ADDED with a Series R12 called "Consolidation" which comprises reports A-12192 and A-12202; Articles 13, Series B, criterion B-5; 14, Series B, criterion B-5; 26; 27, 28, and 29, members of Section D of the Second Section in Chapter IV of Title Two, as well as 101, fraction III, are REPEALED, and Annexes 6, 7, 18, and 19 of the General Provisions applicable to Financial Technology Institutions, published in the Official Gazette of the Federation on September 10, 2018, and last modified by a modifying resolution published in said dissemination medium on December 15, 2021, are REPLACED, to remain as follows:

FIRST TITLE . . .
SECOND TITLE . . .
Chapters I to III . . .
Chapter IV
On Accounting, the Valuation of Securities and other Financial Instruments, as well as Virtual Assets, Financial Information and its Disclosure First Section On Accounting Criteria Second Section On the Valuation of Securities and other Financial Instruments, as well as Virtual Assets
Section A
General Provisions
Sections B to C . . .
Section D (Repealed)
THIRD and FOURTH TITLES . . .
List of Annexes

ANNEX 1 to 17
ANNEX 18 Regulatory reports of Collective Financing Institutions (IFC)
ANNEX 19 Regulatory reports of Electronic Payment Fund Institutions (IFPE)
ANNEX 20 . . .

Article 2.- . . .
I. to VII. . . .
VIII. Accounting Criteria, to the Accounting Criteria for Collective Financing Institutions and Accounting Criteria for Electronic Payment Fund Institutions referred to in Title Two, Chapter IV, First Section, contained in Annexes 6 and 7 of these provisions.
IX. Destination Accounts, to the receiving accounts of monetary resources that Clients of the collective financing institution register in the corresponding Electronic Medium to carry out Operations.
X. Unblocking, to the process by which the collective financing institution enables the use of an Authentication Factor or Client Identifier that was blocked.
XI. Access Device, to the equipment that allows a Client to access the corresponding Electronic Medium of the collective financing institution.
XII. Information Security Event, to any event, internal or external, related to Clients, third parties contracted by the collective financing institution itself, persons and operational processes, as well as with components of the Technological Infrastructure, devices, physical media, or other elements that store information, among others, that may suppose an impact on the confidentiality, integrity, or availability of the information that such institution manages or knows, or in the Technological Infrastructure itself.
XIII. Authentication Factor, to the Authentication mechanism based on the physical characteristics of the Client, devices, or information that only the Client possesses or knows.
XIV. Collective Capital Financing, to the collective financing operation through which Applicants obtain resources from Investors in exchange for shares representing their social capital.

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XV. Collective Co-ownership or Royalty Financing, to the collective financing operation through which Investors and Applicants enter into participation agreements or any other type of agreement among themselves by which Investors acquire an aliquot part or participation in a present or future asset or in the income, profits, royalties, or losses obtained from the realization of one or more activities or from the projects of the Applicants.
XVI. Collective Debt Financing of Business Loans between Persons, to the collective financing operation in which the Applicants are legal entities or natural persons with business activity and the Investors make contributions:
a) With the aim that the Applicants receive a loan or credit to finance their activities, becoming obligated to pay the principal and, if applicable, accessories to each of the Investors in proportion to their contributions in the Operation. b) With the object of carrying out a financial leasing operation, in which an asset is acquired in the name of the Investors, or of the collective financing institutions in their own name, but on their behalf, and is given in financial lease to the Applicant. For the purposes of the financial leasing operation, the provisions of the General Law of Titles and Credit Operations shall apply. c) With the aim of carrying out a financial factoring operation, in which they acquire part of some credit right that the Applicant has in their favor, with the Applicant remaining jointly and severally liable for its debtor, without said right deriving from loans, credits, or loans that the Applicant had previously granted. For the purposes of the financial factoring operation, the provisions of the General Law of Titles and Credit Operations shall apply.
XVII. Collective Debt Financing of Personal Loans between Persons, to the collective financing operation in which the Applicant is a natural person who obtains a loan of the resources contributed by the Investors, becoming obligated to pay the principal and, if applicable, accessories to each of the Investors in proportion to their contributions in the Operation.
XVIII. Collective Debt Financing for Real Estate Development, to the collective financing operation whose object is for Investors to grant a loan or credit to Applicants destined for the financing of real estate development activities, with the Applicants becoming obligated to pay the principal and, if applicable, accessories to each of the Investors in proportion to their contributions in the Operation.
XIX. Private Capital Fund, to the investment vehicle, trust, mandate, commission, or similar figures constituted under Mexican or foreign laws, whose purpose is to invest in the capital of companies not listed on stock exchanges at the time of investment to promote their development and provide them with financing.
XX. Client Identifier, to the alphanumeric or special character string, device information, or any other information known by both the collective financing institution and the Client, which allows identifying the Client in the Electronic Medium of the collective financing institution.
XXI. Information Security Incident, to the Information Security Event in the collective financing institution when it updates any of the following circumstances:
a) It has compromised the confidentiality, integrity, or availability of a component or the entirety of the Technological Infrastructure with an adverse effect for the collective financing institution, its Clients, third parties, suppliers, or counterparties, among others. b) It violates the Technological Infrastructure compromising the information it processes, stores, or transmits. c) It constitutes a violation of the information security policies and procedures. d) It represents the materialization of a loss, whether by extraction, alteration, or loss of information; by failures derived from the use of hardware, software, systems, applications, networks, and any other channel of information transmission; by unauthorized accesses that result in the improper use of information or systems; by fraud, theft, or interruption of services, attacks on interconnected infrastructures, known as cyberattacks, among others.

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XXII. Sensitive Information, to the personal information of Clients that contains names, addresses, phone numbers, email addresses, or any other data that identifies the Client, together with account numbers, card numbers, and other data of a financial nature, as well as Client Identifiers or Authentication information.
XXIII. Investor, to the natural or legal person who contributes resources or virtual assets to Applicants for the celebration of collective financing operations.
XXIV. Experienced Investor, to any of the following:
a) Financial entities referred to in Article 21, third paragraph of the Law, as well as other financial entities that, in accordance with their legal regime, may act as Investors in the Operations in question. b) Foreign financial entities, provided that the collective financing institution has obtained authorization from the CNBV to receive or make transfers in terms of Article 10 of these provisions. c) Departments and entities of the Federal Public Administration. d) Persons who declare themselves to be in the circumstance indicated in Annex 9 of these provisions.
XXV. Related Investor, one who declares to collective financing institutions to have kinship with the Applicant by blood, affinity, or civil law up to the fourth degree or to be their spouse, concubine, or concubinary.
XXVI. Law, to the Law to Regulate Financial Technology Institutions.
XXVII. Electronic Means, to the equipment, optical media, or any other technology, automated data processing systems, and telecommunications networks, whether public or private, including the Platform, that collective financing institutions use to provide their services.
XXVIII. Personal Identification Number (PIN), to the Password that authenticates a Client in the Electronic Medium of the collective financing institution through a numeric character string.
XXIX. Administrative Body, to the sole administrator or the board of directors of an ITF.
XXX. Business Continuity Plan, to the set of strategies, procedures, and actions that allow, upon verification of Operational Contingencies, the continuity in Operations, activities, or in the realization of critical processes of collective financing institutions, or their timely restoration, as well as the mitigation of impacts resulting from said Operational Contingencies.
XXXI. Security Master Plan, to the document that establishes the security strategy of a collective financing institution in the short, medium, and long term to ensure proper management of information security and prevent Information Security Events from materializing into Information Security Incidents.
XXXII. Platform, to the computer applications, interfaces, Internet pages, or any other electronic or digital communication medium that collective financing institutions use to operate with their Clients.
XXXIII. Collective Financing Application Period, to the period during which a collective financing application can remain published on the Platform of a collective financing institution in order to offer Investors the celebration of an Operation with Applicants.
XXXIV. Credit Information Report, to any of the credit reports issued by credit information societies referred to in Article 36 Bis of the Law to Regulate Credit Information Societies, namely:
a) The one issued by a credit information society that includes the information contained in the databases of other credit information societies. b) Those issued by each of the credit information societies.
XXXV. Session, to the period during which Clients can carry out consultations and Operations, once they have entered the Platform with their Client Identifier.

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XXXVI. SITI, to the Interinstitutional Information Transfer System, which is part of the CNBV's official registry.
XXXVII. Applicant, to the natural or legal person who has requested resources or virtual assets from Investors, through collective financing institutions.
XXXVIII. UDI, to the accounting units called Investment Units established in the Decree establishing the obligations that may be denominated in Investment Units and reforming and adding various provisions of the Federal Tax Code and the Income Tax Law, published in the Official Gazette of the Federation on April 1, 1995, as it may be modified or added from time to time.
XXXIX. User of the Technological Infrastructure, to the person, Client, or physical or logical component that accesses, uses, or operates any component of the Technological Infrastructure of collective financing institutions.

Chapter IV
On Accounting, the Valuation of Securities and other Financial Instruments, as well as Virtual Assets, Financial Information and its Disclosure First Section On Accounting Criteria

Article 12.- ITFs shall adhere to the Accounting Criteria referred to in the provisions of this chapter.

Unless otherwise specified, the terms defined in Article 2 of these provisions are not applicable to this chapter nor to Annexes 6 and 7 of these provisions. Likewise, the terms defined in the aforementioned annexes are not applicable to the rest of these provisions.

Article 13.- The Accounting Criteria for collective financing institutions attached to these provisions as Annex 6 are divided into the series and criteria indicated below:
Series A . . .
Series B
. . .
B-1 to B-4 . . .
B-5 (Repealed)
Series C . . .
Series D . . .

Article 14.- The Accounting Criteria for electronic payment fund institutions attached to these provisions as Annex 7 are divided into the series and criteria indicated below:
Series A . . .
Series B
. . .
B-1 to B-4 . . .
B-5 (Repealed)
Series C . . .
Series D . . .

Article 15.- The CNBV may issue special accounting criteria in case there are conditions of a systemic nature that may affect the solvency or stability of more than one ITF.
. . .

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ITFs must disclose in the explanatory notes to their financial statements and in public financial information communications:

I. That they have authorization from the CNBV to apply the special accounting record in question due to being in a process of financial health or corporate restructuring, or with a special accounting criterion in terms of what is provided in the first paragraph of this article, specifying the period for which authorization is held to apply the record or criterion.

II. A broad explanation of the special criteria or accounting records applied, as well as those that should have been made in accordance with the Accounting Criteria.

III. to V. . . .
. . .

The CNBV may revoke the special criteria or records referred to in this article, when ITFs do not comply with the disclosure requirements indicated above and, where applicable, with the specifications in the application of the authorized special accounting criterion or record.

Second Section
On the Valuation of Securities and other financial instruments, as well as virtual assets

Subsection A
General Provisions

Article 16.- The provisions provided in this Section aim to establish the requirements that ITFs must observe regarding the valuation of Securities and other financial instruments, as well as virtual assets that form part of their statement of financial position.

Article 17.- For the purposes of this Section, the following shall be understood:

I. and II. . . .

III. Observable Input Data, to the data available in the market, such as public information on events, facts, real transactions, or reference rates that are reflected in the price of Securities and other financial instruments, as well as virtual assets.

IV. Internal Valuation Model, to the mathematical procedure developed by ITFs to determine the Updated Price for Valuation of Securities and other financial instruments, as well as virtual assets. Under no circumstances may an Internal Valuation Model be used to determine the Updated Price for Valuation of the financial instruments indicated in fractions I to III of article 18 of these provisions.

V. Structured Operations, those considered as such by the Accounting Criteria applicable to ITFs.

VI. Packages of Derivative Financial Instruments, those considered as such by the Accounting Criteria applicable to ITFs.

VII. Updated Price for Valuation, to the market price or theoretical price, obtained based on algorithms, technical and statistical criteria, for each of the Securities and other financial instruments, as well as virtual assets, contained in a methodology developed by a Price Provider or in an Internal Valuation Model developed by the ITF.

VIII. Price Provider, to the legal entity authorized by the CNBV to operate with such character, in terms of the Securities Market Law.

IX. Vector Direct Valuation, to the procedure of multiplying the number of titles or contracts in position by the Updated Price for Valuation provided by a Price Provider.

X. Securities, those considered as such by the Law and the Securities Market Law.

Article 18.- ITFs must apply Vector Direct Valuation on Securities and other financial instruments that, in accordance with their investment regime and applicable provisions, may form part of their statement of financial position.

ITFs will use Internal Valuation Models to obtain the Updated Price for Valuation, provided they comply with what is established in these provisions and it is not one of the following financial instruments:

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I. . . .

II. Derivative financial instruments that trade on national derivatives exchanges or that belong to markets recognized by the Bank of Mexico.

III. . . .
. . .
. . .

Article 19.- ITFs will recognize the Updated Prices for Valuation daily in their accounting for the determination of the fair value of Securities and other financial instruments, as well as virtual assets that make up their statement of financial position, considering the Updated Price for Valuation that Price Providers calculate daily, or the one calculated through Internal Valuation Models when applicable in terms of these provisions.

Subsection B
. . .

Article 20.- The Administrative Body must approve the hiring of a single Price Provider for the purposes of this Section.

Article 21.- ITFs must notify in writing to the CNBV, through a free format and within ten business days following the celebration of the respective contract, the name of the Price Provider they hire, attaching a copy of the service contract.
. . .

Article 22.- ITFs must request from their Price Provider the necessary information to comply with the disclosure requirements regarding the determination of the Updated Price for Valuation, contained in the Accounting Criteria.

Subsection C
. . .

Article 23.- . . .

I. . . .

a) The Internal Valuation Models and their modifications, which must be homogeneous and consistent for all financial entities that make up the financial group.

b) The methods for estimating the variables used in Internal Valuation Models, which are not provided directly by their Price Provider.

c) . . .

II. In Internal Valuation Models, ITFs must use information regarding interest rates, exchange rates, volatilities, and other inputs provided, where applicable, by their Price Provider, regardless of their characteristics, including information regarding those underlying assets and other financial instruments referred to in article 18, fraction III of these provisions. When the Price Provider does not issue such information, information from other sources may be used, documenting the policies for its obtaining, and prioritizing the use of Observable Input Data.

III. Maintain a record in which the Updated Price for Valuation calculated daily for each of the Securities and other financial instruments, as well as for virtual assets and the information used to perform said calculation is entered. The information referred to in this fraction must be preserved for a period of five years by ITFs.

IV. and V. . . .

VI. Review and validate their Internal Valuation Models prior to the approval referred to in fraction I of this article, as well as carry out periodic review and validation of Internal Valuation Models, in order to verify that they remain accurate and adequate, including for this purpose the periodic review of the validity and update of the interest rates, exchange rates, volatilities, and other reference inputs used by said models and provided by the ITF's Price Provider. The aforementioned review and validation must be carried out by qualified units independent of the persons or business units, which may be the internal audit area or its equivalent, the unit in charge of performing said task.

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When, in accordance with the Accounting Criteria issued by the CNBV applicable to ITFs, they must disaggregate Structured Operations and Packages of Derivative Financial Instruments, they must adhere to the procedures indicated in said Accounting Criteria for the purpose of their disaggregation. Said disaggregation may be performed internally by ITFs or through the contracted Price Provider.

The information indicated in the previous fraction I must be delivered through digital format images, on optical or magnetic media to the CNBV within thirty calendar days following the approval of the Administrative Body, with the exception of modifications to Internal Valuation Models which must be delivered to this authority within two calendar days following their approval.

The CNBV will have the power of veto regarding Internal Valuation Models, as well as regarding modifications to the models themselves or to the inputs used for the determination of the Updated Price for Valuation; said power must be exercised within a period of ten business days counted from the date of receipt of the information referred to in the previous paragraph. Likewise, the information referred to in this article must be duly documented and made available to the CNBV when requested.

Article 24.- ITFs must establish and maintain adequate systems and controls to verify that their valuations are prudent and reliable, as well as document the policies and procedures used in the valuation of their positions, including within the referred documentation, at least the following:

I. The responsibilities of the various areas involved in the valuation process, which must be clearly defined and stipulated.

II. The guidelines for the use of estimation methodologies for variables that are not provided directly by the ITF's Price Provider referred to in article 23, fraction I, subsection b) of these Provisions.

III. The time at which the closing price of positions is determined.

IV. Evidence of verification actions carried out in compliance with the provisions contained in this Subsection.

Article 25.- The internal audit area or its equivalent of ITFs must carry out periodic and systematic reviews in accordance with their annual work program, which allow verifying due compliance with what is established in this Section.

Article 26.- (Repealed)

Subsection D
(Repealed)

Article 27.- (Repealed)

Article 28.- (Repealed)

Article 29.- (Repealed)

Third Section
. . .

Article 30.- ITFs must prepare their basic consolidated financial statements in accordance with the Accounting Criteria referred to in these provisions.
. . .

When these provisions refer to the concept of basic consolidated financial statements of ITFs and it concerns those that lack entities subject to consolidation in accordance with the Accounting Criteria, it shall be understood that reference is made to individual financial statements.

Article 33.- ITFs must include in explanatory notes to the basic consolidated financial statements, the facts considered relevant in accordance with the Accounting Criteria, expressing such circumstance at the foot of these with the following statement: The explanatory notes attached form an integral part of this financial statement.
. . .

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Article 36.- ITFs must disseminate through their Internet page the annual audited basic consolidated financial statements with figures as of December of each year, including their notes, as well as the external audit report performed by the independent external auditor, within ninety calendar days following the closing of the respective fiscal year.
. . .

I. The annual report of the sole administrator or general director, where applicable, which must include the comments and analysis of the administration regarding the operating results and financial situation of the ITF. Said report must contain all information that facilitates the analysis and understanding of important changes occurred in the operating results and in the financial situation of the ITF.
. . .

The undersigned declares, under oath, that, within the scope of my functions, I prepared the information regarding the [crowdfunding institution / electronic payment fund institution] contained in this annual report which, to the best of my knowledge and belief, reasonably reflects its financial situation, its operating results, its changes in equity capital, and its cash flows.

The information that must be included in said report is complementary to that appearing expressly in the basic consolidated financial statements, so it must not only mention the growth or decrement of the different items that make up the basic consolidated financial statements, but the reason for these movements, as well as those events known by the administration that could cause the disseminated information not to be indicative of the financial situation, operating results, changes in equity capital, and cash flows of the ITF. . . .

The analysis and comments on the financial information must refer, among others, to the following topics:

a) The financial situation, liquidity, and capital resources, providing information regarding:

1. The description of internal and external sources of liquidity, as well as a brief description of any other important source of resources not yet used.
2. The dividend payment or profit reinvestment policy that the ITF intends to follow in the future.
3. The policies governing the treasury of the ITF.
4. The credits or tax debts held in the last fiscal year, indicating if they are up to date in their payment.
5. The relevant capital investments that were committed to at the end of the last fiscal year, as well as the detail associated with said investments and the source of financing necessary to carry them out.

b) Regarding crowdfunding institutions, the recent behavior of the concepts related to off-balance sheet items, indicating the main changes occurred in operations by customer accounts, as well as the detail associated with deposits from applicants and investors.

c) The description of the ITF's internal control system in brief.

II. and III. . . .

IV. The description of the type of compensation and benefits that the persons mentioned in fraction III of this article receive collectively from the ITF. If part of the compensation is paid through bonds or share delivery plans of the ITF itself, a brief description of said plans must be provided. Likewise, the total amount planned or accumulated by the ITF for pension, retirement, or similar plans for the persons indicated must be stated.

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Article 37.- ITFs, in addition to what is provided in these provisions, must disseminate through their Internet page the basic consolidated financial statements with figures as of March, June, and September, within the month immediately following their date, including their notes that, according to relative importance as a characteristic associated with relevance referred to in Financial Information Standard A-4 Qualitative characteristics of financial statements or the one that replaces it, of the Financial Information Standards issued by the Mexican Council for Financial Information Standards, A.C., must at least contain the following information:

I. to VIII. . . .

IX. Nominal amounts of derivative financial instruments by type of instrument and by underlying.

X. Results from valuation and, where applicable, from buying and selling, recognized in the reference period, classifying them according to the type of operation that gave rise to them, such as investments in financial instruments, repurchase agreements, and derivative financial instruments, among others.

XI. to XIV. . . .

XV. The modifications that have been made to the policies, practices, and Accounting Criteria in accordance with which the basic consolidated financial statements were prepared. In case of relevant changes in the application of such policies, practices, and Accounting Criteria, the reasons and their impact must be disclosed.

XVI. . . .

XVII. Shareholding by subsidiary.

The information referred to in fraction XIV regarding transactions carried out with related parties must be disseminated jointly with the basic consolidated financial statements referred to in this article, only when there are relevant modifications to the information required in this.

Without prejudice to the foregoing, ITFs must disseminate jointly with the basic consolidated financial statements referred to in this article, what is provided in article 36, fraction I of these provisions. Likewise, they must disseminate with said quarterly basic consolidated financial statements, what is provided by article 36, fractions II to IV of these provisions, only when there are relevant modifications to the information required in these.

Regarding the annual report relative to the comments and analysis of the administration on the operating results and financial situation of ITFs, referred to in article 36, fraction I of these provisions, an update to said report must be made, comparing the figures of the quarter in question, at least with those of the immediately preceding quarter, as well as with those of the same quarter of the immediately preceding fiscal year, except regarding the statement of financial position, in which case the comparison must be made of the figures of the interim period in question, with those of the immediately preceding annual closing. Likewise, the information required in subsection c), regarding internal control only, must be incorporated into the aforementioned update only when there are relevant modifications in said information.

Such update must be signed by the same officials referred to in article 36, fraction I of these provisions and include at the foot the legend provided in said fraction.

Article 38.- ITFs, in the dissemination of the information referred to in articles 36 and 37 of these provisions, must disclose the information that the CNBV has requested them, in the issuance or authorization, where applicable, of special criteria or accounting records based on the Accounting Criteria for ITFs, as well as the other information that the CNBV itself determines when it considers it relevant, in accordance with the Accounting Criteria.

Article 39.- . . .

ITFs, when disseminating through their Internet page the information referred to in articles 36, 37, and 38 of these provisions, as well as in the first paragraph of this article, must maintain it in said dissemination medium, for at least five quarters following its date in the case of information published quarterly, and for three years following its date in the case of annual information. . . .

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Article 40.- ITFs that are part of a financial group will not be obliged to disseminate the information indicated in article 36, fraction I of these provisions and the update referred to in the penultimate paragraph of article 37 of these provisions, as well as that contained in the fractions of said article 37, provided that the controlling society of the financial group to which the ITF itself belongs, prepares and disseminates that which corresponds to said society, in compliance with the provisions in this matter issued by the competent authorities.

Article 42.- The CNBV may order corrections to the basic consolidated financial statements subject to dissemination or publication, in the event that there are facts considered relevant in accordance with the Accounting Criteria.
. . .

Article 50.- . . .

I. to IV. . . .

V. . . .
. . .

In the case of Experienced Investors referred to in subsection d) of fraction XXIV of article 2 of these provisions, crowdfunding institutions will obtain the manifestation contained in Annex 9 of these provisions, as well as the supporting documentation, at the beginning of their contractual relationship or at the moment when the Investors request to obtain the status of Experienced Investor in accordance with these provisions. . . .

Article 98.- . . .

Series R01 . . .

Series R08 . . .

Series R10 . . .

Series R12 Consolidation
A-12192 Consolidation of the statement of financial position of the crowdfunding institution with its subsidiaries A-12202 Consolidation of the statement of comprehensive income of the crowdfunding institution with its subsidiaries

Series R13 . . .

Series R27 . . .

Article 99.- . . .

I. Monthly, the information relative to series R01, R08, R10, R12, and R13, exclusively with respect to reports B-13212 and B-13222, which must be provided within the month immediately following the closing of the calendar month being reported.

II. . . .

Article 101.- . . .

I. Monthly, the Information relative to series R01, R08, R10, R13, exclusively with respect to reports B-13211 and B-13221 and R26, which must be provided within the month immediately following the closing of the calendar month being reported.

II. . . .

III. (Repealed).

TRANSITORY PROVISIONS

FIRST.- This Resolution will enter into force on January 1, 2024, except as indicated in the SECOND TRANSITORY ARTICLE below.

SECOND.- Article 101, fraction I that is modified with this instrument, will enter into force the day following its publication in the Official Gazette of the Federation insofar as it concerns the periodicity of the regulatory report R26.

Respectfully,
Mexico City, January 4, 2023.- President of the National Banking and Securities Commission, Dr. Jesús de la Fuente Rodríguez.- Rubric.

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ANNEX 6
Accounting Criteria for Crowdfunding Institutions

CONTENTS

Series A. Criteria relating to the general scheme of accounting for crowdfunding institutions A - 1 Basic scheme of the set of accounting criteria applicable to crowdfunding institutions A - 2 Application of particular standards A - 3 Application of general standards A - 4 Suppletive application to accounting criteria

Series B. Criteria relating to the concepts that make up the financial statements B - 1 Cash and cash equivalents B - 2 Repos B - 3 Custody and administration of assets B - 4 Mandate B - 5 Repealed

Series C. Criteria applicable to specific concepts C - 1 Securitization operations

Series D. Criteria relating to the basic financial statements D - 1 Statement of financial position D - 2 Statement of comprehensive income D - 3 Statement of changes in equity D - 4 Statement of cash flows

A-1 BASIC SCHEME OF THE SET OF ACCOUNTING CRITERIA APPLICABLE TO CROWDFUNDING INSTITUTIONS

Objective

This criterion aims to define the basic scheme of the set of accounting guidelines applicable to crowdfunding institutions (the entities).

Concepts that make up the basic structure of accounting in the entities

The accounting of the entities shall comply with the basic structure defined by the Mexican Council of Financial Reporting Standards, A.C. (CINIF), in NIF A-1 Conceptual framework of financial reporting standards (NIF A-1), for the application of Financial Reporting Standards (NIF).

Therefore, the entities shall consider in the first instance the standards contained in NIF A-1, as well as that established in criterion A-4 Suppletive application to accounting criteria.

In this way, the entities shall observe the accounting guidelines of the NIF, except when, in the judgment of the National Banking and Securities Commission (CNBV), it is necessary to apply specific accounting regulations or criteria, taking into consideration that the entities carry out specialized operations.

The CNBV regulations referred to in the preceding paragraph shall be at the level of recognition, valuation, presentation, and, where applicable, disclosure standards, applicable to specific items within the entities' financial statements, as well as those applicable to their preparation.

The application of accounting criteria, nor the concept of suppletoriness, shall not apply in the case of operations that are not permitted or are prohibited by express legislation, or that are not expressly authorized to the entities.

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A-2 APPLICATION OF PARTICULAR STANDARDS

Objective and scope

This criterion aims to specify the application of particular standards of the NIF, as well as clarifications thereof.

The subject matter of this criterion is:
a) the application of some of the particular standards made known in the NIF, and b) the clarifications to the particular standards contained in the NIF.

Financial Reporting Standards

In accordance with what is established in criterion A-1 Basic scheme of the set of accounting criteria applicable to crowdfunding institutions, the entities shall observe, until there is an express pronouncement by the CNBV, the particular standards contained in the bulletins or NIF detailed below, or in the NIF that replace or modify them:

Series NIF B Standards applicable to financial statements as a whole Accounting changes and corrections of errors.................................................................................................... B-1 Segment reporting............................................................................................................................................ B-5 Business combinations.................................................................................................................................... B-7 Consolidated or combined financial statements ............................................................................................. B-8 Interim financial reporting............................................................................................................................... B-9 The effects of inflation ..................................................................................................................................... B-10 Disposal of long-lived assets and discontinued operations ........................................................................... B-11 Offsetting financial assets and financial liabilities ......................................................................................... B-12 Events after the reporting period.................................................................................................................... B-13 Earnings per share........................................................................................................................................... B-14 Foreign currency translation .......................................................................................................................... B-15 Fair value measurement .................................................................................................................................. B-17

Series NIF C Standards applicable to specific concepts of the financial statements Investment in financial instruments............................................................................................................... C-2 Trade and other receivables ........................................................................................................................... C-3 Prepayments................................................................................................................................................... C-5 Property, plant and equipment....................................................................................................................... C-6 Investments in associates, joint ventures and other investments.................................................................. C-7 Intangible assets ............................................................................................................................................. C-8 Provisions, contingencies and commitments ................................................................................................. C-9 Derivative financial instruments and hedging relationships .......................................................................... C-10 Equity.............................................................................................................................................................. C-11 Financial instruments with characteristics of liabilities and equity ............................................................... C-12 Related party disclosures .............................................................................................................................. C-13 Transfer and derecognition of financial assets............................................................................................... C-14 Impairment of long-lived assets .................................................................................................................... C-15 Impairment of receivable financial instruments............................................................................................. C-16

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Obligations associated with the retirement of property, plant and equipment ............................................ C-18 Financial liabilities.......................................................................................................................................... C-19 Financial assets for collecting principal and interest ...................................................................................... C-20 Joint control agreements................................................................................................................................ C-21 Cryptocurrencies ............................................................................................................................................ C-22

Series NIF D Standards applicable to income determination problems Revenue from contracts with customers ....................................................................................................... D-1 Costs from contracts with customers ............................................................................................................. D-2 Employee benefits........................................................................................................................................... D-3 Income taxes................................................................................................................................................... D-4 Leases.............................................................................................................................................................. D-5 Capitalization of comprehensive financing income ....................................................................................... D-6 Share-based payments.................................................................................................................................... D-8

Likewise, the glossary of terms of the NIF shall be applicable, with respect to the NIF detailed in this paragraph. Additionally, the entities shall observe the NIF issued by CINIF on topics not foreseen in the accounting criteria for crowdfunding institutions, provided that:
a) they are in force; b) they are not applied in advance to their effective date; c) they do not contravene the philosophy and general concepts established in the accounting criteria for crowdfunding institutions, and d) there is no express pronouncement by the CNBV.

Clarifications to the particular standards contained in the NIF

Taking into consideration that the entities carry out specialized operations, it is necessary to establish clarifications to adapt the particular standards of recognition, valuation, presentation, and, where applicable, disclosure, established by CINIF. Therefore, the entities, when observing what is established in the preceding paragraphs, shall comply with the following:

B-9 Interim financial reporting

The provisions of NIF B-9 shall be applied to the financial information issued at interim dates, including the quarterly information that must be published or disseminated through the Internet page corresponding to the entity itself, in accordance with the General Provisions applicable to Financial Technology Institutions published by the CNBV (the Provisions).

For the purposes of disclosing information issued at interim dates, the entities shall observe the provisions relating to the disclosure of financial information contained in criterion A-3 Application of general standards.

B-10 The effects of inflation

Determination of the monetary position

In the case of an inflationary environment, based on what is stated in NIF B-10, the entities shall disclose the opening balance of the main monetary assets and liabilities used to determine the monetary position of the period, differentiating, where applicable, those that affect those that do not affect the financial margin.

Price index

The entities shall use the value of the Investment Unit (UDI) as the price index.

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B-11 Disposal of long-lived assets and discontinued operations

The entities shall disclose the breakdown of the net amount generated by discontinued operations required in paragraph 60.1 a) of NIF B-11, as well as the amount of income from continuing operations and from discontinued operations attributable to the controlling interest referred to in paragraph 60.1 d) of the aforementioned NIF, instead of presenting such information in the statement of comprehensive income.

B-15 Foreign currency translation

In the application of NIF B-15, the exchange rate to be used to establish the equivalence of the national currency with the United States dollar shall be the closing daily exchange rate on the date of the transaction or preparation of the financial statements, as applicable, published by the Bank of Mexico on its Internet website www.banxico.org.mx or the one that replaces it.

In the case of currencies other than the United States dollar, they shall convert the respective currency to United States dollars. To carry out such conversion, they shall consider the quotation that applies to the corresponding currency in relation to the aforementioned dollar in international markets, as established by the Bank of Mexico in the applicable regulation.

Likewise, the amount of operations denominated in foreign currency by the most relevant currencies for the entity, as well as the exchange rate used and its equivalent in national currency, shall be disclosed in the notes to the financial statements, in accordance with what is stated in the two preceding paragraphs.

B-17 Fair value measurement

The entities, in the determination of fair value, shall consider the following:
a) Regarding the financial instruments referred to in fractions I to III of article 18 of the Provisions, they shall not apply what is established in this NIF, but must adhere at all times to what is established in Sections A and B of the Second Section of Chapter IV of Title Two of the Provisions. b) Regarding financial instruments other than those indicated in the previous subsection, as well as virtual assets, in addition to what is established in Section C of the Second Section of Chapter IV of Title Two of the Provisions, they shall consider what is established in NIF B-17. The entities shall not classify as Level 1 the updated prices for valuation that they determine through the use of internal valuation models. Additionally, they shall make the following disclosures:
i) The type of virtual asset and/or financial instrument to which an internal valuation model is applicable. ii) When the volume or level of activity has decreased significantly, they shall explain the adjustments, if any, that have been applied to the updated price for valuation. c) In the case of assets or liabilities other than those indicated in the preceding fractions, NIF B-17 shall be applied when another particular NIF or accounting criterion requires or allows fair value valuations and/or disclosures thereof.

C-2 Investment in financial instruments

The exception to irrevocably designate, upon initial recognition, a financial instrument to collect or sell, to be subsequently valued at fair value with effects in net income, referred to in paragraph 32.6 of NIF C-2, shall not be applicable to the entities.

Reclassifications

Entities that carry out reclassifications of their investments in financial instruments under the provisions of section 44 of NIF C-2 shall inform this fact in writing to the CNBV within 10 business days following the authorization issued for such purposes by the Entity's Risk Committee or, in its absence, its Board of Directors, detailing the change in the business model that justifies it.

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C-3 Trade and other receivables

Scope

The NIF C-3 shall only be applicable to the other trade and other receivables referred to in paragraph 20.1 of said NIF. 17 For the purposes of NIF C-3, trade and other receivables derived from the operations referred to in criterion B-2 Repos, issued by the CNBV, shall not be included. This is because the recognition, valuation, presentation, and disclosure standards applicable are contemplated therein.

C-10 Derivative financial instruments and hedging relationships

In addition to the terms included in NIF C-10 and defined in the glossary contained in the NIF, the following shall be considered:

Synthetic operations with derivative financial instruments. - Operations where one or more derivative financial instruments participate and, in some cases, non-derivative assets or liabilities, forming together a specific position.

Spot price. - Price or equivalent of the underlying, valid in terms established by regulations or market conventions from the date of operation. In the case of currencies, the spot price shall be the exchange rate for valuation purposes referred to in paragraph 11 of this criterion.

Likewise, the entities shall observe the following criteria:

Structured operations and packages of derivative financial instruments

Structured operations and packages of derivative financial instruments have the following characteristics:
a) Structured operations: In these operations, there is a main contract referring to non-derivative assets or liabilities (generally bond issuances or other debt securities), and a derivative portion represented by one or more derivative financial instruments (generally options or swaps). The derivative portions of structured operations do not constitute embedded derivative financial instruments, but independent derivative financial instruments. Unlike synthetic operations with derivative financial instruments, structured operations must necessarily be covered under a single contract. To carry out hedging operations with structured instruments, the entities must previously have express authorization from the CNBV. b) Packages of derivative financial instruments: The derivative financial instruments interact with each other in a single operation, without any portion that does not meet all the characteristics of a derivative financial instrument.

Recognition and valuation standards for derivative financial instruments

The entities, in the recognition and valuation of derivative financial instruments, shall consider the following:

Packages of derivative financial instruments that trade in a recognized market as a single financial instrument shall be recognized and valued jointly (i.e., without disaggregating each derivative financial instrument individually), while packages of derivative financial instruments not traded in a recognized market shall be recognized and valued disaggregated by each derivative financial instrument that makes up said packages.

In the case of derivative financial instruments traded in recognized markets or exchanges, it shall be considered that the rights and obligations related thereto have expired when the risk position is closed, that is, when a derivative of a contrary nature of the same characteristics is effected in said market or exchange (for example, when a purchase future is contracted to cancel the effects of a sale future [issued] on the same underlying, with the same maturity date and, in general, under conditions that neutralize the gains or losses of one and the other).

Regarding derivative financial instruments not traded in recognized markets or exchanges, it shall be considered that the rights and obligations related thereto have expired when they reach maturity; the rights are exercised by either party, or such rights are exercised in advance by the parties in accordance with the conditions established therein and the agreed consideration is settled.

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Presentation in the statement of financial position

In the case of structured operations, the presentation of the portion or portions of the derivative financial instruments shall be separate from that corresponding to the main contract; therefore, the presentation guidelines shall follow the type or types of non-derivative financial assets (or non-derivative financial liabilities), as well as embedded derivative financial instruments in the structured operation.

In the case of packages of derivative financial instruments that trade on a recognized market as a single instrument, such package shall be presented jointly (that is, without disaggregating each derivative financial instrument individually), in the line item of derivative financial instruments (debit balance), or derivative financial instruments (credit balance), in the statement of financial position.

In the case of packages of derivative financial instruments not traded on a recognized market, their presentation in the statement of financial position of the entities shall follow the guidelines established for each derivative financial instrument individually, in the line item of derivative financial instruments (debit balance), or derivative financial instruments (credit balance), as applicable.

C-13 Related Parties

For the purpose of complying with the disclosure standards contained in NIF C-13, entities shall additionally consider as a related party:

a) The members of the board of directors or executive board of the controlling company or of the financial entities and companies that are part of the financial group to which, if applicable, it belongs;

b) Persons other than key management personnel, relevant executives, or employees who, through their signature, can generate obligations for the entity;

c) Legal entities in which the key management personnel or relevant executives of the entity are board members, administrators, or occupy any of the first three hierarchical levels in said legal entities, and

d) Legal entities in which any of the persons indicated in the preceding subsections, as well as in NIF C-13, have command power, understood as the factual capacity to decisively influence the agreements adopted in shareholders' meetings or board of directors' sessions, or in the management, conduct, and execution of the business of the entity in question or of the legal entities it controls.

In addition to the disclosures required by NIF C-13, entities shall disclose in aggregate, through notes to the financial statements, for related party transactions that may be carried out, the following information:

a) A generic description of the transactions, such as:

• Credits received;
• Transactions with financial instruments in which the issuer and the holder are related parties;
• Repos;
• Derivative financial instruments;
• Hedging transactions, and
• Those carried out through any person, trust, entity, or other legal figure, when the counterparty and source of payment for said transactions depend on a related party.

b) Any other information necessary for the understanding of the transaction, and

c) The total amount of employee benefits granted to the key management personnel or relevant executives of the entity.

Disclosure of related party transactions is only required if they represent more than 1% of the net capital of the month prior to the date of preparation of the corresponding financial information. Net capital shall be determined in accordance with the capital requirements established by the CNBV through the Provisions.

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C-14 Transfer and Derecognition of Financial Assets

With respect to the collateral received referred to in paragraph 44.7 of NIF C-14, the recipient shall recognize the received collateral in off-balance sheet accounts. In cases where the recipient has the right to sell or pledge the collateral, the transferor shall reclassify the asset in its statement of financial position, presenting it as restricted.

Recognition of Financial Assets

When the transfer results in the derecognition of the financial asset by the transferor, the recipient entity shall recognize a financial asset (or portion thereof) or a group of financial assets (or portion of said group) in its statement of financial position, if and only if, it acquires the rights and contractual obligations related to said financial asset (or portion thereof). For this purpose, the entity shall:

a) Recognize the received financial assets at their fair value, which presumably corresponds to the price agreed upon in the transfer transaction. Subsequently, said assets shall be valued according to the applicable criterion in accordance with their nature.

b) Recognize the new rights obtained or new obligations incurred as a result of the transfer, valued at their fair value.

c) Derecognize the consideration granted in the transaction at its net book value (for example, considering any associated estimate) and recognize in the results of the period any unamortized item related to said consideration.

d) Recognize in the results of the period any difference, if any, arising from the transfer transaction.

C-16 Impairment of Receivable Financial Instruments

Estimation of Expected Credit Losses

Entities shall create, for their receivables, if applicable, an estimate that reflects their degree of uncollectibility. Such estimate shall be obtained by applying what is set forth in section 42 of NIF C-16.

With respect to immediate collection documents not collected referred to in criterion B-1 Cash and Cash Equivalents, after 15 natural days following the date on which they were transferred to the line item that gave rise to them, they shall be classified as past-due receivables and an estimate shall be simultaneously established for their total amount.

When the entity uses the practical solutions referred to in paragraph 42.6 of NIF C-16, the establishment of estimates shall be for the total amount of the receivable and shall not exceed the following deadlines:

a) 60 natural days following their initial registration, when they correspond to unidentified debtors, and

b) 90 natural days following their initial registration, when they correspond to identified debtors.

No estimate of expected credit losses shall be established for:

a) Tax balances in favor, and

b) Creditable value-added tax.

C-19 Payable Financial Instruments

Scope

For the purposes of NIF C-19, liabilities related to the transactions referred to in criterion B-2 are not included, as these are contemplated in said criterion.

Securities Liabilities

In addition to the disclosures required in NIF C-19 itself, the characteristics of the issuance of the credit titles, amount, number of titles in circulation, par value, discount or premium, rights and form of redemption, guarantees, maturity, interest rate, effective interest rate, amount amortized of the discount or premium in results, amount of issuance expenses and other related expenses, and the proportion that the authorized amount bears to the issued amount shall be disclosed in notes to the financial statements.

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Bank Loans and Loans from Other Entities

Entities shall disclose in notes to the financial statements the total amount of bank loans, as well as those from other entities, indicating for both the type of currency, as well as the maturity terms, guarantees, and average weighted rates to which, if applicable, they are subject.

In the case of credit lines received by the entity in which not the entire authorized amount is utilized, the unused portion thereof shall not be presented in the statement of financial position. However, entities shall disclose through notes to the financial statements the unused amount, in accordance with what is established in criterion A-3, regarding the disclosure of financial information.

Initial Recognition of a Payable Financial Instrument

What is established in paragraph 41.1.1 item 4 of NIF C-19 regarding using the market rate as the effective interest rate in the valuation of the payable financial instrument when both rates are substantially different shall not be applicable.

Payable Financial Instruments Valued at Fair Value

The exception for irrevocably designating at initial recognition a payable financial instrument to be subsequently valued at fair value with effect in net income, referred to in section 42.2 of NIF C-19, shall not be applicable to entities.

C-20 Financial Instruments to Collect Principal and Interest

Initial Recognition of a Financial Instrument to Collect Principal and Interest

What is established in paragraph 41.1.1 item 4 of NIF C-20 regarding using the market rate as the effective interest rate in the valuation of the financial instrument to collect principal and interest when both rates are substantially different shall not be applicable.

Fair Value Option

The option to irrevocably designate at initial recognition a financial instrument to collect principal and interest, to be subsequently valued at fair value with effect in net income, referred to in paragraph 41.3.4 of NIF C-20, shall not be applicable to entities.

Loans to Officials and Employees

Interest arising from loans to officials and employees shall be presented in the statement of comprehensive income in the line item of other income (expenses) from operations.

C-22 Cryptocurrencies

The virtual assets referred to in the Law to Regulate Financial Technology Institutions (Fintech Law) are within the scope of NIF C-22.

In addition to the disclosures indicated in NIF C-22 itself, entities shall disclose in notes to the financial statements, for each type of risk generated by virtual assets, the following:

a) The exposure to risk and how it arises, including, among others, market and technological risk;

b) Their objectives, policies, and processes to identify, measure, monitor, and limit, control, and report the quantifiable risks to which they are exposed and the relationship these bear among themselves, considering, where appropriate, non-quantifiable risks. Likewise, those risks that individually might seem insignificant but that collectively with other risks could have the capacity to affect the solvency, liquidity, or financial viability of the entity shall be taken into account, and

c) Any changes in relation to what was disclosed in the preceding subsections.

D-3 Employee Benefits

Notes to the financial statements shall disclose the identification of obligations for employee benefits in: short-term direct benefits, long-term direct benefits, termination benefits, and post-employment benefits.

D-4 Income Taxes

With respect to the disclosure required in NIF D-4 itself regarding the concepts of temporary differences, those differences related to the financial margin and to the main operations of the entities shall additionally be disclosed.

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A-3 APPLICATION OF GENERAL STANDARDS

Objective and Scope

The purpose of this criterion is to clarify the establishment of general application standards that entities shall observe.

The subject matter of this criterion is the establishment of general standards that must be considered in the recognition, valuation, presentation, and disclosure applicable for the accounting criteria for collective financing institutions.

Restricted Assets

These are considered to be all assets with respect to which there are circumstances under which they cannot be disposed of or used, and must remain in the same line item from which they originated.

Likewise, those assets arising from transactions that do not settle on the same day, that is, are received with a value date different from the transaction date, shall be considered part of this category. In the case of margin accounts that entities grant to the clearing house for transactions with derivative financial instruments carried out on recognized markets or exchanges, they shall adhere to what is established in NIF C-10 Derivative Financial Instruments and Hedging Relationships.

For this type of asset, this fact and its balance by type of transaction shall be disclosed in a note to the financial statements.

Goods Promised for Sale or with Retention of Title

In cases where a promise of purchase or sale contract with retention of title is entered into, the good shall be recognized as restricted, according to the type of good in question, at the same book value it had on the date of signing said contract, even if a higher price was agreed upon. Said good shall follow the same valuation, presentation, and disclosure standards, in accordance with the applicable accounting criteria corresponding to it.

Payments received on account of the good shall be recorded in liabilities as an advance receipt. 6

On the date the good promised for sale or subject to purchase and sale with retention of title is disposed of, the profit or loss generated shall be recognized in the results of the period as other income (expenses) from operations.

In the event that the contract is rescinded, the good shall cease to be recognized as restricted, and those advance payments over which the entity may dispose or must settle in accordance with the conditions of the contract, shall be recognized in the results of the period as other income (expenses) from operations, or as other accounts payable, as applicable.

Settlement Accounts

Regarding the active and passive transactions carried out by entities, for example, in matters of investments in financial instruments, repos, derivative financial instruments, and virtual assets, once these reach their maturity and while the corresponding settlement is not received or delivered, as agreed in the respective contract, the amount of the receivable or payable transactions past due shall be recorded in settlement accounts (receivables or payables for settlement of transactions).

Likewise, for transactions in which immediate settlement or same-day value date is not agreed upon, including foreign exchange sales and purchases, on the transaction date, the amount receivable or payable shall be recorded in settlement accounts, until its settlement is effected. The corresponding estimate of expected credit losses for the aforementioned receivable amounts shall be determined in accordance with what is established in NIF C-16 Impairment of Receivable Financial Instruments.

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For the purposes of presenting the financial statements, settlement accounts shall be presented in the line item of other accounts receivable (net) or other accounts payable, as applicable. The balance of debtor and creditor settlement accounts may be offset in terms of what is established by the offsetting rules provided in NIF B-12 Offset of Financial Assets and Financial Liabilities.

With respect to the transactions referred to in paragraph 10, the receivable or payable balance shall be disclosed, for each type of transaction from which they originate (foreign exchange, virtual assets, investments in financial instruments, repos, etc.), specifying that these are transactions agreed upon in which settlement is pending.

Various Estimates and Provisions

Estimates or provisions with undefined and/or unquantifiable purposes shall not be created, increased, or decreased against the results of the period. In any case, entities shall comply with the regulation that the CNBV indicates regarding the determination of estimates and/or provisions.

Trusts

When entities acquire certificates or contribution certificates, fiduciary rights certificates, residual interests, or any other title, contract, or document that grants their holder participation in the possible excess or remainder that, if applicable, the trust or recipient generates, it shall be evaluated whether such participation grants control, joint control, or significant influence in accordance with what is established in the corresponding NIFs. In any case, financial assets representing the residual participation of a securitization vehicle shall be presented in the concept Benefits on the Remainder in Securitization Transactions of the line item Benefits Receivable in Securitization Transactions in the statement of financial position.

Accrued Interest

Accrued interest for the different asset or liability line items shall be presented in the statement of financial position together with their corresponding principal.

Recognition or Derecognition of Assets and/or Liabilities

The recognition or derecognition in the financial statements of assets and/or liabilities, including those arising from foreign exchange sales and purchases, investments in financial instruments, repos, virtual assets, derivative financial instruments, and issued securities, shall be carried out on the date they economically affect the entity, regardless of the settlement date or delivery of the good.

Disclosure of Financial Information

Regarding the disclosure of financial information, what is established in NIF A-1, Chapter 80, Presentation and Disclosure, shall be taken into account, with respect to the fact that the responsibility for providing information on the economic entity rests with its administration, and said information must meet certain qualitative characteristics, such as relevance, faithful representation, comparability, verifiability, timeliness, and understandability, based on what is provided in NIF A-1, Chapter 40, Qualitative Characteristics of Financial Statements.

Entities, in compliance with the disclosure standards provided in these accounting criteria, shall consider materiality in terms of NIF A-1, Chapter 40 Qualitative Characteristics of Financial Statements, that is, they shall show the most significant aspects of the entity recognized accounting-wise as indicated by that characteristic associated with relevance.

The foregoing implies, among other elements, that materiality requires the exercise of professional judgment regarding the circumstances that determine the facts reflected in the financial information. In the same sense, an appropriate balance must be obtained between the qualitative characteristics of the financial information in order to fulfill the objective of the financial statements, for which an optimal point must be sought rather than the achievement of maximum levels of all qualitative characteristics.

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However, with respect to materiality, this shall not be applicable to the information:

a) required by the CNBV through other general provisions to that effect issued, distinct from those contained in these criteria;

b) additional specific required by the CNBV, related to its supervisory activities, and

c) required through the issuance or authorization, if applicable, of special accounting criteria or records.

Disclosures Relative to the Determination of Fair Value

Entities, with respect to the Current Price for Valuation provided by the price provider in the determination of fair value in accordance with the accounting criterion or corresponding NIFs, shall disclose, at a minimum, the following:

a) The level of the hierarchy of the current price for valuation (or fair value hierarchy) within which the determinations of fair value are classified, in accordance with the following:

i. Level 1, highest level, corresponding to prices obtained exclusively with Level 1 input data.

ii. Level 2, prices obtained with Level 2 input data.

iii. Level 3, lowest level, for those prices obtained with Level 3 input data.

b) In case there is any change in the valuation model, that change and the reasons for making it shall be disclosed.

c) When there are changes from one period to another in the classification of the hierarchy of the current price for valuation with respect to the same value, virtual asset, or financial instrument:

i. The amounts of transfers between Level 1 and Level 2 of the hierarchy of the current price for valuation.

ii. The amounts of transfers to or from Level 3 of the hierarchy of the current price for valuation.

d) For those current prices for valuation classified in Level 3, a reconciliation of opening balances with closing balances, disclosing separately the changes during the period attributable to total gains or losses of the period recognized in net income and those recognized in other comprehensive income (OCI).

e) When there is a significant decrease in the volume or level of activity in relation to the normal market activity for a certain value or financial instrument, or, in the presence of disordered conditions, the adjustments that have been applied, if any, to the current price for valuation shall be explained.

f) The name of the price provider that, if applicable, provided the current price for valuation or the input data for its determination through internal valuation models.

Quantitative information shall be disclosed in tabular format, unless another format is more appropriate.

Valuation of the UDI

The value to be used shall be that made known by the Bank of Mexico in the Official Gazette of the Federation (DOF), applicable on the date of valuation.

Valuation of the UMA

The value to be used shall be that of the measurement and update unit corresponding, approved by the National Institute of Statistics and Geography and made known in the DOF, applicable on the date of valuation.

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A-4 SUPPLEMENTARY APPLICATION OF ACCOUNTING CRITERIA Objective and Scope This criterion aims to clarify the application of the standards contained in NIF A-1, Chapter 90, Supplementary Application, issued by CINIF, considering that, when applying it, the financial information is being prepared and presented in accordance with accounting criteria for collective financing institutions.

Definition
For the purposes of the accounting criteria for collective financing institutions, the supplementary application process applies when, in the absence of specific accounting standards issued by the CNBV in particular and by CINIF in general, these are covered by a formal and recognized set of standards.

Concept of Supplementary Application and Basic Standard In the absence of a specific accounting criterion from the CNBV for entities and, secondarily, for credit institutions, or in a broader context of the NIFs, the bases for supplementary application provided in NIF A-1, Chapter 90, mentioned above, shall be applied, together with what is provided in the provisions of this criterion.

Other Supplementary Regulations
Only in the event that the International Financial Reporting Standards (IFRS) referred to in NIF A-1, Chapter 90, do not provide a solution for accounting recognition, one may opt for a supplementary standard belonging to any other regulatory scheme, provided it meets all the requirements indicated in the aforementioned NIF A-1, Chapter 90, for a supplementary standard, as well as those provided in paragraph 6 of this criterion. The supplementary application shall be applied in the following order:
a) Generally Accepted Accounting Principles (GAAP) definitive, applicable in the United States of America, and b) any accounting standard that is part of a formal and recognized set of standards. For the purposes of the preceding paragraph, it is considered that both official (authoritative) and non-official (nonauthoritative) sources form part of the GAAP applicable in the United States of America, as established in Topic 105 of the Accounting Standards Codification, ASC (Codification) of the Financial Accounting Standards Board (FASB), in the following order:
a) Official sources: The Codification, rules or interpretations of the Securities and Exchange Commission (SEC), Staff Accounting Bulletins, and SEC positions regarding the Consensus of the Board on Emerging Issues of the FASB (FASB Emerging Issues Task Force, EITF), and b) Non-official sources: widely recognized and predominant practices, either generally or in a specific industry, FASB Concepts Statements, documents of the American Institute of Certified Public Accountants (AICPA, Issues Papers), pronouncements of professional associations or regulatory agencies, and questions and answers of the Technical Information Service included in AICPA Technical Practice Aids.

Requirements of a Supplementary Standard and Rules of Supplementary Application In addition to what is established in the aforementioned NIF A-1, Chapter 90, the standards applied supplementarily must comply with the following:
a) they shall not be applied in advance; b) they must not contravene the philosophy and general concepts established in the accounting criteria applicable to collective financing institutions; c) the supplementary application process, if any, provided within each of the standards used supplementarily shall not be applicable, except when such supplementary application meets the preceding subsections and has the authorization of this CNBV, and d) the standards that have been applied in the supplementary application process shall be replaced when a specific accounting criterion is issued by the CNBV or an NIF, on the subject on which said process was applied.

Disclosure Standards
Entities that follow the supplementary process recorded in this criterion must communicate in writing to the Vice Presidency of the CNBV responsible for their supervision within 10 natural days following its application, the accounting standard that has been adopted supplementarily, as well as its basis of application and the source used. Additionally, entities must disclose through notes to the financial statements, the information requested in the aforementioned NIF A-1, Chapter 90, and the quantification of their impacts on the financial statements.

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B-1 CASH AND CASH EQUIVALENTS
Objective and Scope
This criterion aims to define the particular standards relative to the recognition, valuation, presentation, and disclosure in the financial statements of the items that make up the cash and cash equivalents item in the statement of financial position of entities.

Definitions
Cash. - It is legal tender and foreign currency in cash, as well as deposits in financial entities made in the country or abroad available for the entity's operation; such as, balances in checking accounts, bank drafts, telegraphic or postal orders, and remittances in transit. Cash Equivalents. - Short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to insignificant risks of changes in value and are held to meet short-term commitments rather than for investment purposes; they may be denominated in national or foreign currency; for example, the purchase of currencies that are not considered financial derivative instruments as established by the Bank of Mexico in the applicable regulation, as well as other cash equivalents, such as immediate collection documents and highly liquid financial instruments. Highly Liquid Financial Instruments. - These are securities whose disposal is expected within a maximum of 48 hours from their acquisition, generate returns, and have insignificant risks of changes in their value. Deposits in financial entities represented or invested in securities that do not meet the assumptions provided in the two preceding paragraphs shall be subject to NIF C-2 Investment in Financial Instruments.

Recognition Standards
Cash shall be initially recognized at its fair value, which is its nominal value. 6 All cash equivalents, upon initial recognition, must be valued at their fair value. 7 The returns generated by cash and cash equivalents shall be recognized in the results of the period as they accrue. Immediate collection documents shall be recognized as follows:
a) In the case of transactions with entities in the country, they must not contain unpaid items after 2 business days from the operation that gave rise to them, nor those that, having been deposited in banks, have been returned. b) When corresponding to transactions with entities abroad, they shall be recorded as cash and cash equivalents only if they are collectible within a maximum period of 5 business days. When the documents indicated in the preceding paragraph have not been collected within the aforementioned timeframes (2 or 5 days, as applicable), the amount of these shall be transferred to the item that gave rise to them, that is, if they come from various debtors, the provisions of NIF C-3 Accounts Receivable or NIF C-20 Financial Instruments to Collect Principal and Interest shall be attended to, as applicable. Immediate collection documents subject to good collection, for transactions carried out with entities in the country or abroad, shall be recorded in off-balance sheet accounts in the item of other registration accounts. Currencies acquired that are agreed to be settled on a date subsequent to the agreement of the purchase-sale operation shall be recognized on said agreement date as restricted cash and cash equivalents (currencies to be received), while sold currencies shall be recorded as an outflow of cash and cash equivalents (currencies to be delivered). The counterparty must be a clearing, creditor, or debtor account, as applicable, in accordance with what is established in criterion A-3 Application of General Standards.

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Valuation Standards
Cash shall be maintained valued at its nominal value, while cash equivalents shall be valued at their fair value. Highly liquid financial instruments must be valued based on what is established in the standards on financial instruments, according to the business model corresponding to each type of instrument.

Presentation Standards
Statement of Financial Position
The item of cash and cash equivalents shall be shown in the statement of financial position of entities as the first item that makes up the asset, including restricted cash and cash equivalents. In the event of an overdraft in checking accounts reported in the statement issued by the corresponding credit institution, the overdraft amount must be presented in the item of other accounts payable, even if other checking accounts with the same credit institution are maintained. Likewise, if the compensated balance of currencies to be received with currencies to be delivered, or any concept that makes up the item of cash and cash equivalents were to show a negative balance, said concept must be presented in the item of other accounts payable. Statement of Comprehensive Income The returns generated by deposits in financial entities, as well as the valuation effects of those constituted in foreign currency, shall be presented in the statement of comprehensive income as an interest income or expense, while the results from valuation and purchase-sale of currencies shall be grouped in the item of intermediation result, as referenced in criterion D-2 Statement of Comprehensive Income.

Disclosure Standards
The item of cash and cash equivalents shall be broken down through notes to the financial statements including, as applicable, cash, deposits in financial entities made in the country and abroad, and finally, other cash equivalents. Likewise, the following rules must be observed, as applicable:

1. When any item within the item has restrictions regarding availability or purpose to which it is destined, its amount, the reasons for its restriction, and the probable date on which it will expire must be disclosed.
2. In the event that the balance of cash and cash equivalents is presented in the liability, in terms of what is stated in paragraph 16, this fact and the causes that gave rise to it must be disclosed.
3. The existence of cash and cash equivalents denominated in foreign currency must be disclosed, indicating its amount, type of currency involved, settlement term, quotations used for its conversion, and its equivalent in national currency.
4. Disclose the effect of subsequent events that, due to their importance, have substantially modified the valuation of cash and cash equivalents in foreign currency and in highly liquid financial instruments, between the date of the financial statements and the date they are authorized for issuance, in accordance with NIF B-13 Subsequent Events after the Date of the Financial Statements.

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B-2 REPO OPERATIONS
Objective and Scope
This criterion aims to define the particular standards relative to the recognition, valuation, presentation, and disclosure in the financial statements of repo operations. The treatment of operations that, in accordance with what is established in NIF C-14 Transfer and Derecognition of Financial Assets, meet the requirements to derecognize the financial assets subject to it, in virtue that the risks, benefits, and control of said financial assets are transferred, is not the object of this criterion, and therefore, what is established in NIF C-2 Investment in Financial Instruments shall be attended to.

Definitions
Financial Asset. - A right arising from a contract, which grants monetary economic resources to the entity. Therefore, it includes, among others:
a) Cash or cash equivalents; b) Financial instruments generated by a contract, such as an investment in a debt or equity instrument, issued by a third party; c) A contractual right to receive cash or any financial instrument from another entity; d) A contractual right to exchange financial assets or financial liabilities with a third party on favorable conditions for the entity, or e) A right that will be collected with a variable number of equity instruments issued by the entity itself. Substantially Similar Financial Assets. - Those financial assets that, among others, maintain the same primary obligor, identical form and type (therefore generating substantially the same risks and benefits), same maturity date, identical contractual interest rate, similar collateral, same outstanding balance. Derecognition of Financial Assets. - The total or partial elimination of a financial asset, previously recognized in the statement of financial position of an entity, which takes place when that item no longer meets the definition of an asset and when the entity loses control of it. Collateral. - Guarantee constituted to ensure the payment of agreed counterpayments. For the purposes of repo operations, the collateral shall at all times be those permitted in accordance with current regulation. Counterpayments. - Cash and cash equivalents, the right to receive all or specific portions of cash flows from a trust, entity, or other figure, equity financial instruments, derivative financial instruments, or any other type of asset obtained in a transfer of financial assets, including any obligation incurred. For the purposes of repo operations, the counterpayments shall at all times be those permitted in accordance with current regulation. Amortized Cost. - For the purposes of this criterion, it is a historical cost valuation basis applicable to financial assets and reflects the present value of future flows. For variable rate instruments, the discount rate is updated to reflect changes in it. The amortized cost of a financial asset is updated over time to describe subsequent changes, such as the accrual of interest, the impairment of the financial asset, and collections and payments. Equity Financial Instruments. - Any document or title originating from a contract that evidences the participation or the option to participate in the net assets of an entity. Effective Interest Method. - It is used in the calculation of the amortized cost of a financial instrument to distribute its effective interest income or expense in the corresponding periods of the life of the financial instrument. Cash-Oriented Repo Operations. - Transaction motivated by the need of the repo party (reportada) to obtain cash financing and the intention of the repo provider (reportadora) to invest its excess cash.

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Securities-Oriented Repo Operations. - Transaction motivated by the need of the repo provider (reportadora) to temporarily access certain specific financial instruments and the intention of the repo party (reportada) to increase the returns on its investments in financial instruments. Fixed Price at Maturity. - It is that right or obligation, as applicable, represented by the agreed price plus the repo interest, agreed upon in the operation. Agreed Price. - Represents the right or obligation to receive or deliver resources, agreed upon at the beginning of the operation. Repo Party (Reportada). - That entity that receives cash, through a repo operation in which it transfers financial assets as collateral, with the obligation to reintegrate to the repo provider at the end of the operation the cash and agreed repo interest. Repo Provider (Reportadora). - That entity that delivers cash, through a repo operation, in which it receives financial assets as collateral, with the obligation to return them to the repo party at the end of the operation and receiving the cash plus the agreed repo interest. Repo. - Operation by means of which the repo provider acquires for a sum of money the ownership of credit titles, and obligates itself to transfer to the repo party the ownership of as many titles of the same species, within the agreed term and against reimbursement of the same price plus a premium. The premium remains for the benefit of the repo provider, unless otherwise agreed. Effective Interest Rate. - It is the rate that exactly discounts the estimated future cash flows that will be collected or settled during the expected life of a financial instrument, in the determination of the amortized cost of the financial asset or financial liability. Its calculation must consider contractual cash flows and related transaction costs. Repo Rate. - It is the agreed rate with which the payment of interest for the use of cash in the repo operation is determined. Fair Value. - It is the exit price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the valuation date.

Characteristics
Economic and Legal Substance of Repo Operations Repo operations for legal purposes are considered as a sale, where an agreement to repurchase the transferred financial assets is established. Nevertheless, the economic substance of repo operations is that of collateralized financing, where the repo provider delivers cash as financing, in exchange for obtaining financial assets that serve as protection in case of default. In this regard, the financial assets granted as collateral by the repo party, which do not meet the requirements to be derecognized in terms of what is established by NIF C-14, continue to be recognized in their statement of financial position, since they retain the risks, benefits, and control of them; that is, if there were any change in fair value, accrual of interest, or dividends were declared on the financial assets granted as collateral, the repo party is the one exposed, and therefore recognizes said effects in its financial statements. In contrast, those operations where economically the repo provider acquires the risks, benefits, and control of the transferred financial assets cannot be considered as repo operations, being subject to NIF C-2.

Intentionality of Repo Operations
In repo operations, there are generally two types of intentions, either of the repo party or the repo provider: cash-oriented or securities-oriented. In a cash-oriented repo, the intention of the repo entity is to obtain cash financing, using financial assets as collateral for this purpose; on the other hand, the repo provider obtains a return on its investment at a certain rate and, not seeking any specific value, receives financial assets as collateral to mitigate the credit risk exposure it faces regarding the repo party.

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In this sense, the reported party pays the reporting party interest on the cash received as financing, calculated based on the agreed repo rate (which is usually lower than the rate existing in the market for unsecured financing). On the other hand, the reporting party obtains returns on its investment whose payment is secured through the collateral.

In a securities-oriented repo, the reporting party's intention is to temporarily access certain specific securities owned by the reported party (for example, if the reporting party, through a previous repo operation in which it acts as the reported party, incurred an obligation regarding a security similar to the object of the new operation), providing cash as collateral, which serves to mitigate the exposure to risk that the reported party faces with respect to the reporting party.

In this regard, the reported party pays the reporting party the agreed interest at the repo rate for the implicit financing obtained on the cash received, where said repo rate is generally lower than what would have been agreed in a cash-oriented repo.

In repo operations, an agreed price is usually established whose value is above or below the cash exchanged, so the difference between the cash exchanged and the agreed price serves to protect the counterparty exposed to the risks of the operation (for example, against market risk). If the operation is cash-oriented, the reported party generally provides financial assets as collateral at an agreed price lower than market value, so their fair value is higher than the cash received; in contrast, if it is securities-oriented, the reporting party generally receives securities as collateral at an agreed price higher than market value, so their fair value is below the cash provided.

The delivery of collateral may occur at the beginning of the operation or during the life of the repo regarding variations in the fair value of the collateral provided.

Considering all the above, regardless of the economic intention, the accounting treatment of cash-oriented or securities-oriented repo operations is the same.

Recognition and Valuation Standards
Reporting Party

On the date of contracting the repo operation, acting as the reporting party, it must recognize the outflow of cash and cash equivalents, or a creditor settlement account, registering a receivable initially measured at the agreed price, which represents the right to recover the cash delivered.

During the life of the repo, the receivable referred to in the previous paragraph shall be valued at its amortized cost, by recognizing repo interest in the results of the period as it accrues, according to the effective interest method, affecting said receivable.

The financial assets that the reporting party has received as collateral must be treated in accordance with the following section.

Collateral Provided and Received Other Than Cash

The collateral provided by the reported party to the reporting party (other than cash) must be recognized as follows:

a) The reporting party will recognize the received collateral in off-balance-sheet accounts, following for its valuation the standards related to custody operations under criterion B-3 Custody and Administration of Assets.

b) When the reporting party sells the collateral, it must recognize the resources from the transaction, as well as a payable account for the obligation to return the collateral to the reported party (initially measured at the agreed price), which shall be valued at its fair value in the case of sale (any difference between the price received and the value of the payable account will be recognized in the results of the period).

c) In the event that the reported party fails to meet the conditions established in the contract, and therefore cannot claim the collateral, the reporting party must recognize in its statement of financial position the entry of the collateral, as established in the accounting criteria for collective financing institutions, according to the type of asset involved, against the receivable referred to in paragraph 32, or in its case, if the collateral had previously been sold, it must derecognize the payable account referred to in subsection b), relating to the obligation to return the collateral to the reported party.

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d) The reporting party must recognize the collateral in its financial statements only in off-balance-sheet accounts, with the exception of what is established in subsection c) above, that is, when the risks, benefits, and control of the collateral have been transferred due to the reported party's default.

e) The off-balance-sheet accounts recognized for received collateral by the reporting party must be cancelled when the repo operation reaches maturity or there is default by the reported party.

In operations where the reporting party sells the received collateral, it must keep control of said sold collateral in off-balance-sheet accounts, following for its valuation the guidelines of the corresponding accounting criterion for collective financing institutions.

The off-balance-sheet accounts recognized for received collateral that have in turn been sold by the reporting party must be cancelled when the entity acquires the sold collateral to return it to the reported party or when there is default by the counterparty.

Presentation Standards
Statement of Financial Position

The receivable representing the right to receive cash, as well as accrued interest, must be presented within the statement of financial position, under the item of debtors for repos.

The collateral received from the reported party must be presented in off-balance-sheet accounts under the item of collateral received by the entity.

The payable account referred to in subsection b) of paragraph 35, which represents the reporting party's obligation to return to the reported party the collateral that it had sold, must be presented within the statement of financial position, under the item of sold collateral.

The off-balance-sheet accounts referred to in paragraph 36, regarding those collateral received by the reporting party that have in turn been sold, must be presented under the item of collateral received and sold by the entity.

Statement of Comprehensive Income

The accrual of repo interest derived from the operation will be presented under the item of interest income.

The difference referred to in subsection b) of paragraph 35, if any, generated by the sale, will be presented under the item of intermediation result.

The fair value measurement of the payable account referred to in subsection b) of paragraph 35, which represents the reporting party's obligation to return to the reported party the collateral that it had sold, will be presented under the item of intermediation result.

Offsetting of Financial Assets and Liabilities

For the purposes of offsetting between financial assets and liabilities, acting as the reporting party, the provisions of NIF B-12 Offsetting of Financial Assets and Financial Liabilities must be observed.

Disclosure Standards

Entities must disclose through notes to the financial statements, the information corresponding to repo operations as follows:

a) the total amount of operations carried out;

b) amount of repo interest recognized in the results of the period;

c) average terms in the contracting of outstanding repo operations;

d) type and total amount by type of asset of the collateral received;

e) of the collateral received and in turn sold, the total amount by type of asset, and

f) the rate agreed in relevant operations.

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B-3 CUSTODY AND ADMINISTRATION OF ASSETS
Objective and Scope

The present criterion aims to define the particular standards related to the recognition, valuation, presentation, and disclosure in the financial statements of custody and administration of assets operations carried out by entities.

Within the administration operations that are the object of this criterion, operations carried out by entities on behalf of their clients are contemplated, such as, the purchase and sale of financial instruments and virtual assets.

The custody of assets that by their nature or by contractual agreement do not grant the responsibility of safeguarding to the entities is not included within this criterion.

Definitions

Assets in custody or administration.- Those assets, in cash, cash equivalents, financial instruments, or virtual assets owned by third parties, delivered to the entity for their safeguard or administration.

Acquisition Cost.- The amount paid in cash or cash equivalents, or the fair value of the consideration delivered for an asset or service at the time of its acquisition.

Administration Operations.- Those carried out by the entity, in which it provides administrative services and exercise of rights over certain assets, receiving in its case, a commission as consideration.

Custody Operations.- Those carried out by the entity, for which it is responsible for the safeguard of cash, cash equivalents, financial instruments, or virtual assets delivered to it, receiving a commission for this purpose.

Fair Value.- The exit price that, on the valuation date, would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants.

Characteristics

Cash, cash equivalents, financial instruments, or virtual assets may be the object of custody, administration, or a combination of both operations. In the case of third-party financial instruments, these may be alienated, administered, or transferred according to the conditions agreed in the contract.

By the essence of this type of operations, assets in custody or administration are not the object of recognition by the entities:

a) since they do not acquire the rights and contractual obligations related to the assets in custody or administration; and

b) because the definition of asset contained in NIF A-1, Chapter 50 Basic Elements of Financial Statements is not met.

Notwithstanding the above, the entity is responsible for assets in custody or administration, assuming a risk in case of their loss or damage.

In addition, within the administration services that the entity may provide, are the operations of administration, alienation, and transfer of assets in custody or administration carried out in accordance with the prior instruction of its clients. These operations include those of financial instruments and virtual assets.

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Recognition and Valuation Standards

Since the assets object of this criterion do not represent assets of the entities, they must not form part of the rights and obligations recognized in the statement of financial position. However, an estimated amount for which the entity would be obligated to respond to its clients for any future contingency must be recognized in off-balance-sheet accounts.

Income derived from custody or administration services will be recognized in the results of the period in accordance with what is established in NIF D-1 Revenue from Contracts with Customers.

In the event that the entity has an obligation to the client for the loss or damage of the asset in custody or administration, the liability will be recognized in the entity's statement of financial position against the results of the period. The accounting recognition referred to in this paragraph will be carried out at the moment the entity becomes aware of said situation, regardless of any legal action by the client aimed at repairing the loss or damage.

Custody Operations

The determination of the valuation of the estimated amount for assets in custody must be made in accordance with the following:

a) in the event that the assets in custody are financial instruments or virtual assets, their fair value will be determined in accordance with what is established in Section A, of the Second Section of Chapter IV of Title Two of the Provisions, as applicable, and

b) with respect to assets in custody other than those established in the previous subsection, their value will be determined in accordance with the following:

• at their fair value, according to what is stated in NIF B-17 Determination of Fair Value, which must be reviewed periodically, or

• in the event that the fair value cannot be determined reliably, such assets will be valued according to the acquisition cost of the depositor, which, in an inflationary environment, must be updated according to NIF B-10 Effects of Inflation.

In the event that assets in custody are also held in administration, they must be controlled in off-balance-sheet accounts, separately from those assets received in custody.

Administration Operations

The determination of the valuation of the estimated amount for assets in administration, as well as those operations on behalf of clients, will be carried out based on the operation carried out in accordance with the accounting criteria for collective financing institutions. Within the various types of operations, the following are contemplated:

Client Deposits

Client deposits in cash, including those from collections of credits granted by investors to applicants, as well as virtual assets received by the entity on behalf of its clients, must be controlled in off-balance-sheet accounts, separately from those values received in custody.

Investments in Repo

Regarding the repos referred to in Article 46 of the Law to Regulate Financial Technology Institutions, the recognition and valuation rules established in criterion B-2 Repos must be followed.

Likewise, entities must recognize the obligation assumed when making the investment in repo referred to in the previous paragraph.

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Presentation and Disclosure Standards

The liability arising from the obligation with the client for the loss or damage of the asset in custody or administration, will be presented in the statement of financial position under the item of other payables, while in the results of the period it will be presented under the item of other income (expenses) of the operation.

The amount of assets in custody will be presented in off-balance-sheet accounts, under the item of custody operations. 23

The purchase and sale operations of financial instruments or virtual assets on behalf of clients will be presented in off-balance-sheet accounts, under the item of administration operations.

The obligation assumed referred to in paragraph 21 will be presented under the item of obligation to return client deposits invested in repo.

Income derived from custody or administration services recognized in the results of the period will be presented under the item of commissions charged.

The following must be disclosed through notes to the financial statements:

Custody Operations

a) amounts recognized for each type of asset in custody;

b) information regarding the type of assets, and

c) amount of income from the activity.

Administration Operations

a) amounts recognized for each type of asset in administration;

b) information regarding the type of assets, and

c) amount of income from the activity.

Investments in Financial Instruments

a) information related to debt securities and equity financial instruments on behalf of clients;

b) information regarding the nature of these operations, specifying conditions and terms that could affect them, and

c) the equity rights received.

Additionally, the amount of client deposits must be disclosed.

Borrower Payment Behavior in Collective Debt Financing

Regarding credits, loans, or any financing granted through the entity's platforms, the total amount of said concepts must be disclosed, disaggregated into:

a) Performing Portfolio.- Integrated by financings that are up to date in their payments of both principal and interest, as well as by those credits with principal or interest payments in default status, which have not been located in the circumstances provided to consider them as overdue.

b) Overdue Portfolio.- Composed of financings whose principal, interest, or both, have not been settled in the originally agreed terms, and present 90 natural days of default.

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B-4 MANDATES
Objective and Scope

The present criterion aims to define the particular standards related to the recognition, valuation, presentation, and disclosure in the financial statements for mandate operations.

Definitions

Mandate.- The Federal Civil Code establishes that The mandate is a contract by which the mandatory obligates himself to execute on behalf of the principal the legal acts that he entrusts to him.

Recognition and Valuation Standards

Entities must recognize in off-balance-sheet accounts the resources object of the mandate operations they carry out, attending to the responsibility that the realization or fulfillment of the object of said operations implies for the entity, whose commission is accepted.

The valuation of the resources object of the mandate operation, recognized in off-balance-sheet accounts, will be carried out in accordance with what is provided in these accounting criteria for collective financing institutions.

Losses borne by the entity due to responsibilities incurred in mandate operations will be recognized in results in the period in which they are known, regardless of the moment in which any legal promotion is made to that effect.

The recognition of income from the execution of mandate operations carried out by entities must be based on what is established in NIF D-1 Revenue from Contracts with Customers. The accumulation of accrued but uncollected income for mandate operations must be suspended at the moment when the debt for these presents 90 or more natural days of non-payment, being able to accumulate again when the pending payment debt is settled in its entirety.

Presentation Standards
Statement of Financial Position

In off-balance-sheet accounts, the total amount of resources object of the mandate operations carried out by the entities will be presented, under the item of assets in mandate, in accordance with the recognition and valuation standards provided in this criterion. Likewise, accrued but uncollected income from mandate operations must be presented in off-balance-sheet accounts under the item of other registration accounts.

Statement of Comprehensive Income

Losses borne by the entity due to incurred responsibilities will be presented under the item of other income (expenses) of the operation, while the income from mandate operations will be included under the item of commissions charged.

Disclosure Standard

Through notes to the financial statements, the amount of income received by the entity in mandate operations must be disclosed.

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C-1 SECURITIZATION OPERATIONS
Objective
This standard aims to define the specific rules regarding the treatment in financial statements of securitization operations. Definitions Financial Asset. - A right arising from a contract, which grants monetary economic resources to the entity. Therefore, it includes, among others:
a) Cash or cash equivalents; b) Financial instruments generated by a contract, such as an investment in a debt or equity instrument issued by a third party; c) A contractual right to receive cash or any other financial instrument from another entity; d) A contractual right to exchange financial assets or financial liabilities with a third party on favorable terms for the entity, or e) A right that will be settled with a variable number of equity instruments issued by the entity itself. Subordinated Assets. - Those assets whose availability is conditioned on the occurrence of certain events. Administration of transferred financial assets. - A contract by which an entity provides services related to the administration of the financial assets subject to securitization operations, such as: collecting and custodian payments of principal and interest from the transferred financial assets; making payments of taxes and insurance related to said payments on behalf of the securitization vehicle; monitoring default cases or following up on credit risk attributable to the debtors of said assets; in its case, executing adjudication processes; temporarily investing received payments pending distribution; paying commissions to guarantors and other service providers in the operation; making payments to holders of securities placed among investors through stock exchanges or recognized trading mechanisms. Overcollateralization. - Financial asset transferred by the transferor to the recipient in securitization operations, in addition to the financial assets subject to securitization operations, in order to cover possible defaults by the debtors of the financial assets subject to securitization, guarantee the payment of obligations to investors, among others. Interest Benefits. - Right to receive the total or specific portions of cash flows from a trust, entity or other figure, including participations in principal and/or interest of debt titles with payment priority and/or subordinated, other cash flows from underlying assets, premiums, obligations, residual interest (whether in the form of debt or equity), among others. Recipient's Residual Benefits. - Interest benefits in the form of titles, contracts or documents that grant their holder participation in the possible excess or remainder that, in its case, the recipient generates, such as, contribution certificates, contribution certificates, fiduciary right certificates, residual interests, among others. Securitization. - Operation by means of which certain financial assets are transferred to a recipient, with the purpose that the latter issues titles to be placed among investors through stock exchanges or recognized trading mechanisms, which represent the right to receive what is established in the placement prospectus. Transferor. - Is the entity that transfers to another a financial asset, a participation in a financial asset or a group of financial assets that it controls. Recipient. - Securitization vehicle
that receives a financial asset, a participation in a financial asset or a group of financial assets from the transferor. Equity Financial Instrument - Is that originated by a contract that evidences the participation or the option to participate in the net assets of an entity.

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Continuous Involvement. Is the condition existing by means of which the transferor remains related to a transferred financial asset, either by continuing to have:
a) Exposure to the risks and benefits of the future cash flows of the transferred financial asset, or b) Control over the cash flows of the transferred financial asset, with or without exposure to the relative risks or benefits. Financial Liability. - Is an obligation arising from a contract, which will require the use of monetary economic resources of the entity. Therefore, it represents:
a) An obligation to deliver cash or another financial asset to a third party to settle it; b) A contractual obligation to exchange financial assets or financial liabilities with a third party under unfavorable terms for the entity, or c) An obligation that will be settled with a variable number of equity instruments issued by the entity itself. Revolver of financial assets in securitization operations. - Mechanism in securitization operations by means of which the recipient agrees with the transferor, the transfer of financial assets periodically and during a predetermined time (known as revolver period), in order to maintain an adequate financial relationship between the transferred financial assets and the titles placed among investors through stock exchanges or recognized trading mechanisms, and in this way comply with the obligations of the operation. Substitution of financial assets in securitization operations. - Mechanism in securitization operations by means of which the transferor substitutes for the recipient one or more transferred financial assets during a predetermined period, when any of the previously agreed circumstances occur, such as deterioration in the rating of securities, or significant defaults from the transferred financial assets. Fair Value. - Is the exit price that, at the valuation date, would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Securitization Vehicle. - Is an entity, trust or other legal figure, whose activities, in accordance with its object or statutes, are permanently limited to:
a) Maintaining possession of the transferred financial assets; b) Issuing securities that represent rights over the financial assets; c) Receiving the flows resulting from the transferred financial assets, reinvesting them in financial instruments and providing other services associated with the assets; d) Distributing benefits to holders of securities placed among investors through stock exchanges or recognized trading mechanisms, and e) Distributing the residual benefits that, in its case, it has the obligation to deliver. Characteristics In securitization operations, the transferor may or may not transfer the risks and benefits on the financial assets to the recipient, and may also, transfer or not the control of them. The recipient issues securities to be placed among investors through stock exchanges or recognized trading mechanisms, which represent interest benefits or rights on what is established in the placement prospectus. As consideration, the transferor may receive, among others, cash or cash equivalents, financial instruments, benefits on the recipient's remainder, rights or financial instruments derived. In operations that meet the definitions, concepts and assumptions established in NIF C-14 Transfer and Derecognition of Financial Assets for Derecognition of the Total or a Portion of Financial Assets (as the case may be), the transferring entity (transferor) shall derecognize such total or portion of the securitized financial assets from its financial statements and recognize the consideration received or incurred in the securitization operation in accordance with what is stated in the aforementioned NIF C-14. On the other hand, the receiving entity (recipient) shall recognize such financial assets in its statement of financial position, as well as the consideration granted or received for the securitization operation in accordance with what is stated in Criterion A-2 Application of Specific Standards".

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If in accordance with what is established in the previous paragraph, the definitions, concepts and assumptions established in NIF C-14 for derecognition of the total, or of a portion of financial assets based on its continuous involvement, are not met, the transferring entity (transferor) shall not remove the securitized financial assets in total or portion for which it retains continuous involvement from its financial statements and shall recognize the associated financial liability, as well as the consideration received or incurred in the operation, in accordance with what is stated in the aforementioned NIF C-14. On the other hand, the receiving entity (recipient) shall recognize the portion of the transferred financial asset that the transferor has derecognized and on which the recipient has obtained the rights and contractual obligations; the consideration received or incurred in the operation, considering the new financial assets and the new obligations assumed (including the account receivable for the financing granted to the transferor against the outflow of cash, as well as the inflow of financial assets from the placement of securities among investors against the corresponding liability for the issuance of titles), in accordance with what is stated in Criterion A-2. Additionally, in securitization operations, the transferor may grant overcollateralization (cash or cash equivalents, securities, rights and financial instruments derived, among others) in order to cover possible defaults by the debtors of the financial asset subject to securitization, or to guarantee the payment of obligations to investors, among others. For the granting of said overcollateralization, the transferor may or may not maintain the right to receive assets as consideration, such as, the reimbursement of the overcollateralization itself, benefits on the recipient's remainder, interest benefits, among others. Likewise, regardless of the granting of overcollateralization, the transferor may receive financial assets in the form of benefits on the recipient's remainder and interest benefits, among others. Operations that meet the requirements for derecognition of financial assets Recognition and Valuation Standards Transferor At the time of the transfer of financial assets in securitization operations that meet the definitions, concepts and assumptions established in NIF C-14 for derecognition of the total or a portion of financial assets (as the case may be), the transferring entity (transferor) shall make the accounting records indicated in the aforementioned NIF C-14 for such cases. Regarding financial assets for which estimates of expected credit losses or similar concepts have been established, at the time of recognizing their exit from the statement of financial position, their net book value at the date of their transfer shall be considered. Consistently with what is established in NIF C-14, the consideration received or incurred in the operation shall be
recognized, considering the new financial assets and the new obligations assumed, at their fair values (such as, cash or cash equivalents, interest benefits, financial instruments derived, assets or liabilities for administration of the transferred financial assets, financial liabilities, rights on the granted overcollateralization), attending the recognition, valuation, presentation and disclosure standards in accordance with the accounting criterion that corresponds according to the nature of the item in question. The consideration received in the form of benefits on the recipient's remainder shall be recognized as benefits to receive in securitization operations and shall be valued, from their initial recording, at their fair value at the valuation date, recognizing the adjustments resulting from their valuation in the results of the period. The fair value valuation of the benefits on the recipient's remainder shall be, in its case, consistent with the accounting policies of an entity that must be consolidated in accordance with what is stated in NIF B-8 Consolidated or Combined Financial Statements, in order to facilitate the consolidation of the recipient in the financial statements of the transferor. For the recognition of operations that meet the requirements for derecognition of financial assets, what is established in NIF C-14 shall be attended. Subsequent collections or recoveries related to benefits to receive in securitization operations shall be recognized attending to the nature of the items received, following the recognition, valuation, presentation and disclosure standards in accordance with the accounting criterion that corresponds and shall be applied directly to the reduction of said benefits to receive.

78 OFFICIAL GAZETTE Friday, January 20, 2023
Subsequent collections or recoveries in excess of the amount recorded in benefits to receive in securitization operations shall be recognized attending to the nature of the items received, following the recognition, valuation, presentation and disclosure standards in accordance with the accounting criterion that corresponds against the results of the period. Revolver and Substitution of Financial Assets in Securitization Operations In securitization operations in which it is agreed that the transferor may transfer additional financial assets to those initially transferred, as in the case of substitution or revolver, it shall be verified if such transfers meet what is provided in NIF C-14 or, in its case, in Criterion A-2 in order to determine their recognition and/or derecognition from the statement of financial position. Administration of Transferred Assets In case the transferor provides administration services for the transferred financial assets, an asset or liability for administration of transferred assets shall be recognized initially at its fair value as part of the initial recording of the operation. When the consideration for said administration is reasonably expected to exceed the costs and expenses incurred for the administration service, an asset for administration of transferred assets shall be recognized; otherwise, a liability for administration of transferred assets shall be recognized. Subsequently, said assets or liabilities for administration shall be valued at fair value, recognizing the valuation effects directly in the results of the period. Recipient At the time of the transfer of financial assets in securitization operations that meet the definitions, concepts and assumptions established in NIF C-14 for derecognition of the total or a portion of financial assets (as the case may be), the recipient shall make the accounting records indicated in Criterion A-2 for the recognition of financial assets, including the consideration granted or received for the securitization operation (such as, cash or cash equivalents, financial instruments derived, financial assets and obligations on the received overcollateralization). Subsequently, for valuation purposes, the recognition, valuation, presentation and disclosure standards shall be attended in accordance with the accounting criterion that corresponds according to the nature of the item in question. Regarding the placement of securities among investors through stock exchanges or recognized trading mechanisms, the recipient shall record in its accounting the entry of the financial assets resulting from said placement of securities, as well as the corresponding financial liability, including any other interest benefit, attending to what is established in NIF C-19 Financial Instruments Payable. The obligations in which, in its case, the recipient incurs, which represent the benefits on its remainder, shall be recorded as part of equity or capital, as the case may be. The expenses
for the issuance of the titles placed among investors through stock exchanges or recognized trading mechanisms incurred by the recipient shall be recorded in accordance with what is established in NIF C-19. Expenses for the concept of administration of financial assets shall be recognized in the results of the period. Presentation Standards Transferor Statement of Financial Position The benefits on the remainder in securitization operations and the asset for administration of transferred financial assets shall be presented in the statement of financial position as part of the benefits to receive in securitization operations. The liabilities for administration of transferred assets shall be presented in the item of obligations in securitization operations. The rest of financial assets and obligations assumed from securitization operations that meet the requirements for derecognition of financial assets shall be presented in the statement of financial position in accordance with the accounting criterion that corresponds according to the nature of the item in question.

Friday, January 20, 2023 OFFICIAL GAZETTE 79
Statement of Comprehensive Income
The result from derecognition of a financial asset in its entirety, as well as the result from derecognition of a portion of a financial asset shall be presented in the item of the statement of comprehensive income that corresponds according to the nature of the asset or portion of it, whether as a gain or loss. The valuation of benefits to receive in securitization operations, as well as of the assets or liabilities for administration of transferred assets shall be presented in the statement of comprehensive income in the item of other income (expenses) of the operation, as appropriate. The collections or recoveries in excess of the amount recorded in benefits to receive in securitization operations shall be presented in the item of other income (expenses) of the operation. The loss that, in its case, existed for the difference between the collections or recoveries and the amount recorded in benefits to receive in securitization operations shall be presented in the item of other income (expenses) of the operation. The presentation of the effects in results for the rest of financial assets and obligations assumed from securitization operations shall be carried out in accordance with the accounting criterion that corresponds according to the nature of the item in question. Recipient Statement of Financial Position The financial assets subject to securitization operations that meet the requirements for derecognition of financial assets by the transferor shall be presented in the statement of financial position of the recipient in accordance with the accounting criterion that corresponds according to the nature of the item in question. Likewise, the amount of the securities placed among investors through stock exchanges or recognized trading mechanisms, subject to the securitization operation, shall be presented within the liability in a specific item in the statement of financial position as securitized liabilities. The obligations that represent the benefits on its remainder shall be presented in the statement of financial position as part of equity or capital, as the case may be. Statement of Comprehensive Income The interest that accrues on the securities and other interest benefits placed among investors through stock exchanges or recognized trading mechanisms by the recipient, as well as the issuance expenses in terms of NIF C-19, shall be recognized in the results of the period as interest expenses. The expenses for the concept of administration of financial assets recognized in the results of the period shall be presented in the item of commissions and fees paid. In its case, the presentation of the effects in results for the rest of financial assets and obligations assumed from securitization operations that meet the requirements for derecognition of financial assets shall be carried out in accordance with the accounting criterion that corresponds according to the nature of the item in question. Operations that do not meet the requirements
for derecognition of financial assets Recognition and Valuation Standards Transferor Regarding transfers of financial assets in securitization operations that do not meet the definitions, concepts and assumptions established in NIF C-14 for derecognition of the total, or portion of financial assets based on its continuous involvement, the transferring entity (transferor) shall make the accounting records contained in the aforementioned NIF C-14 for such cases. Recipient Regarding transfers of financial assets in securitization operations that do not meet the definitions, concepts and assumptions established in NIF C-14 for derecognition of the total, or portion of financial assets based on its continuous involvement, the recipient shall make the accounting records established in the aforementioned NIF C-14 for such cases.

80 OFFICIAL GAZETTE Friday, January 20, 2023

Among other records, the transferee must recognize in its statement of financial position the resources derived from investors from the placement of securities through stock exchanges or recognized trading mechanisms, against the corresponding financial liability for the placed titles. Likewise, the transferee must recognize the financing granted to the transferor against the outflow of resources.

The issuance expenses of the titles placed among investors through stock exchanges or recognized trading mechanisms incurred by the transferee must be recorded in accordance with what is established in NIF C-19. Expenses for the concept of financial asset administration will be recognized in the results of the period.

Presentation Standards

Transferor (Cedent)

Statement of Financial Position

The financial assets that the transferor entity grants as guarantee or collateral in securitization operations, if applicable, will be presented as a restricted asset, according to the type of asset in question. Likewise, the financial liability corresponding to the financing received from the transferee must be presented as part of bank loans or from other organisms. The liability associated with securitization operations in which continuous involvement is retained will be presented in the line item of obligations in securitization operations.

The rest of financial assets and obligations assumed arising from securitization operations that do not meet the requirements for derecognition of financial assets will be presented in the statement of financial position in accordance with the accounting criterion corresponding to the nature of the item in question.

Statement of Comprehensive Income

If applicable, the presentation of the effects in results for the rest of financial assets and obligations assumed arising from securitization operations that do not meet the requirements for derecognition of financial assets will be carried out in accordance with the accounting criterion corresponding to the nature of the item in question.

Transferee (Grantee)

Statement of Financial Position

The financial asset representing the financing granted to the transferor must be presented within accounts receivable. Likewise, the amount of the securities placed among investors through stock exchanges or recognized trading mechanisms, object of the securitization operation, must be presented within the liability in a specific line item in the statement of financial position.

Statement of Comprehensive Income

The interest accrued on the securities and other interest benefits placed among investors through stock exchanges or recognized trading mechanisms by the transferee, as well as the issuance expenses in terms of what is stated in NIF C-19, will be recognized in the results of the period as interest expenses.

If applicable, the presentation of the effects in results for the rest of financial assets and obligations assumed arising from securitization operations that do not meet the requirements for derecognition of financial assets will be carried out in accordance with the accounting criterion corresponding to the nature of the item in question.

Expenses for the concept of financial asset administration, recognized in the results of the period, will be presented in the line item of commissions and fees paid.

Disclosure Standards

The following information must be disclosed in notes to the financial statements for securitization operations:

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Transferor (Cedent)

a) The characteristics of the securitization operations carried out: the type of securitization celebrated (if they correspond to a securitization that met or did not meet the requirements for the derecognition of financial assets), generic type of financial assets transferred, restrictions on the transferee's rights over the ceded financial assets (mainly characteristics and amounts of restricted assets), characteristics of the capacity and collateral, as well as the amounts recognized in results for these operations in the line item of other income (expenses) of the operation;

b) Main characteristics of the consideration received and incurred in securitization operations;

c) The main characteristics of the assets and liabilities that make up the benefits on the transferee's residual interest, if any agreed upon, as well as description of the methodology used for their valuation;

d) Detailed description of the valuation methodology of the benefits on the transferee's residual interest, main assumptions used, including a scenario showing the valuation under adverse conditions, as well as the mention that such valuation was carried out, if applicable, under parameters consistent with recognized formal market techniques (revealing said parameters);

e) Amount of the valuation effect recognized in results for the valuation of benefits on the transferee's residual interest;

f) Amount of financing received in securitization operations, as well as main conditions relative to the obligations acquired for its payment (term, rate, payment methods, among others);

g) Description of agreements for the revolving and substitution of transferred financial assets, if any agreed upon;

h) Description of agreements for the repurchase of ceded assets, if any agreed upon;

i) Description of the rights or obligations held over the transferred financial assets that act as capacity or collateral, as applicable;

j) Description of agreements to provide the service of administration of transferred financial assets;

k) Amount recognized in the results of the period for the fair value valuation of the asset or liability for asset administration, as well as main assumptions used for the determination of said fair value;

l) Information on early liquidations of transferred or ceded financial assets, and

m) Description of the financial assets received as a result of the liquidation of residual or excess amounts of the transferee.

Transferee (Grantee)

a) The characteristics of the interest benefits issued, subordinated or not, such as; type, amount, interest rate, term, rights and payment restrictions;

b) Main characteristics of the consideration received and incurred in securitization operations;

c) Credit quality rating of the titles placed among investors through stock exchanges or recognized trading mechanisms, as well as of the financial assets object of the securitization operation, and

d) Description of the methodology used to value at fair value the obligations related to securitization operations.

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D-1 STATEMENT OF FINANCIAL POSITION

Background

Financial information must comply, among other things, with the purpose of presenting the financial situation of entities at a specific date, requiring the establishment, through specific criteria, of the objectives and general structure that the statement of financial position must have.

Objective and Scope

The purpose of this criterion is to establish the general characteristics, as well as the structure that the statement of financial position of entities must have, which must adhere to what is provided in this criterion. Likewise, minimum guidelines are established, with the purpose of homogenizing the presentation of this financial statement among entities and, in this way, facilitating its comparability.

The statement of financial position has the objective of presenting information relative to the resources (assets) and sources of financing (liabilities and equity capital) of an entity at a specific date.

The statement of financial position, therefore, must adequately show, on consistent bases, the position of entities regarding their off-balance sheet accounts, assets, liabilities, and equity capital, in such a way that the economic resources available to said entities, as well as their financial structure, can be evaluated.

Additionally, the statement of financial position must fulfill the objective of being a useful tool for the analysis of the different entities, so it is convenient to establish the concepts and general structure that said financial statement must contain.

Concepts Integrating the Statement of Financial Position

In a broad context, the concepts that integrate the statement of financial position are; assets, liabilities, and equity capital, understanding them as such to the concepts defined as such in NIF A-1, Chapter 50, Basic elements of financial statements. Likewise, the off-balance sheet accounts referred to in this criterion are part of the concepts that integrate the structure of the statement of financial position of entities.

Structure of the Statement of Financial Position

The structure of the statement of financial position must group the concepts of off-balance sheet accounts, asset, liability, and equity capital, in such a way that it reflects their degree of liquidity or exigibility from greater to lesser, as the case may be.

In this way, the minimum line items that must be included in the statement of financial position are the following:

Off-balance sheet accounts

Operations on behalf of clients

client accounts; current accounts; custody operations, and administration operations.

Operations on behalf of own account

contingent assets and liabilities; collateral received by the entity; collateral received and sold or given as guarantee by the entity, and other registration accounts.

Asset

cash and cash equivalents; margin accounts (derivative financial instruments); investments in financial instruments; receivables from repurchase agreements; derivative financial instruments; valuation adjustments for hedging financial assets; virtual assets; benefits to receive in securitization operations; accounts receivable (net); long-term assets held for sale or for distribution to owners;

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prepayments and other assets; properties, furniture, and equipment (net); right-of-use assets for properties, furniture, and equipment (net); permanent investments; delayed income tax asset (net); intangible assets (net); right-of-use assets for intangible assets (net), and goodwill.

Liability

securitized liabilities; bank loans and from other organisms; obligation to return client deposits invested in repurchase agreements; collateral sold or given as guarantee; derivative financial instruments; valuation adjustments for hedging financial liabilities; obligations in securitization operations; lease liability; other accounts payable; liabilities related to groups of assets held for sale; financial instruments that qualify as liability; obligations associated with the removal of components of properties, furniture, and equipment; income tax liability; employee benefits liability, and delayed credits and advance collections.

Equity Capital

contributed capital, and retained earnings.

Presentation of the Statement of Financial Position

The line items described above correspond to the minimum required for the presentation of the statement of financial position; however, entities must disaggregate, either in said financial statement or through notes, the content of the concepts they consider necessary in order to show their financial situation to the user of the financial information. At the end of this criterion, a statement of financial position prepared with the minimum line items referred to in the previous paragraph is shown.

However, certain line items of the statement of financial position require special guidelines for their presentation, which are described below:

Off-balance sheet accounts

Under this concept, operations carried out on behalf of clients must be presented, as well as those situations or events that, according to the definition of assets, liabilities, and equity capital, should not be included within said concepts in the statement of financial position of entities, but that provide information on any of the following events:

a) Contingent assets and liabilities in accordance with NIF C-9 Provisions, contingencies, and commitments; b) Operations on behalf of clients; c) Operations carried out on behalf of own account; d) Collateral received by the entity; e) Collateral received and sold or delivered as guarantee by the entity f) Amounts that complement the figures contained in the statement of financial position, and g) Other accounts that the entity considers necessary to facilitate accounting registration or to comply with applicable legal provisions.

84 OFFICIAL GAZETTE Friday, January 20, 2023

Margin accounts (derivative financial instruments)

Balances arising from cash, securities, or other assets margin accounts referred to in NIF C-10 Derivative financial instruments and hedging relationships will be presented as part of this line item.

Investments in financial instruments

The different categories of investments in financial instruments will be presented within this line item, such as, negotiable financial instruments, financial instruments to collect or sell, and financial instruments to collect principal and interest (securities), the latter at their amortized cost (that is, including accrued but uncollected interest and net of items to amortize and expected credit losses).

Receivables from repurchase agreements

The debtor balance arising from repurchase operations referred to in the corresponding criterion will be presented immediately after the concept of investments in financial instruments.

Derivative financial instruments

Financial assets arising from derivative financial instruments will be presented immediately after the concept of receivables from repurchase agreements, disaggregated into derivative financial instruments for trading purposes or for hedging purposes, as applicable.

Valuation adjustments for hedging financial assets

In a fair value hedge for interest rate risk of a portion of a portfolio composed of financial assets, the adjustment to the book value of the hedged item by the gain or loss recognized in the results of the period will be presented in this line item, immediately after the line item of derivative financial instruments.

Virtual assets

Virtual assets held in own position by the entity will be presented within this line item, attending to what is established in NIF C-22 Cryptocurrencies.

Accounts receivable (net)

Accounts receivable will be presented considering, among others, debtor liquidating accounts, debtors from margin accounts, debtors from collateral granted in cash, various debtors, taxes to recover, and conditional accounts receivable, deducted, if applicable, from the estimate of expected credit losses.

Long-term assets held for sale or for distribution to owners

Investments in long-term assets that are classified as held for sale or for distribution to owners will be presented within this line item, such as, subsidiaries, associates, and joint ventures, as well as other permanent investments and assets related to discontinued operations, which are referred to in NIF B-11 Disposal of long-term assets and discontinued operations.

Prepayments and other assets

Prepayments and other assets, such as, deferred charges and security deposits, as well as other short-term and long-term assets, must be presented as a single line item in the statement of financial position. The employee benefit asset arising in accordance with what is established in NIF D-3 Employee benefits will be part of this line item.

Right-of-use assets for properties, furniture, and equipment (net)

Those assets representing the right of a lessee to use a property, furniture, or equipment during the lease term, decreased by their accumulated depreciation, are presented.

Permanent investments

Permanent investments in unconsolidated subsidiaries, associates, joint ventures, as well as other permanent investments, added by the goodwill that may have been generated, if applicable, will be presented within this line item.

Right-of-use assets for intangible assets (net)

Those assets representing the right of a lessee to use an intangible asset during the lease term, decreased by their accumulated amortization, will be presented.

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Bank loans and from other organisms

Bank loans and from other organisms will be grouped within a specific line item, disaggregated into:

h) short-term (amount of amortizations whose term to mature is less than or equal to one year), and i) long-term (amount of amortizations whose term to mature is greater than one year).

Collateral sold or given as guarantee

Collateral sold or given as guarantee representing the obligation to return the collateral received from the counterparty in repurchase operations, derivative financial instruments, and other sold collateral will be presented within this line item in a disaggregated manner.

In the case of repurchase operations, the creditor balance originating from the compensation carried out in accordance with criterion B-2 Repurchase agreements must be presented.

Derivative financial instruments

Financial liabilities arising from derivative financial instruments will be presented immediately after the line item of collateral sold or given as guarantee, disaggregated into derivative financial instruments for trading purposes or for hedging purposes, as applicable.

Valuation adjustments for hedging financial liabilities

In a fair value hedge for interest rate risk of a portion of a portfolio composed of financial liabilities, the adjustment to the book value of the hedged item by the gain or loss recognized in the results of the period will be presented in this line item, immediately after the corresponding financial liabilities.

Other accounts payable

Among others, creditor liquidating accounts, creditors from margin accounts, creditors from collateral received in cash, contributions to pay, various creditors, and other accounts payable will be part of this line item, including in the latter overdrafts in checking accounts and the negative balance of the line item of cash and cash equivalents that in accordance with what is established in criterion B-1 Cash and cash equivalents must be presented as a liability.

Liabilities related to groups of assets held for sale

Liabilities related to groups of long-term assets held for sale, including discontinued operations, such as, retirement obligations linked to the disposal of assets, will be presented within this line item.

Financial instruments that qualify as liability

Contributions for future capital increases pending formalization by the shareholders' assembly, as well as those financial instruments that qualify as liability, in accordance with what is established in NIF C-12 Financial instruments with liability and equity characteristics, must be included in this line item.

Obligations associated with the removal of components of properties, furniture, and equipment

In this line item, obligations arising from the permanent removal of the service of a component of properties, furniture, and equipment will be included, in accordance with what is established in NIF C-18 Obligations associated with the removal of property, plant, and equipment.

Income tax liability

The amount corresponding to taxes accrued, as well as the amount resulting from deferred income tax liabilities, determined in accordance with what is established in NIF D-4 Income taxes, will be presented in this line item.

Employee benefits liability

The liability arising in accordance with what is established in NIF D-3 will be part of this line item.

Delayed credits and advance collections

This line item will be integrated by delayed credits and advance collections, such as, advance interest collections, commissions collected in advance, and those received on account of goods promised for sale or with reservation of ownership, among others.

Equity Capital

When the consolidated statement of financial position is prepared, the non-controlling interest representing the part of the subsidiary's equity capital that corresponds to non-controlling shareholders will be presented in a separate line, immediately after retained earnings.

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NAME OF THE COLLECTIVE FINANCING INSTITUTION

ADDRESS

STATEMENT OF FINANCIAL POSITION AS ___ OF _____________ OF _____

EXPRESSED IN PURCHASING POWER CURRENCY OF ____ OF ____

(Thousands of pesos)

OFF-BALANCE SHEET ACCOUNTS

OPERATIONS ON BEHALF OF CLIENTS OPERATIONS ON BEHALF OF OWN ACCOUNT

CLIENTS CURRENT ACCOUNTS CONTINGENT ASSETS AND LIABILITIES $

Applicants' Deposits

Debt $ RECEIVED COLLATERAL BY THE ENTITY

Capital Cash administered in trust
Co-ownership or royalties ______ Governmental Debt Investors' Deposits Bank Debt Other current accounts Other debt securities Equity financial instruments Other ______

CUSTODY OPERATIONS

Clients' Virtual Assets RECEIVED AND SOLD OR
Clients' Financial Instruments RECEIVED IN CUSTODY DELIVERED AS GUARANTEE BY THE ENTITY Other custody operations ______ Governmental Debt Bank Debt

ADMINISTRATION OPERATIONS Other debt securities Clients' Virtual Assets Equity financial instruments Clients' Financial Instruments RECEIVED IN ADMINISTRATION Other ______ Collateral received as guarantee on behalf of applicants

Collateral delivered as guarantee on behalf of clients OTHER REGISTRATION ACCOUNTS ______ Financial instrument purchase transactions Financial instrument sale transactions Goods in mandate Other administration transactions ______ TOTALS ON BEHALF OF CLIENTS $ TOTALS ON OWN ACCOUNT $

Friday January 20 2023 OFFICIAL GAZETTE 87
NAME OF THE COLLECTIVE FINANCING INSTITUTION
ADDRESS
STATEMENT OF FINANCIAL POSITION AS OF ___ OF __________ OF ___ EXPRESSED IN CURRENCY OF PURCHASING POWER OF ________ OF ___(1) (Amounts in thousands of pesos) ASSETS LIABILITIES AND EQUITY CASH AND CASH EQUIVALENTS $ STOCK MARKET LIABILITIES $ MARGIN ACCOUNTS (FINANCIAL INSTRUMENTS DERIVATIVES) BANK LOANS AND LOANS FROM OTHER ORGANISMS Short-term INVESTMENTS IN FINANCIAL INSTRUMENTS Long-term Negotiable financial instruments Financial instruments to collect or sell Financial instruments to collect principal and interest (securities) (net) CLIENTS INVESTED IN REPurchase AGREEMENTS COLLATERAL SOLD OR GIVEN AS GUARANTEE REPORTING DEBTORS Repurchase agreements Financial instrument derivatives FINANCIAL INSTRUMENTS DERIVATIVES Other collateral sold For trading purposes For hedging purposes FINANCIAL INSTRUMENTS DERIVATIVES For trading purposes VALUATION ADJUSTMENTS FOR HEDGING OF For hedging purposes FINANCIAL ASSETS VALUATION ADJUSTMENTS FOR HEDGING OF LIABILITIES FINANCIAL ASSETS

VIRTUAL ASSETS
LIABILITIES IN SECURITIZATION OPERATIONS
BENEFITS TO BE RECEIVED IN SECURITIZATION
OPERATIONS

LEASE LIABILITY
ACCOUNTS RECEIVABLE (NET)
OTHER ACCOUNTS PAYABLE
LONG-TERM ASSETS HELD FOR SALE OR FOR
DISTRIBUTION TO OWNERS
Creditors for settlement of operations
Creditors for margin accounts
ADVANCE PAYMENTS AND OTHER ASSETS Creditors for cash collateral received Contributions payable PROPERTY, PLANT AND EQUIPMENT (NET) Various creditors and other accounts payable RIGHT-OF-USE ASSETS FOR PROPERTY, PLANT AND EQUIPMENT (NET) LIABILITIES RELATED TO GROUPS OF ASSETS HELD FOR SALE

PERMANENT INVESTMENTS FINANCIAL INSTRUMENTS THAT QUALIFY AS LIABILITY

DEFERRED INCOME TAX ASSETS Subordinated obligations in circulation (NET) Contributions for future capital increases pending formalization by its shareholders' meeting

INTANGIBLE ASSETS (NET) Other
RIGHT-OF-USE ASSETS FOR INTANGIBLE ASSETS
(NET)
LIABILITIES ASSOCIATED WITH THE RETIREMENT
OF COMPONENTS OF PROPERTY, PLANT AND EQUIPMENT

MERCANTILE CREDIT INCOME TAX LIABILITY
EMPLOYEE BENEFITS LIABILITY
DEFERRED CREDITS AND ADVANCE CHARGES
TOTAL LIABILITIES $
ACCOUNTING EQUITY
CONTRIBUTED CAPITAL
Share capital
Contributions for future capital increases formalized by its shareholders' meeting Share premium Financial instruments that qualify as equity RETAINED EARNINGS Capital reserves Accumulated results Other comprehensive income Valuation of financial instruments to collect or sell Valuation of financial instrument derivatives for hedging of cash flows

Income and expenses related to assets held for disposal

Remeasurement of defined benefits to employees Accumulated effect from conversion Participation in OCI of other entities TOTAL CONTROLLING INTEREST TOTAL NON-CONTROLLING INTEREST TOTAL ACCOUNTING EQUITY $ TOTAL ASSETS $ TOTAL LIABILITIES AND ACCOUNTING EQUITY $ The concepts appearing in this statement are shown in an illustrative but not exhaustive manner. (1) This line item will be omitted if the economic environment is non-inflationary.

88 OFFICIAL GAZETTE Friday January 20 2023
D-2 STATEMENT OF COMPREHENSIVE INCOME
Background
Financial information must comply, among other things, with the objective of reporting the results of the operations of an entity during a defined accounting period, requiring the establishment, through specific criteria, of the object and general structure that the statement of comprehensive income must have. This is to obtain elements of judgment regarding, among other issues, the level of operational efficiency, profitability and financial risk. Objective and scope This criterion aims to establish the general characteristics for the presentation and structure of the statement of comprehensive income, the minimum content requirements and the general norms of disclosure. Whenever this financial statement is prepared, entities must adhere to the structure and guidelines provided in this criterion through which the presentation of this financial statement is sought to be homogenized among entities, and in this way, facilitate its comparability. The statement of comprehensive income aims to present information relative to the result of the operations of the entity during an accounting period. Concepts that make up the statement of comprehensive income In a broad context, the concepts that make up the statement of comprehensive income are: income, costs and expenses, net result and comprehensive result, considering as such the concepts thus defined in NIF A-1,
Chapter 50 Basic elements of financial statements.
Structure of the statement of comprehensive income The minimum items that the statement of comprehensive income must contain in entities are the following:
operating result; result before income tax; result from continuing operations; net result, and comprehensive result. Presentation of the statement of comprehensive income The items described above correspond to the minimum requirements for the presentation of the statement of comprehensive income, however, entities must break down either in the cited statement of comprehensive income, or through notes to the financial statements, the content of the concepts they consider necessary in order to show their results to the user of financial information. At the end of this criterion, a consolidated statement of comprehensive income is shown, prepared with the minimum items referred to in the previous paragraph. Characteristics of the items that make up the structure of the statement of comprehensive income Operating result The operating result is composed of the result from services, and the financial margin, increased or decreased by:
a) The result from intermediation, b) Other operating income (expenses) other than income or expenses for interest that have been included within the financial margin, and c) Administration and promotion expenses.

Friday January 20 2023 OFFICIAL GAZETTE 89
Result from services
Service result is considered to be the commissions generated by the provision of the entity's platform service for purposes of collective financing operations between applicants and investors, including the provision of services, among others, of management, transfer, custody or administration of resources on behalf of clients. Likewise, commissions charged and paid, among others, related to loans operated through the platform and debt placement are considered within the result from services. Financial margin The financial margin must be composed of the difference between interest income and interest expenses, increased or decreased by the net monetary position result, related to items in the financial margin (in the case of an inflationary environment). Interest income Interest income is considered to be the interest from financial operations, such as, deposits in financial entities, margin accounts, investments in financial instruments, repurchase operations, hedging operations, premiums for debt placement and dividends from instruments that qualify as equity financial instruments. Likewise, valuation adjustments derived from items denominated in UDIS or in some other general price index, as well as exchange gains, are considered as interest income, provided that such items come from positions related to income or expenses that form part of the financial margin. Interest expenses Interest expenses are considered to be the transaction costs, discounts and interest derived from stock market liabilities, bank loans and loans from other organizations, expenses arising from operations with financial instrument derivatives. In addition to those premiums paid for the early redemption of financial instruments that qualify as liability. Likewise, valuation adjustments derived from items denominated in UDIS or in some other general price index, as well as exchange losses on positions, are considered as interest expenses, provided that such concepts come from assets or liabilities related to expenses or income that form part of the financial margin. Likewise, interest expenses are considered to be those related to lease liabilities. Net monetary position result (financial margin) The net monetary position result referred to in paragraph 9, will be that which originates from items whose income or expenses form part of the financial margin (in the case of an inflationary environment). Result from intermediation Likewise, the result from intermediation is considered as part of the operating result, understood as the following concepts:
a) result from fair value valuation of negotiable financial instruments and financial instrument derivatives for trading or hedging purposes, valuation of the hedged item, as well as sold collateral; b) estimation of expected credit losses for investments in financial instruments; c) result from currency valuation; d) result from virtual asset valuation; e) result from sale and purchase of financial instruments and financial instrument derivatives;

90 OFFICIAL GAZETTE Friday January 20 2023 f) result from sale and purchase of virtual assets; g) result from sale and purchase of currencies; h) the result from the sale of received collateral; i) transaction costs for sale and purchase of negotiable financial instruments, and financial instrument derivatives, as well as virtual assets, and j) other financial results. Other operating income (expenses) Additionally, other operating income (expenses) are recognized within the operating result, considered as such the income and expenses derived from the entity's operations and that are not included in the previous paragraphs, nor form part of administration and promotion expenses, such as:
a) costs, expenses and commissions derived from collection management; b) recoveries of taxes and excess in benefits to be received in securitization operations; c) adjustments to the estimation of expected credit losses; d) losses; e) donations; f) loss in custody and administration of goods; g) loss in mandate operations; h) loss from impairment or effect from reversal of impairment of other long-term assets held for sale; i) interest charges in financing for asset acquisition; j) result in sale of property, plant and equipment; k) cancellation of other liability accounts; l) interest income from loans to officials and employees; m) rental income; n) result from valuation of the asset (or liability) for administration of transferred financial assets, as well as benefits to be received in securitization operations, and o) other items of operating income (expenses). In addition to the previously mentioned items, the net monetary position result, in the case of an inflationary environment, and the exchange result generated by items not related to the financial margin of the entities will be presented in the item of other operating income (expenses). Administration and promotion expenses Finally, administration and promotion expenses must be considered within the operating result, which must include all types of direct short-term benefits granted to the entity's employees, PTU (Profit Sharing) incurred and deferred, the net cost of the period derived from long-term employee benefits, fees, rents (for example, variable payments for lease, short-term leases), insurance and bonds, promotion and advertising expenses, taxes and various rights, non-deductible expenses, technology expenses, depreciation, amortization, loss from impairment or effect from reversal of impairment of real estate and other assets in use, maintenance expenses, as well as inspection and surveillance fees from CNBV, and other administration and promotion expenses.

Friday January 20 2023 OFFICIAL GAZETTE 91
Result before income tax
It will be the operating result, incorporating the participation in the net result of other entities, increased or decreased in its case by the effects of impairment and its reversals, the dividends from permanent investments, the adjustments associated with other permanent investments, and the valuation effects of permanent investments available for sale. Result from continuing operations It is the result before income tax, decreased by the effect of income tax expenses incurred in the period, increased or decreased, as the case may be, by the effects of deferred income taxes generated or realized in the period, in its case, net of its estimation. Net result It corresponds to the result from continuing operations, increased or decreased as appropriate, by discontinued operations referred to in NIF B-11 Disposal of long-term assets and discontinued operations. Comprehensive result It corresponds to the net result increased or decreased by the OCI of the period, net of the effects of income tax and PTU related, as well as the participation in the OCI of other entities. OCI will be composed of valuation of financial instruments to collect or sell, valuation of financial instrument derivatives for hedging of cash flows, income and expenses related to assets held for disposal, remeasurement of defined benefits to employees and accumulated effect from conversion. Disclosure norms The following must be disclosed in notes to the financial statements:
a) detail of commissions charged to applicants and investors, segregating those generated under the schemes in which the entity and investors share the risks of debt collective financing operations; b) detail of commissions incurred for the provision of the entity's services; c) composition of the financial margin, identifying by type of currency the interest income and interest expenses, distinguishing the type of operation from which they originate (investments in financial instruments, repurchase agreements, sold collateral, as well as stock market liabilities and bank loans and loans from other organizations, among others); d) composition of the result from intermediation, identifying the result from fair value valuation and, if applicable, the result from sale and purchase, according to the type of operation from which they originate (investments in financial instruments, virtual assets, as well as sold collateral); e) the detail of income taxes incurred and deferred; f) the detail of the movements of OCI net of income tax, corresponding to the period effect and to the recycling that, if applicable, was carried out; g) the amounts of income tax, as well as PTU related to OCI, and h) the amount of basic earnings or loss per share and diluted earnings or loss per share, in case the entity trades on the stock exchange. The determination of both amounts must be made based on the NIF relative to earnings per share.

92 OFFICIAL GAZETTE Friday January 20 2023
NAME OF THE COLLECTIVE FINANCING INSTITUTION
ADDRESS
STATEMENT OF COMPREHENSIVE INCOME FROM ____________ TO _____________ OF _____ EXPRESSED IN CURRENCY OF PURCHASING POWER OF _______ OF (1) (Amounts in thousands of pesos) Commissions charged $ Commissions paid "_ Result from services " Interest income " Interest expenses " Net monetary position result (financial margin) "________ "________ Financial margin " Result from intermediation " Other operating income (expenses) " Administration and promotion expenses "________ ________ OPERATING RESULT " Participation in the net result of other entities ________ RESULT BEFORE INCOME TAX " Income tax " RESULT FROM CONTINUING OPERATIONS " Discontinued operations ________ NET RESULT $________ Other comprehensive income Valuation of financial instruments to collect or sell " Valuation of financial instrument derivatives for hedging of cash flows " Income and expenses related to assets held for disposal " Remeasurement of defined benefits to employees " Accumulated effect from conversion "______ " Participation in OCI of other entities " COMPREHENSIVE RESULT $________ Net result attributable to:
Controlling interest "
Non-controlling interest "_______ ________
Comprehensive result attributable to:
Controlling interest "
Non-controlling interest "________ $________
Basic earnings per ordinary share $
The concepts appearing in this statement are shown in an illustrative but not exhaustive manner.
(1) This line item will be omitted if the economic environment is "non-inflationary".

Friday January 20 2023 OFFICIAL GAZETTE 93
D-3 STATEMENT OF CHANGES IN ACCOUNTING EQUITY
Background
Financial information must comply, among other things, with the objective of reporting the modifications in the owners' investment during a defined accounting period, requiring the establishment, through specific criteria, of the objectives and general structure that the statement of changes in accounting equity must have, with the purpose of evaluating, among other issues, the profitability indices of the entity, both from a specific accounting period, as well as cumulatively to the date of the financial statements. Objective and scope This criterion aims to establish the general characteristics for the presentation and the structure that the statement of changes in accounting equity of entities must have, the minimum content requirements and the general norms of disclosure. This, with the purpose of homogenizing the presentation of this financial statement among entities and in this way, facilitate its comparability. The statement of changes in accounting equity aims to present the movements between the initial and final balances of contributed capital and retained earnings during an accounting period. In general and non-limiting terms, the main items that make up accounting equity are:
a) contributed capital, which is composed of the portion of accounting equity integrated by the contributions of the owners received by the entity and the amount of financial instruments issued by the entity that qualify as equity. They also include certain contributions for future capital increases, premiums in issuance or sale of shares and financial instruments that qualify as equity, and b) retained earnings, which is composed of accumulated comprehensive results, as well as reserves created by shareholders. Therefore, the basic elements of the statement of changes in accounting equity of entities are:
owner movements, reserve movements and comprehensive result, in accordance with NIF A-1,
Chapter 50, Basic elements of financial statements.
The movements presented in the statement of changes in accounting equity must be segregated into the amounts that correspond to the:
a) controlling interest, which is the portion of the accounting equity of the subsidiaries that belongs to the controlling company, and b) non-controlling interest, which is the portion of the accounting equity of the subsidiaries that belongs to owners other than the controlling company. This criterion does not aim to establish the mechanism by which the aforementioned movements are determined, as they are subject to accounting criteria for collective financing institutions or specific NIFs established for this purpose. Structure of the statement of changes in accounting equity The statement of changes in accounting equity must present in a segregated manner, for each period for which it is presented, the amounts relative, if applicable, to:
a) initial balances of accounting equity; b) adjustments for retrospective application due to accounting changes and error corrections; c) adjusted initial balances; d) owner movements; e) reserve movements; f) comprehensive result, and g) final balances of accounting equity. Initial balances of accounting equity In this line item, the book values of each of the items of accounting equity with which the entity started each period for which the statement of changes in accounting equity is presented must be shown. Adjustments for retrospective application due to accounting changes and error corrections It corresponds to the adjustments derived from the retrospective application established in NIF B-1 Accounting changes and error corrections. When retrospective adjustments have been determined that consequently affect the initial balances of the period, the corresponding amounts must:
a) be presented immediately after the initial balances, as they are adjustments to them, and b) be presented in a segregated manner by the amounts that affect each item of accounting equity.

94 OFFICIAL GAZETTE Friday January 20, 2023

In cases where, within the same accounting period, retrospective adjustments have been determined both for accounting changes and for error corrections, both amounts must be presented separately within the body of the statement of changes in shareholders' equity.

Adjusted initial balances
They result from the algebraic sum of the initial balances of shareholders' equity and the adjustments for retrospective application to each item individually.

Owner movements
They are changes to contributed capital or, where applicable, to earned capital, during an accounting period, derived from the decisions made by owners regarding their investment in the entity. Some examples of this type of movements are the following:
a) capital contributions; b) capital refunds; c) declaration of dividends; d) capitalization of items from contributed capital; e) capitalization of comprehensive income; f) capitalization of reserves, and g) changes in controlling interest that do not imply loss of control. Movements corresponding to contributions from owners must be shown separately from those that are distributions to them, that is, they must not be shown net.

Reserve movements
In this line item, amounts representing increases or decreases to capital reserves must be shown.

Comprehensive income
It refers to the increase or decrease in the earned capital of an entity derived from its operation, during an accounting period, originated by net profit or loss, plus other comprehensive income. In this line item, comprehensive income will be presented broken down into the following components:
a) net result of the period; b) other comprehensive income (OCI), and c) participation in OCI of other entities.
Likewise, the net movement of the period of the components of comprehensive income must be presented; as net movement, it must be understood as OCI net of income tax, employee participation in profits (PTU), and recycling of OCI.

Ending balances of shareholders' equity
The ending balances of shareholders' equity are determined by the algebraic sum of the adjusted initial balances of each of the items of shareholders' equity plus owner movements, reserve movements, and comprehensive income.

Presentation of the statement of changes in shareholders' equity The concepts described above correspond to the minimum requirements for the presentation of the statement of changes in shareholders' equity; however, entities must break down, either in the cited statement of changes in shareholders' equity or through notes to the financial statements, the content of the concepts they consider necessary so that users of financial information understand the movements that affected the shareholders' equity of the entities in the period. At the end of this criterion, a statement of changes in shareholders' equity prepared with the requirements referred to in this criterion is shown.

General considerations
In case of an inflationary environment, all balances and movements incorporated in the statement of changes in shareholders' equity must be shown expressed in monetary units of purchasing power relative to the date of the financial statements.

Disclosure standards
The following must be disclosed in notes to the financial statements:
a) the amount of dividends distributed in the period, the manner in which they were paid, as well as the dividend per share data; b) the reason for capital refunds made in the period, and c) a description of how the capital contributions of the period were made.

NAME OF THE COLLECTIVE FINANCING INSTITUTION
ADDRESS
STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY OF ___ FROM __________ TO ___ OF ___________ OF ___ EXPRESSED IN CURRENCY OF PURCHASING POWER OF _____ OF _____ (1) (Amounts in thousands of pesos) CONCEPT CONTRIBUTED CAPITAL EARNED CAPITAL Total Controlling interest participation Non-controlling interest participation Total shareholders' equity Social capital Contributions for future increases in capital formalized by its shareholders' assembly Premium on sale of shares Financial instruments that qualify as capital Capital reserves Accumulated results Valuation of financial instruments to collect or sell Valuation of derivative financial instruments from hedging of cash flows Income and expenses related to assets held for disposal Remediation of defined benefits to employees Accumulated effect by conversion Participation in OCI of other entities Balance at ___ of __________ of ___ Retrospective adjustments for accounting changes Retrospective adjustments for correction of errors Balance at ____ of _____ of _____ adjusted OWNER MOVEMENTS Capital contributions Capital refunds Declaration of dividends Capitalization of other items of shareholders' equity Changes in controlling interest that do not imply loss of control Total RESERVE MOVEMENTS Capital reserves COMPREHENSIVE INCOME Net result Other comprehensive income

• Valuation of financial instruments
  to collect or sell
• Valuation of financial instruments derived from
  hedging of cash flows
• Income and expenses
  related to assets held for disposal
• Remediation of defined
  benefits to employees
• Accumulated effect by
  conversion
  Participation in OCI of other entities
  Total
  Balance at ___ of __________ of

---

The concepts appearing in this statement are shown in an enumerative but not exhaustive manner.
(1) This line item will be omitted if the economic environment is non-inflationary.

96 OFFICIAL GAZETTE Friday January 20, 2023
D-4 STATEMENT OF CASH FLOWS
Background
Financial information must fulfill, among other things, the purpose of showing the manner in which entities generate and use cash and cash equivalents, which are essential to maintain their operation, cover their obligations, as well as distribute dividends. Objective and scope This criterion aims to establish the general characteristics for the presentation, structure, and elaboration of the statement of cash flows of entities, as well as the disclosures that complement said financial statement. Likewise, minimum guidelines are established, with the purpose of homogenizing the presentation of this financial statement among entities and, in this way, facilitating its comparability. The statement of cash flows has as its main objective to provide users of basic financial statements with information regarding the inflows and outflows of cash during an accounting period. When the statement of cash flows is used together with the rest of the financial statements, it provides information that allows users to:
a) evaluate changes in the assets and liabilities of the entity and in its financial structure (including its liquidity and solvency), and b) evaluate both the amounts and the dates of collections and payments, in order to adapt to the circumstances and to the opportunities for generation and application of cash and cash equivalents. Likewise, the statement of cash flows presents the operations that were carried out in the period, that is, those that were materialized with the collection or payment of the item in question; while the statement of comprehensive income shows the operations accrued in the same period, that is, when they are recognized accounting-wise at the moment they economically affect the entity, regardless of the date in which they are considered carried out for accounting purposes. The statement of cash flows allows entities to improve the comparability of information on operational performance with different entities, because it eliminates the effects generated by the use of different accounting treatments for the same transactions and economic events. Historical information on cash flows is used as an indicator of the amount, timing of generation, and probability of future cash flows. Likewise, such information is useful to verify the accuracy of forecasts made in the past of future cash flows, to analyze the relationship between profitability and net cash flows, as well as, where applicable, the effects of inflation when there is an inflationary environment. Definition of terms Financing activities.- Those related to the obtaining, as well as the remuneration and compensation of funds coming from: i) the owners of the entity; ii) creditors granting financing not related to usual operating activities, and iii) the issuance by the entity, of financial instruments that qualify as liability or well of financial instruments that qualify as capital. Investing activities.- Those related to the acquisition and disposal of: i) properties, furniture and equipment, intangible assets and other assets intended for use or for the provision of services; ii) long-term financial instruments; iii) permanent investments in financial instruments that qualify as capital; and iv) activities related to the granting and recovery of loans not related to operating activities. Operating activities.- Those that constitute the main source of income for the entity, include other activities that cannot be classified as investing or financing. Cash and cash equivalents.- This concept will be understood as what is established for this effect by criterion B-1 Cash and cash equivalents. Cash inflows.- They are increases in cash during an accounting period, generated by the decrease of any other asset other than cash, the increase in liabilities, or by increases to capital by the shareholders of the entity. Cash flows.- They are inflows and outflows of cash and cash equivalents. Movements between the items that constitute cash and cash equivalents will not be
considered cash flows, since these components are part of the administration of cash and cash equivalents of the entity, rather than its operating, investing, or financing activities.

Friday January 20, 2023 OFFICIAL GAZETTE 97
Cash outflows.- They are decreases in cash during an accounting period, generated by the increase of any other asset other than cash, the decrease in liabilities, or by the disposal of capital by the shareholders. Nominal value.- It is the amount in monetary units expressed in bills, coins, securities, and instruments. Presentation standards General considerations Entities must exclude from the statement of cash flows, all operations that did not affect cash flows. For example:
a) conversion of debt to capital and distribution of dividends in shares; b) acquisition of an entity with payment in shares; c) share payments to employees; d) operations negotiated with exchange of assets; e) creation of reserves and any other transfer between shareholders' equity accounts, and f) effects from recognition of fair value. Structure of the statement of cash flows Entities must classify and present cash flows, according to their nature, in operating, investing, and financing activities, attending to their economic substance and not to the form used to carry them out. The structure of the statement of cash flows must include, as a minimum, the following items:
operating activities; investing activities; financing activities; net increase or decrease in cash and cash equivalents; effects from changes in the value of cash and cash equivalents; cash and cash equivalents at the beginning of the period, and cash and cash equivalents at the end of the period. Operating activities Cash flows from operating activities are an indicator of the extent to which these activities have generated sufficient liquid funds to maintain the operating capacity of the entity, to make new investments without resorting to external sources of financing and, where applicable, to pay financing and dividends. Because the cash flows related to these activities are those derived from the operations that constitute the main source of income of the entity, in this section activities that intervene in the determination of its net result are included, except those that are associated either with investing or financing activities. Some examples of cash flows from operating activities are:
a) Payments for the acquisition of investments in financial instruments (securities). b) Payment of premiums for the acquisition of options. c) Collection of premiums for the sale of options. d) Cash and cash equivalents outflows for repo debtors. e) Cash and cash equivalents outflows from accounts receivable. f) Cash and cash equivalents inflows from securities liabilities. g) Cash and cash equivalents outflows from securities liabilities. h) Cash and cash equivalents inflows from the purchase and sale of virtual assets. i) Cash and cash equivalents outflows from the purchase and sale of virtual assets. j) Cash and cash equivalents inflows from sold or pledged collateral.

96 OFFICIAL GAZETTE Friday January 20, 2023 k) Collection of income from interest to which criterion D-2 Statement of Comprehensive Income refers, as well as its main associate, that come from, among others, the following concepts:

• cash and cash equivalents (with the exception of profit or loss from changes coming from this concept);
• margin accounts (derivative financial instruments);
• investments in financial instruments, and
• repo debtors.
  l) Payment of interest expenses to which criterion D-2 refers, as well as its main associate, that come from, among others, the following concepts:
• securities liabilities;
• bank loans and from other organizations, and
• financial instruments that qualify as liability.
  m) Collections and payments, as appropriate, of commissions and fees generated by:
• loans received;
• debt placement, and
• provision of services (purchase and sale of financial instruments, transfer of funds, custody or administration of resources on behalf of clients, among others).
  n) Collections and payments from the purchase and sale of currencies, investments in financial instruments, and derivative financial instruments. o) Collections and payments from securitization operations. p) Collections and payments related to derivative financial instruments for trading purposes. q) Collections and payments associated with derivative financial instruments for hedging of covered items that are classified as operating activities. r) Payments for direct benefits to employees, fees, rents, promotion and advertising expenses, among other administrative expenses. s) Payment of income tax. t) Refunds of income tax. Income tax Cash flows related to income tax must be presented in a separate line item within the classification of operating activities, unless it is practical to relate them to investing or financing activities, as is the case of the tax derived from discontinued operations, which is related to investing activities. Investing activities Cash flows related to investing activities represent the extent to which entities have allocated resources to items that will generate income and cash flows in the medium and long term. Cash flows from investing activities are, for example, the following:
  a) Payments for long-term financial instruments. b) Collections from long-term financial instruments. c) Payments for the acquisition of properties, furniture, and equipment. d) Collections from the disposal of properties, furniture, and equipment. e) Payments for discontinued operations. f) Collections from discontinued operations. g) Payments for the acquisition of subsidiaries. h) Collections from the disposal of subsidiaries. i) Payments for the acquisition of associates, joint ventures, and other permanent investments. j) Collections from the disposal of associates, joint ventures, and other permanent investments. k) Collection of dividends in cash and cash equivalents from permanent investments.

Friday January 20, 2023 OFFICIAL GAZETTE 99 l) Payments for the acquisition of intangible assets. m) Collections from the disposal of intangible assets. n) Collections associated with derivative financial instruments for hedging of covered items that are classified as investing activities. o) Payments associated with derivative financial instruments for hedging of covered items that are classified as investing activities. Acquisitions and disposals of subsidiaries and other businesses Cash flows derived from acquisitions or disposals of subsidiaries and other businesses must be classified in investing activities; likewise, they must be presented in a single separate line item that involves the entire acquisition operation or, where applicable, the disposal operation, instead of presenting the individual acquisition or disposal of the assets and liabilities of said businesses at the date of acquisition or disposal. Cash flows derived from acquisitions must not be offset with those from disposals. Cash flows paid for the acquisition of subsidiaries and other businesses must be presented net of the balance of cash and cash equivalents acquired in said operation. Cash flows collected from the disposal of subsidiaries and other businesses (discontinued operations) must be presented net of the balance of cash and cash equivalents disposed of in said operation. Likewise, this amount must be net of the income tax attributable to such disposal. In the case of foreign operations, this net amount must be shown net of the accumulated adjustment for conversion attributable to said operations. Financing activities Cash flows generated by financing activities show the entity's ability to restore to its owners and creditors, the resources they allocated at the time to the entity and, where applicable, to pay them returns. Cash flows from financing activities are, for example, the following:
a) Collections from obtaining bank loans and from other organizations. b) Payments of bank loans and from other organizations. c) Collections in cash and cash equivalents from the issuance or generation of shares of its own entity, net of related issuance expenses. d) Payments in cash and cash equivalents to owners for refunds of social capital, dividends, or associated with the repurchase of its own shares. e) Collections from the issuance of financial instruments that qualify as capital. f) Payments associated with financial instruments that qualify as capital. g) Collections from the issuance of financial instruments that qualify as liability. h) Payments associated with financial instruments that qualify as liability. Net increase or decrease in cash and cash equivalents After classifying cash flows in operating activities, investing activities, and financing activities, the net cash flows from these three sections must be presented. Effects from changes in the value of cash and cash equivalents Entities must present in a separate line item, as appropriate, the following:
a) the effects from conversion referred to in paragraph 43, which arise from having used different exchange rates for the conversion of the initial balance, the final balance, and the cash and cash equivalents flows, of a foreign operation; b) the effects from profit or loss from changes in cash and cash equivalents referred to in paragraph 46, which includes the difference generated by the conversion of the initial balance of cash and cash equivalents at the closing day exchange rate of the previous period, published by the Bank of Mexico on its Internet page, www.banxico.org.mx, or the one that replaces it, and of the final balance of cash and cash equivalents at the closing day exchange rate of the current period, published by the Bank of Mexico on the referred Internet page; c) the effects in the balances of cash and cash equivalents from changes in their value resulting from fluctuations in the exchange rate and in their fair value, and d) the effects from inflation associated with the balances and the cash and cash equivalents flows of any of the entities that make up the consolidated economic entity and that are in an inflationary economic environment.

10 0 OFFICIAL GAZETTE Friday January 20, 2023
The effects referred to in the previous paragraph must be presented in the statement of cash flows in a segregated manner to allow adequate reconciliation between the cash balance at the beginning and end of the period. Cash and cash equivalents at the beginning of the period Entities must present a separate line item titled Cash and cash equivalents at the beginning of the period, which corresponds to the balance of cash and cash equivalents presented in the statement of financial position at the end of the previous period (including restricted cash and cash equivalents), in order to reconcile it with the balance of cash and cash equivalents at the end of the current period. Cash and cash equivalents at the end of the period Entities must present a separate line item titled Cash and cash equivalents at the end of the period, which must be determined by the algebraic sum of the items: Net increase in cash and cash equivalents or Net decrease in cash and cash equivalents, Effects due to changes in the value of cash and cash equivalents, and Cash and cash equivalents at the beginning of the period. This sum must correspond to the balance of cash and cash equivalents presented in the statement of financial position at the end of the period. Additional considerations Derivative financial instruments for hedging purposes When a derivative financial instrument is held for hedging purposes, the cash flows of said instrument must be classified in the same manner as the cash flows associated with the hedged item. Dividends Cash flows derived from dividends received must be presented in a specific line item within the same group of activities in which the cash flows of the item with which they are associated are presented. For example: inflows of cash flows from dividends received on investments in financial instruments must be presented, like those instruments, in operating activities; if the dividends received derive from a permanent investment in an associate entity, such cash flows must be presented in investing activities. Outflows of cash for paid dividends must be presented in financing activities because they represent remuneration to the owners of an entity for resources obtained from their share. Procedure for preparing the statement of cash flows To determine and present the cash flows from operating activities, the entity must apply the indirect method, through which the result before income taxes is increased or decreased; this amount is adjusted for the effects of prior period operations collected or paid in the current period and; for current period operations of deferred collection or payment into the future; likewise, it is adjusted for operations that are associated with investing or financing activities. Cash flows related to operating activities must be determined by increasing or decreasing the result before income taxes by the effects of:
a) items considered associated with:
i. investing activities, for example, depreciation and gain or loss on the sale of property, plant and equipment, amortization of intangible assets, impairment losses on long-lived assets, as well as participation in the net result of other entities;
ii. financing activities, for example, interest associated with bank loans and from other bodies and interest associated with financial instruments that qualify as capital.
b) changes that occur during the period in the items that form part of the entity's working capital; that is, that occur in the balances of the operational items in the statement of financial position of the entities during the period, such as those indicated in paragraph 20. Investing and financing activities Entities must determine and present separately, after the operating activities line item, the cash flows derived from the main concepts of gross receipts and payments related to investing and financing activities, meaning that receipts and payments shall not be offset against each other. Conversion of the statement of cash flows of a foreign operation to the reporting currency In the conversion of the statement of cash flows from the functional currency to the reporting currency of a foreign operation located in a non-inflationary economic environment, entities must comply with the following:

Friday January 20, 2023 OFFICIAL GAZETTE 10 1 a) the cash flows of the period must be converted at the historical closing exchange rate of the day, on the date on which each relevant flow was generated, which will be that published by the Bank of Mexico on its Internet website, www.banxico.org.mx, or the one that replaces it; b) the initial balance of cash and cash equivalents must be converted at the closing exchange rate of the day on the closing date of the previous period, which will be published by the Bank of Mexico on the aforementioned website, and c) the final balance of cash and cash equivalents must be converted at the closing exchange rate of the day on the closing date of the current period, which will be published by the Bank of Mexico on the aforementioned website. In the conversion of the statement of cash flows from the functional currency to the reporting currency of a foreign operation located in an inflationary economic environment, entities must comply with the following:
a) the cash flows of the period must be converted at the closing exchange rate of the day on the closing date of the current period, which will be published by the Bank of Mexico on its Internet website, www.banxico.org.mx, or the one that replaces it; b) the initial balance of cash and cash equivalents must be converted at the closing exchange rate of the day on the closing date of the current period, which will be published by the Bank of Mexico on the aforementioned website, and c) the final balance of cash and cash equivalents must be converted at the closing exchange rate of the day on the closing date of the current period, which will be published by the Bank of Mexico on the aforementioned website. For the conversion of the cash flows of the period, for practical reasons, a representative exchange rate of the conditions existing on the dates when the cash flows were generated may be used, such as the weighted average exchange rate of the period; notwithstanding the foregoing, when exchange rates have varied significantly during the period, such exchange rate should not be used. The effect arising from having used different exchange rates for the conversion of the initial balance, the final balance, and the cash flows must be presented in the line item called Effects due to changes in the value of cash and cash equivalents, as referred to in paragraph 30. This effect must correspond to what would have been obtained had both the initial balance of cash and the cash flows of the period been converted at the closing exchange rate used to convert the final balance of cash and cash equivalents. Conversion of balances or cash flows in foreign currency In order to determine the changes in the balances of operational items in foreign currency of operating activities, these must be converted at the closing exchange rate of the day published by the Bank of Mexico on its Internet website, www.banxico.org.mx, or the one that replaces it, on the closing date. Cash flows from foreign currency transactions related to investing and financing activities will be converted to the entity's reporting currency by applying to the amount in foreign currency the closing exchange rate of the day on the date on which each flow occurred, which will be that published by the Bank of Mexico on the aforementioned Internet page. Gains or losses arising from variations in the exchange rate are not cash flows. However, the effect of variations in the exchange rate of cash and cash equivalents held or payable in foreign currency is presented in the statement of cash flows in order to reconcile cash and cash equivalents at the beginning and end of the period. Such effect must be presented separately from the line items of operating, investing, and financing activities, within the line item called Effects due to changes in the value of cash and cash equivalents, as referred to in paragraph 30, which includes the differences, if any, of having presented the cash flows at the
closing exchange rate of the current period. Effects of inflation When, in terms of what is established in NIF B-10 Effects of inflation, the economic environment corresponds to a non-inflationary environment, entities must present their statement of cash flows expressed in nominal values, whereas if said economic environment is inflationary, entities must present their statement of cash flows expressed in monetary units of purchasing power at the closing date of the current period. In cases where the economic environment of the entities is inflationary, as part of the operations that did not affect cash flows, the effects of inflation recognized in the period within the financial statements must be excluded, in order to determine a statement of cash flows at nominal values. Such cash flows must be presented expressed in monetary units of purchasing power at the closing date of the current period.

10 2 OFFICIAL GAZETTE Friday January 20, 2023
When the environment of the entities has changed from non-inflationary to inflationary, the statements of cash flows of previous periods must be presented expressed in monetary units of purchasing power of the closing date of the current period. In cases where the economic environment of the entities has changed from inflationary to non-inflationary, the statements of cash flows of previous periods must be presented expressed in the monetary units of purchasing power of the last statement of cash flows presented within an inflationary environment and included in said comparative presentation. Investments in other entities Cash flows between the holding entity and its unconsolidated subsidiaries, associates, and joint ventures must be presented in the statement of cash flows, meaning they must not be eliminated; for example, cash flows related to intercompany operations or to the collection and payment of dividends. In the preparation of the consolidated statement of cash flows, cash flows that occurred during the period between the entities that form part of the economic entity being consolidated must be eliminated. For example, cash flows derived from intercompany operations, capital contributions, and paid dividends. In cases where a controlling entity purchases or sells shares of a subsidiary to the non-controlling interest, the cash flows associated with said operation must be presented as financing activities, within the consolidated statement of cash flows. The foregoing, because this operation is considered a transaction between owners. Disclosure standards The following must be disclosed in notes to the financial statements:
a) when cash flows related to income taxes have been segregated in the different groups of activities within the statement of cash flows, total flows for said taxes must be disclosed; b) the amount of unused loans that may be available for operating activities or for the payment of investing or financing operations, indicating restrictions on the use of funds from said loans; c) relevant investing and financing operations that have not required the use of cash or cash equivalents. For example, the acquisition of property, plant and equipment through financing; d) the total amount of cash flows representing surpluses for future investments or for payments of financings or returns to owners, as well as those increases in operating capacity, separated from cash flows that are essentially required to maintain the entity's operating capacity, and e) in relevant changes, whether they have required the use of cash or cash equivalents or not, in liabilities considered as part of financing activities, preferably, a reconciliation of the initial and final balances of said items must be made. An entity must disclose regarding liabilities from financing activities, the following:
i. changes in cash flows;
ii. changes derived from obtaining or losing control of subsidiaries and other businesses;
iii. the effect of changes due to currency fluctuations;
iv. changes in associated financial assets, whose cash flows must be presented as part of financing activities, such as, changes in financial assets used as hedges of financial liabilities, and
v. other changes considered relevant.
Likewise, the following must be disclosed with respect to acquisitions and disposals of subsidiaries and other entities:
a) the total consideration derived from said acquisitions or disposals breaking down:
i) the portion of the consideration paid or received in cash and cash equivalents, and ii) the amount of cash and cash equivalents received that the acquired or disposed subsidiary or entity had on the date of acquisition or disposal; b) the amount of assets and liabilities other than cash and cash equivalents of the acquired or disposed subsidiary or entity on the date of acquisition or disposal. These amounts must be grouped by important line items, and c) the amount of income tax attributable to the disposals of subsidiaries and other entities.

Friday January 20, 2023 OFFICIAL GAZETTE 10 3
NAME OF THE COLLECTIVE FINANCING INSTITUTION
ADDRESS
STATEMENT OF CASH FLOWS FROM __ OF __________ TO __ OF __________ OF _______ EXPRESSED IN MONETARY UNITS OF PURCHASING POWER OF _______ OF . (1) (Amounts in thousands of pesos) Operating Activities $___ Result before income taxes Adjustments for items associated with investing activities:
Depreciation of property, plant and equipment " Amortization of intangible assets " Losses or reversal of losses on impairment of long-lived assets " Participation in the net result of other entities " Other adjustments for items associated with investing activities " Discontinued operations " Long-lived assets held for sale or for distribution to owners " Adjustments for items associated with financing activities:
Interest associated with bank loans and from other bodies " Interest associated with financial instruments that qualify as liability " Interest associated with financial instruments that qualify as capital " Other interest " " Sum Changes in operational items Changes in bank loans and from other bodies Change in margin accounts (derivative financial instruments) " Change in investments in financial instruments (securities) (net) " Change in repo debtors (net) " Change in derivative financial instruments (asset) " Change in benefits to receive in securitization operations " Change in virtual assets " Change in accounts receivable (net) " Change in other operational assets (net) " Change in bond liabilities " Change in collateral sold or pledged " Change in derivative financial instruments (liability) " Change in obligations in securitization operations " Change in other operational liabilities " Change in hedging derivative financial instruments (of hedged items related to operating activities) " Change in employee benefit assets/liabilities " Change in other accounts payable " Change in other provisions Refunds of income taxes Payments of income taxes Net cash flows from operating activities "

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Investing Activities
Payments for long-term financial instruments " Receipts from long-term financial instruments " Payments for acquisition of property, plant and equipment " Receipts from disposal of property, plant and equipment " Payments for discontinued operations " Receipts from discontinued operations " Payments for acquisition of subsidiaries " Receipts from disposal of subsidiaries " Payments for acquisition of associates, joint ventures, and other permanent investments " Receipts from disposal of associates, joint ventures, and other permanent investments " Receipts of cash dividends from permanent investments " Payments for acquisition of intangible assets " Receipts from disposal of intangible assets " Receipts associated with hedging derivative financial instruments (of hedged items related to investing activities) " Payments associated with hedging derivative financial instruments (of hedged items related to investing activities) " Other receipts from investing activities " Other payments for investing activities " Net cash flows from investing activities " Financing Activities Receipts from obtaining bank loans and from other bodies " Payments of bank loans and from other bodies " Payments of lease liability " Receipts from issuance of shares " Payments for return of share capital " Receipts from issuance of financial instruments that qualify as capital " Payments associated with financial instruments that qualify as capital " Payments of cash dividends " Payments associated with repurchase of own shares " Receipts from issuance of financial instruments that qualify as liability " Payments associated with financial instruments that qualify as liability " Payments for interest on lease liability " Receipts associated with hedging derivative financial instruments (of hedged items related to financing activities) " Payments associated with hedging derivative financial instruments (of hedged items related to financing activities) " Other receipts from financing activities " Other payments for financing activities " Net cash flows from financing activities " Net increase or decrease in cash and cash equivalents $ Effects due to changes in the value of cash and cash equivalents " Cash and cash equivalents at the beginning of the period " Cash and cash equivalents at the end of the period $__________ The concepts appearing in this statement are shown in an illustrative rather than exhaustive manner. (1) This line will be omitted if the economic environment is "non-inflationary".

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ANNEX 7
Accounting criteria for electronic payment fund institutions CONTENT Series A. Criteria relating to the general scheme of accounting for electronic payment fund institutions A - 1 Basic scheme of the set of accounting criteria applicable to electronic payment fund institutions A - 2 Application of particular standards A - 3 Application of general standards A - 4 Supplementary application to accounting criteria Series B. Criteria relating to the concepts that make up the financial statements B - 1 Cash and cash equivalents B - 2 Repos B - 3 Custody and administration of goods B - 4 Mandate B - 5 Repealed Series C. Criteria applicable to specific concepts C - 1 Securitization operations Series D. Criteria relating to the basic financial statements D - 1 Statement of financial position D - 2 Statement of comprehensive income D - 3 Statement of changes in equity D - 4 Statement of cash flows A-1 BASIC SCHEME OF THE SET OF ACCOUNTING CRITERIA APPLICABLE TO ELECTRONIC PAYMENT FUND INSTITUTIONS Objective This criterion aims to define the basic scheme of the set of accounting guidelines applicable to electronic payment fund institutions (the entities). Concepts that make up the basic structure of accounting in the entities The accounting of the entities will adhere to the basic structure that, for the application of Financial Reporting Standards (NIF), was defined by the Mexican Council of Financial Reporting Standards, A.C. (CINIF), in NIF A-1 Conceptual framework of financial reporting standards (NIF A-1). Therefore, the entities will consider first the standards contained in NIF A-1, as well as what is established in criterion A-4 Supplementary application to accounting criteria. In this way, the entities will observe the accounting guidelines of the NIF, except when, in the judgment of the National Banking and Securities Commission (CNBV), it is necessary to apply specific regulations or a specific accounting criterion, taking into consideration that the entities carry out specialized operations. The CNBV regulations referred to in the previous paragraph will be at the level of recognition, valuation, presentation, and if applicable, disclosure standards, applicable to specific line items within the entities' financial statements, as well as those applicable to their preparation. The application of accounting criteria, nor the concept of supplementarity, will not proceed in the case of operations that by express legislation are not permitted or are prohibited, or well, are not expressly authorized to the entities.

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A-2 APPLICATION OF PARTICULAR STANDARDS
Objective and scope
This criterion aims to clarify the application of the particular standards of the NIF, as well as clarifications thereof. The subject matter of this criterion is:
a) the application of some of the particular standards made known in the NIF, and b) the clarifications to the particular standards contained in the NIF. Financial Reporting Standards In accordance with what is established in criterion A-1 Basic scheme of the set of accounting criteria applicable to payment electronic fund institutions, entities shall observe, until there is an express pronouncement by the CNBV, the particular standards contained in the bulletins or NIF detailed below, or in the NIF that replace or modify them:
Series NIF B Standards applicable to financial statements as a whole Accounting changes and corrections of errors............................................................................... B-1 Segment financial information........................................................................................... B-5 Financial information at interim dates ................................................................................. B-9 Effects of inflation ................................................................................................................... B-10 Disposal of long-lived assets and discontinued operations ..................................... B-11 Offsetting financial assets and financial liabilities ......................................................... B-12 Events after the date of the financial statements ............................................................ B-13 Earnings per share ......................................................................................................................... B-14 Conversion of foreign currencies ............................................................................................ B-15 Determination of fair value ...................................................................................................... B-17 Series NIF C Standards applicable to specific concepts of the financial statements Investment in financial instruments............................................................................................ C-2 Accounts receivable ....................................................................................................................... C-3 Prepayments ......................................................................................................................... C-5 Property, plant and equipment ........................................................................................................ C-6 Intangible assets ........................................................................................................................ C-8 Provisions, contingencies and commitments .................................................................................. C-9 Derivative financial instruments and hedging relationships ..................................................... C-10 Equity ............................................................................................................................ C-11 Financial instruments with characteristics of liability and equity ............................................ C-12 Related parties ....................................................................................................................... C-13 Transfer and derecognition of financial assets .................................................................................. C-14 Impairment in the value of long-lived assets
................................................................... C-15 Impairment of financial instruments receivable ......................................................................... C-16 Obligations associated with the retirement of property, plant and equipment ........................................ C-18 Financial instruments payable................................................................................................ C-19 Financial instruments to collect principal and interest ............................................................... C-20 Cryptocurrencies .............................................................................................................................. C-22

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Series NIF D Standards applicable to determination of results problems Revenue from contracts with customers .............................................................................................. D-1 Costs from contracts with customers ................................................................................................. D-2 Employee benefits .......................................................................................................... D-3 Income taxes .................................................................................................................. D-4 Leases ............................................................................................................................. D-5 Capitalization of comprehensive financing result ................................................................ D-6 Share-based payments ......................................................................................................... D-8 Likewise, the glossary of terms of the NIF shall be applicable, with respect to the NIF detailed in this paragraph. Additionally, entities shall observe the NIF issued by the CINIF on topics not foreseen in the accounting criteria for payment electronic fund institutions, provided that:
a) they are in force; b) they are not applied in advance of their effectiveness; c) they do not contravene the philosophy and general concepts established in the accounting criteria for payment electronic fund institutions, and d) there is no express pronouncement by the CNBV. Clarifications to the particular standards contained in the NIF Taking into consideration that entities carry out specialized operations, it is necessary to establish clarifications that adapt the particular standards of recognition, valuation, presentation and, where applicable, disclosure, established by the CINIF. In virtue of this, entities, while observing what is established in the preceding paragraphs, shall adjust to the following:
B-9 Financial information at interim dates
The provisions of NIF B-9 must be applied to the financial information issued at interim dates, including the quarterly information that must be published or disseminated through the Internet page corresponding to the entity itself, in accordance with the General Provisions applicable to financial technology institutions published by the CNBV (the Provisions). For the purposes of disclosing the information issued at interim dates, entities shall observe the provisions regarding the disclosure of financial information contained in criterion A-3 Application of general standards. B-10 Effects of inflation Determination of the monetary position In the case of an inflationary environment based on what is stated by NIF B-10, entities shall disclose the initial balance of the main monetary assets and liabilities that were used for the determination of the monetary position of the period, differentiating, where applicable, those that affect from those that do not affect the financial margin. Price index Entities shall use the value of the Investment Unit (UDI) as the price index. B-11 Disposal of long-lived assets and discontinued operations Entities shall disclose the breakdown of the net amount generated by discontinued operations required in paragraph 60.1 a) of NIF B-11, as well as the amount of income from continuing operations and from discontinued operations attributable to the controlling interest referred to in paragraph 60.1 d) of the aforementioned NIF, instead of presenting such information in the statement of comprehensive income. B-15 Conversion of foreign currencies In the application of NIF B-15, the exchange rate to be used to establish the equivalence of the national currency with the United States dollar shall be the closing exchange rate of the day on the date of the transaction or preparation of the financial statements, as applicable, published by the Bank of Mexico on its Internet page www.banxico.org.mx or the one that replaces it.

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In the case of currencies other than the United States dollar, they shall convert the respective currency to United States dollars. To carry out such conversion, they shall consider the quotation that governs for the corresponding currency in relation to the aforementioned dollar in international markets, as established by the Bank of Mexico in the applicable regulation. Likewise, the amount of operations denominated in foreign currency by the currencies linked to its corporate purpose most relevant for the entity, as well as the exchange rate used and its equivalent in national currency, shall be disclosed in notes to the financial statements, in accordance with what is stated in the two preceding paragraphs. B-17 Determination of fair value Entities, in the determination of fair value, shall consider the following:
c) In the case of financial instruments referred to in fractions I to III of article 18 of the Provisions, they shall not apply what is established in this NIF, adhering at all times to what is established in Sections A and B of Section Second of Chapter IV of Title Second of the Provisions. d) In the case of financial instruments other than those indicated in the previous subsection, as well as virtual assets, in addition to what is established in Section C of Section Second of Chapter IV of Title Second of the Provisions, they shall consider what is established in NIF B-17. Entities shall not classify as Level 1 the updated prices for valuation that they determine through the use of internal valuation models. Additionally, they shall make the following disclosures:
i) The type of virtual asset and/or financial instrument to which an internal valuation model is applicable. ii) When the volume or level of activity has decreased significantly, they shall explain the adjustments that, where applicable, have been applied to the updated price for valuation. e) In the case of assets or liabilities other than those indicated in the preceding fractions, NIF B-17 must be applied when another particular NIF or accounting criterion requires or allows valuations at fair value and/or disclosures regarding the same. C-2 Investment in financial instruments The exception to irrevocably designate, upon initial recognition, a financial instrument to collect or sell, to be subsequently valued at its fair value with effects in net income referred to in paragraph 32.6 of NIF C-2, shall not be applicable to entities. Reclassifications Entities that carry out reclassifications of their investments in financial instruments under section 44 of NIF C-2, shall inform this fact in writing to the CNBV within the 10 business days following the authorization issued for such purposes by the entity's Risk Committee or, in its absence, its Board of Directors, detailing the change in the business model that justifies it. C-3 Accounts receivable Scope NIF C-3 shall only be applicable to the other accounts receivable referred to in paragraph 20.1 of said NIF. 17 For the purposes of NIF C-3, accounts receivable derived from the operations referred to in criterion B-2 Repos, issued by the CNBV, shall not be included. This is because the recognition, valuation, presentation and disclosure standards applicable are contemplated therein. C-10 Derivative financial instruments and hedging relationships In addition to the terms included in NIF C-10 and defined in the glossary contained in the NIF, the following shall be considered:
Synthetic operations with derivative financial instruments. - Operations where one or more derivative financial instruments participate and in some cases non-derivative assets or liabilities, forming together a specific position.

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Spot price. - Price or equivalent of the underlying, valid in terms established by regulations or conventions in the market from the date of operation. In the case of currencies, the spot price shall be the exchange rate for valuation purposes referred to in paragraph 11 of this criterion. Likewise, entities shall observe the following criteria:
Structured operations and packages of derivative financial instruments Structured operations and packages of derivative financial instruments have the following characteristics:
a) Structured operations: In these operations, there is a main contract referring to non-derivative assets or liabilities (generally bond issuances or other debt securities), and a derivative portion represented by one or more derivative financial instruments (generally options or swaps). The derivative portions of structured operations do not constitute embedded derivative financial instruments, but independent derivative financial instruments. Unlike synthetic operations with derivative financial instruments, structured operations must necessarily be covered under a single contract. To carry out hedging operations with structured instruments, entities will require prior express authorization from the CNBV. b) Packages of derivative financial instruments: The derivative financial instruments interact with each other in a single operation, without any portion that does not meet all the characteristics of a derivative financial instrument. Recognition and valuation standards for derivative financial instruments Entities in the recognition and valuation of derivative financial instruments shall consider the following:
Packages of derivative financial instruments that trade in any recognized market as a single financial instrument shall be recognized and valued jointly (that is, without disaggregating each derivative financial instrument individually), while packages of derivative financial instruments not traded in any recognized market shall be recognized and valued disaggregated by each derivative financial instrument that constitutes said packages. For the case of derivative financial instruments traded in recognized markets or exchanges, it shall be considered that the rights and obligations related to them have expired when the risk position is closed, that is, when a derivative of a contrary nature of the same characteristics is effected in said market or exchange (for example, when a purchase future is contracted to cancel the effects of a sale future [issued] on the same underlying, with the same maturity date and generally under conditions that neutralize the gains or losses of one and the other). Regarding derivative financial instruments not traded in recognized markets or exchanges, it shall be considered that the rights and obligations related to them have expired when they reach maturity; the rights are exercised by one of the parties, or well, said rights are exercised in advance by the parties according to the conditions established in the same and the agreed counterpayments are settled. Presentation in the statement of financial position In the case of structured operations, the presentation of the portion or portions of the derivative financial instruments shall be made separately from that corresponding to the main contract, so the presentation guidelines shall be followed according to the type or types of non-derivative financial assets (or financial liabilities), as well as derivative financial instruments incorporated in the structured operation. For the case of packages of derivative financial instruments that trade in any recognized market as a single instrument, said package shall be presented jointly (that is, without disaggregating each derivative financial instrument individually), in the item of derivative financial instruments (debit balance), or derivative financial instruments (credit balance) in the statement of financial position. In the case of packages of derivative financial instruments not traded in any recognized market, their presentation in the statement of financial position of entities shall follow the guidelines established for each derivative financial instrument individually, in the item of derivative financial instruments (debit balance), or derivative financial instruments (credit balance), as applicable.

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C-13 Related parties
For the purposes of complying with the disclosure standards contained in NIF C-13, entities shall additionally consider as a related party:
a) The members of the board of directors or board of directors of the controlling society or of the financial entities and companies forming part of the financial group to which, where applicable, it belongs; b) Persons other than key managerial personnel or relevant executives or employees who, with their signature, can generate obligations for the entity; c) Legal entities in which the key managerial personnel or relevant executives of the entity are directors or administrators or occupy any of the first three hierarchical levels in said legal entities, and d) Legal entities in which any of the persons indicated in the preceding subsections, as well as in NIF C-13, have command power understood as the factual capacity to influence decisively in the agreements adopted in the shareholders' meetings or board of directors sessions or in the management, conduct and execution of the business of the entity in question or of the legal entities that it controls. In addition to the disclosures required by NIF C-13, entities shall disclose in aggregate, through notes to the financial statements, for related-party operations that may be carried out, the following information:
a) A generic description of the operations, such as:

• Credits received;
• Operations with financial instruments in which the issuer and the holder are related parties;
• Repos,
• Derivative financial instruments;
• Hedging operations, and
• Those carried out through any person, trust, entity or other legal figure, when the counterparty and source of payment of said operations depends on a related party.
  b) Any other information necessary for the understanding of the operation, and c) The total amount of employee benefits granted to the key managerial personnel or relevant executives of the entity. Only the disclosure of operations with related parties that represent more than 1% of the net capital of the month prior to the date of preparation of the corresponding financial information is required. The net capital shall be determined in accordance with the capital requirements established by the CNBV through the Provisions. C-14 Transfer and derecognition of financial assets Regarding the collateral received referred to in paragraph 44.7 of NIF C-14, the recipient shall recognize the collateral received in off-balance sheet accounts. In cases where the recipient has the right to sell or pledge the collateral, the transferor shall reclassify the asset in its statement of financial position, presenting it as restricted. Recognition of financial assets When the transfer results in the derecognition of the financial asset by the transferor, the recipient entity shall recognize a financial asset (or portion thereof) or a group of financial assets (or portion of said group) in its statement of financial position, if and only if, it acquires the rights and contractual obligations related to said financial asset (or portion thereof). To this end, the entity shall:
  a) Recognize the financial assets received at their fair value, which, presumably, corresponds to the price agreed in the transfer operation. Subsequently, said assets shall be valued according to the criterion corresponding in accordance with their nature.

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b) Recognize the new rights obtained or new obligations incurred as a result of the transfer, valued at their fair value. c) Derecognize the consideration given in the operation at its net book value (for example, considering any associated estimate) and recognize in the results of the period any item pending amortization related to such consideration. d) Recognize in the results of the period any difference, if any, arising from the transfer operation.

C-16 Impairment of financial assets
Estimation of expected credit losses

Entities shall create, for their accounts receivable, if applicable, an estimate that reflects their degree of uncollectibility. Such estimate shall be obtained by applying what is set forth in section 42 of NIF C-16.

Overdrafts in accounts administered by entities that are generated by the transmission of electronic payment funds that:
a) Are contractually provided for, shall be recognized in the corresponding concept under the accounts receivable item. Regarding this, entities shall establish an estimate of expected credit losses, in accordance with NIF C-16. b) Are not contractually provided for shall be classified as overdue debts under the various debtors item, and entities shall simultaneously with such classification establish an estimate for the total amount of such overdraft, at the moment such event occurs.

Regarding operations with immediate collection documents not collected referred to in criterion B-1 Cash and cash equivalents, after 15 natural days following the date on which they have been transferred to the account that gave rise to them, they shall be classified as overdue debts and an estimate for their total amount shall be simultaneously established.

When the entity uses the practical solutions referred to in paragraph 42.6 of NIF C-16, the establishment of estimates shall be for the total amount of the debt and shall not exceed the following periods:
a) Within 60 natural days following their initial registration, when they correspond to unidentified debtors, and b) Within 90 natural days following their initial registration, when they correspond to identified debtors.

No estimate of expected credit losses shall be established for:
a) Tax balances in favor, and b) Creditable value-added tax.

C-19 Financial liabilities
Scope

For the purposes of NIF C-19, liabilities related to the operations referred to in criterion B-2 are not included, as these are contemplated in said criterion.

Electronic payment funds issued

In addition to the disclosures required in NIF C-19 itself, the characteristics of the issued electronic payment funds shall be disclosed in the notes to the financial statements, such as amount and form of redemption (e.g., if it will be settled in virtual assets).

Securities liabilities

The characteristics of the issuance of credit titles, amount, number of titles in circulation, par value, discount or premium, rights and form of redemption, guarantees, maturity, interest rate, effective interest rate, amortized amount of discount or premium in results, amount of issuance expenses and other related expenses, and the proportion that the authorized amount bears to the issued amount shall be disclosed in the notes to the financial statements, in addition to what is required in NIF C-19.

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Bank loans and loans from other organizations

Entities shall disclose in the notes to the financial statements the total amount of bank loans, as well as those from other organizations, indicating for both the type of currency, as well as the maturity terms, guarantees, and average weighted rates to which they are subject, if applicable.

In the case of credit lines received by the entity in which not all of the authorized amount is utilized, the unused portion of them shall not be presented in the statement of financial position. However, entities shall disclose through notes to the financial statements the unused amount, attending to what is established in criterion A-3, regarding the disclosure of financial information.

Initial recognition of a financial liability

What is established in paragraph 41.1.1 item 4 of NIF C-19 regarding using the market rate as the effective interest rate in the valuation of the financial liability when both rates are substantially different shall not be applicable.

Financial liabilities measured at fair value

The exception for entities to irrevocably designate at initial recognition a financial liability to be subsequently measured at its fair value with effect on net income referred to in section 42.2 of NIF C-19 shall not be applicable to entities.

C-20 Financial assets to collect principal and interest Initial recognition of a financial asset to collect principal and interest

What is established in paragraph 41.1.1 item 4 of NIF C-20 regarding using the market rate as the effective interest rate in the valuation of the financial asset to collect principal and interest when both rates are substantially different shall not be applicable.

Fair value option

The option for entities to irrevocably designate at initial recognition a financial asset to collect principal and interest, to be subsequently measured at its fair value with effect on net income referred to in paragraph 41.3.4 of NIF C-20 shall not be applicable to entities.

Loans to officials and employees

The interest arising from loans to officials and employees shall be presented in the statement of comprehensive income under the item of other income (expenses) from operations.

C-22 Cryptocurrencies

The virtual assets referred to in the Law to Regulate Financial Technology Institutions (Fintech Law) are within the scope of NIF C-22.

In addition to the disclosures indicated in NIF C-22 itself, entities shall disclose in the notes to the financial statements, for each type of risk generated by virtual assets, the following:
a) The exposure to risk and how it arises, including, among others, market and technological risk; b) Their objectives, policies, and processes to identify, measure, monitor, and limit, control, and report the quantifiable risks to which they are exposed and the relationship these bear to each other, considering, where appropriate, non-quantifiable risks. Likewise, those risks that individually might seem insignificant but that collectively with other risks could have the capacity to affect the solvency, liquidity, or financial viability of the entity shall be taken into account, and c) Any change in relation to what was disclosed in the preceding items.

D-3 Employee benefits

Through notes to the financial statements, the identification of obligations for employee benefits shall be disclosed in: short-term direct benefits, long-term direct benefits, termination benefits, and post-employment benefits.

D-4 Income taxes

Regarding the disclosure required in NIF D-4 itself on the concepts of temporary differences, those differences related to the financial margin and to the main operations of the entities shall additionally be disclosed.

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A-3 APPLICATION OF GENERAL STANDARDS
Objective and scope

The present criterion aims to specify the establishment of general application norms that entities must observe.

The subject matter of this criterion is the establishment of general norms that must be considered in the recognition, valuation, presentation, and disclosure applicable to the accounting criteria for electronic payment fund institutions.

Restricted assets

These are considered to be all those assets with respect to which there are circumstances under which they cannot be disposed of or used, and must remain in the same item from which they originated. Likewise, those assets arising from operations that do not settle on the same day, i.e., are received with a value date different from the transaction date, shall be considered part of this category. In the case of margin accounts that entities grant to the clearing house for operations with financial derivative instruments carried out in recognized markets or exchanges, they shall adhere to what is established in NIF C-10 Financial derivative instruments and hedge accounting.

For this type of assets, this fact and their balance by type of operation shall be disclosed in a note to the financial statements.

Assets promised for sale or with retention of title

In cases where a promise of purchase or sale contract with retention of title is entered into, the asset shall be recognized as restricted, according to the type of asset in question, at the same book value it had on the date of signing said contract, even if a higher price was agreed upon. Such asset shall follow the same valuation, presentation, and disclosure norms, in accordance with the applicable accounting criteria corresponding to it.

Payments received on account of the asset shall be recorded in liabilities as an advance payment.

On the date the asset promised for sale or subject to purchase and sale with retention of title is alienated, the profit or loss generated shall be recognized in the results of the period as other income (expenses) from operations.

In the event that the contract is rescinded, the asset shall cease to be recognized as restricted, and those advance payments over which the entity may dispose or must settle according to the conditions of the contract, shall be recognized in the results of the period as other income (expenses) from operations, or as other accounts payable, as appropriate.

Clearing accounts

Regarding the active and passive operations carried out by entities, for example, in matters of investments in financial instruments, repos, financial derivative instruments, and virtual assets, once these reach their maturity and while the corresponding settlement is not received or delivered, as agreed in the respective contract, the amount of the operations due to be collected or paid shall be registered in clearing accounts (debtors or creditors for settlement of operations).

Likewise, for operations in which immediate settlement or same-day value date is not agreed upon, including foreign exchange sales and purchases, on the transaction date, the amount to be collected or paid shall be registered in clearing accounts, until its settlement is effected. The estimate of expected credit losses corresponding to the aforementioned amounts to be collected shall be determined in accordance with what is established in NIF C-16 Impairment of financial assets.

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For the purposes of presentation of the financial statements, clearing accounts shall be presented under the item of other accounts receivable (net) or other accounts payable, as appropriate. The balance of debtor and creditor clearing accounts may be offset in terms of what is established by the offsetting rules provided in NIF B-12 Offset of financial assets and financial liabilities.

Regarding the operations referred to in paragraph 10, the balance to be collected or paid shall be disclosed, for each type of operation from which they originate (foreign exchange, virtual assets, investments in financial instruments, repos, etc.), specifying that these are operations agreed upon in which settlement is pending.

Various estimates and provisions

Estimates or provisions with undefined and/or unquantifiable purposes shall not be created, increased, or decreased against the results of the period. In any case, entities shall attend to the regulation that the CNBV establishes regarding the determination of estimates and/or provisions.

Trusts

When entities acquire contribution certificates, certificates of fiduciary rights, residual interests, or any other title, contract, or document that grant their holder participation in the possible excess or remainder that, if applicable, the trust or grantor generates, it shall be evaluated whether such participation grants control, joint control, or significant influence in accordance with what is established in the corresponding NIFs. In any case, financial assets representing the residual participation of a securitization vehicle shall be presented under the concept Benefits on the remainder in securitization operations under the item Benefits to be received in securitization operations in the statement of financial position.

Accrued interest

Accrued interest on the different asset or liability items shall be presented in the statement of financial position together with their corresponding principal.

Recognition or derecognition of assets and/or liabilities

The recognition or derecognition in the financial statements of assets and/or liabilities, including those arising from foreign exchange sales and purchases, investments in financial instruments, repos, virtual assets, financial derivative instruments, and issued titles, shall be carried out on the date that they economically affect the entity, regardless of the settlement or delivery date of the asset.

Disclosure of financial information

In relation to the disclosure of financial information, what is established in NIF A-1, Chapter 80 Presentation and disclosure, regarding the responsibility for providing information on the economic entity resting with its administration shall be taken into account, such information meeting certain qualitative characteristics, such as relevance, faithful representation, comparability, verifiability, timeliness, and understandability based on what is provided in NIF A-1, Chapter 40, Qualitative characteristics of financial statements.

Entities, in compliance with the disclosure norms provided in these accounting criteria, shall consider materiality in terms of NIF A-1, Chapter 40, Qualitative characteristics of financial statements, that is, they shall show the most significant aspects of the entity recognized accountingly as stated by that characteristic associated with relevance.

The foregoing implies, among other elements, that materiality requires the exercise of professional judgment regarding the circumstances that determine the facts reflected in the financial information. In the same sense, an appropriate balance must be obtained between the qualitative characteristics of the financial information in order to fulfill the objective of the financial statements, for which an optimal point must be sought rather than the achievement of maximum levels of all qualitative characteristics.

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However, with respect to materiality, it shall not be applicable to the information:
a) Required by the CNBV through other general provisions issued for that purpose, different from those contained in these criteria; b) Additional specific required by the CNBV, related to its supervisory activities, and c) Required through the issuance or authorization, if applicable, of special accounting criteria or records.

Disclosures related to the determination of fair value

Entities, with respect to the Current Price for Valuation provided to them by the price provider in the determination of fair value in accordance with the accounting criteria or the corresponding NIFs, shall disclose, at a minimum, the following:
a) The level of the hierarchy of the current price for valuation (or fair value hierarchy) within which the determinations of fair value are classified, in accordance with the following:
i. Level 1, highest level, corresponding to prices obtained exclusively with Level 1 input data.
ii. Level 2, prices obtained with Level 2 input data.
iii. Level 3, lowest level, for those prices obtained with Level 3 input data.
b) In case there is any change in the valuation model, that change and the reasons for making it shall be disclosed. c) When there are changes from one period to another in the classification of the hierarchy of the current price for valuation with respect to the same value, virtual asset, or financial instrument:
i. The amounts of transfers between Level 1 and Level 2 of the hierarchy of the current price for valuation.
ii. The amounts of transfers to or from Level 3 of the hierarchy of the current price for valuation.
d) For those current prices for valuation classified in Level 3, a reconciliation of opening balances with closing balances, disclosing separately the changes during the period attributable to total gains or losses of the period recognized in net income and those recognized in other comprehensive income (OCI). e) When there is a significant decrease in the volume or level of activity in relation to the normal market activity for a certain value or financial instrument, or in the presence of disorderly conditions, the adjustments that have been applied, if any, to the current price for valuation shall be explained. f) The name of the price provider that, if applicable, provided the current price for valuation or the input data for its determination through internal valuation models.

Quantitative information shall be disclosed in tabular format, unless another format is more appropriate.

Valuation of the UDI

The value to be used shall be that made known by the Bank of Mexico in the Official Gazette of the Federation (DOF), applicable on the date of valuation.

Valuation of the UMA

The value to be used shall be that of the measurement and update unit corresponding, approved by the National Institute of Statistics and Geography and made known in the DOF, applicable on the date of valuation.

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A-4 SUPPLEMENTARY APPLICATION OF ACCOUNTING CRITERIA Objective and Scope This criterion aims to clarify the application of the standards contained in NIF A-1, Chapter 90, Supplementary Application, issued by CINIF, considering that, when applying it, the financial information is being prepared and presented in accordance with accounting criteria for electronic payment fund institutions.

Definition
For the purposes of the accounting criteria for electronic payment fund institutions, the supplementary application process applies when, in the absence of specific accounting standards issued by the CNBV in particular, and by CINIF in general, these are covered by a formal and recognized set of standards.

Concept of Supplementary Application and Basic Standard In the absence of a specific accounting criterion of the CNBV for entities and, in the second instance, for credit institutions, or in a broader context, for NIFs, the bases for supplementary application provided in NIF A-1, Chapter 90, mentioned above, will be applied, together with what is provided in the provisions of this criterion.

Other Supplementary Regulations
Only in the event that the International Financial Reporting Standards (IFRS) referred to in NIF A-1, Chapter 90, do not provide a solution for accounting recognition, one may opt for a supplementary standard belonging to any other regulatory scheme, provided it meets all the requirements indicated in the aforementioned NIF A-1, Chapter 90, for a supplementary standard, as well as those provided in paragraph 6 of this criterion. The supplementary application must be applied in the following order:
a) Generally Accepted Accounting Principles (GAAP) definitive, applicable in the United States of America, and b) any accounting standard that is part of a formal and recognized set of standards.

For the purposes of the previous paragraph, it is considered that both official (authoritative) and non-official (nonauthoritative) sources form part of the GAAP applicable in the United States of America, in accordance with what is established in Topic 105 of the Accounting Standards Codification, ASC (Codification) of the Financial Accounting Standards Board (FASB), in the following order:
a) Official sources: The Codification, rules or interpretations of the Securities and Exchange Commission (SEC), Staff Accounting Bulletins, and SEC positions regarding the Consensus of the Board on Emerging Issues of the FASB (FASB Emerging Issues Task Force, EITF), and b) Non-official sources: widely recognized and preponderant practices, either generally or in a specific industry, FASB Concepts Statements, documents of the American Institute of Certified Public Accountants (AICPA, Issues Papers), pronouncements of professional associations or regulatory agencies, and questions and answers of the Technical Information Service included in AICPA Technical Practice Aids.

Requirements of a Supplementary Standard and Rules of Supplementary Application In addition to what is established in the aforementioned NIF A-1, Chapter 90, the standards applied supplementarily must comply with the following:
a) they cannot be applied in advance; b) they must not contravene the philosophy and general concepts established in the accounting criteria applicable to Electronic Payment Fund Institutions; c) the supplementary application process, if any, provided within each of the standards used supplementarily will not be applicable, except when such supplementary application meets the aforementioned subsections and has the authorization of this CNBV, and d) the standards that have been applied in the supplementary application process will be replaced when a specific accounting criterion is issued by the CNBV or an NIF, on the subject on which said process was applied.

Disclosure Standards
Entities that follow the supplementary process recorded in this criterion must communicate in writing to the CNBV vice-presidency responsible for their supervision within 10 calendar days following its application, the accounting standard that has been adopted supplementarily, as well as its basis of application and the source used. Additionally, entities must disclose through notes to the financial statements, the information requested in the aforementioned NIF A-1, Chapter 90, and the quantification of their impacts on the financial statements.

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B-1 CASH AND CASH EQUIVALENTS
Objective and Scope
This criterion aims to define the particular standards relative to the recognition, valuation, presentation, and disclosure in the financial statements of the items that make up the cash and cash equivalents item in the statement of financial position of entities.

Definitions
Cash.- It is legal tender and foreign currency in cash, as well as deposits in financial entities made in the country or abroad available for the operation of the entity; such as, availability in checking accounts, bank drafts, telegraphic or postal transfers, and remittances in transit.

Cash Equivalents.- They are short-term, highly liquid values, easily convertible into cash that are subject to insignificant risks of changes in their value and are held to meet short-term commitments rather than for investment purposes; they may be denominated in national or foreign currency; for example, the purchase of currencies that are not considered financial derivative instruments as established by the Bank of Mexico in the applicable regulation, as well as other cash equivalents, such as correspondents, immediate collection documents, and highly liquid financial instruments.

Highly Liquid Financial Instruments.- They are values whose disposal is foreseen within a maximum of 48 hours from their acquisition, generate returns, and have insignificant risks of changes in their value.

Deposits in financial entities represented or invested in securities, which do not meet the assumptions provided in the two previous paragraphs, will be subject to NIF C-2 Investment in Financial Instruments.

Recognition Standards
Cash must be initially recognized at its fair value, which is its nominal value. 6 All cash equivalents, in their initial recognition, must be valued at their fair value. 7 The returns generated by cash and cash equivalents will be recognized in the results of the period as they accrue.

Immediate collection documents in firm will be recognized as follows:
a) In the case of transactions with entities in the country, they must not contain uncollected items after 2 business days from the operation that gave rise to them, nor those that, having been deposited in banks, have been subject to return. b) When they correspond to transactions with entities abroad, they must be recorded in cash and cash equivalents only if they are collectible within a maximum period of 5 business days.

When the documents indicated in the previous paragraph have not been collected within the aforementioned periods (2 or 5 days, as applicable), the amount of these will be transferred to the item that gave rise to them, that is, if they come from various debtors, the provisions of NIF C-3 Accounts Receivable or NIF C-20 Financial Instruments to Collect Principal and Interest will be attended to, as applicable.

Immediate collection documents subject to good collection, for operations carried out with entities in the country or abroad, will be recorded in off-balance sheet accounts in the item of other registration accounts.

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Currencies acquired that are agreed to be settled on a date subsequent to the negotiation of the purchase-sale operation will be recognized on said negotiation date as restricted cash and cash equivalents (currencies to be received), while, sold currencies will be recorded as an outflow of cash and cash equivalents (currencies to be delivered). The counterparty must be a clearing, creditor, or debtor account, as applicable, in accordance with what is established in criterion A-3 Application of General Standards.

Valuation Standards
Cash must be maintained valued at its nominal value, while cash equivalents must be valued at their fair value.

Highly liquid financial instruments must be valued based on what is established in the standards on financial instruments, according to the business model corresponding to each type of instrument.

Presentation Standards
Statement of Financial Position
The item of cash and cash equivalents must be shown in the statement of financial position of entities as the first item that makes up the asset, including restricted cash and cash equivalents.

In the event that there is an overdraft in checking accounts reported in the statement issued by the corresponding credit institution, the amount of the overdraft must be presented in the item of other accounts payable, even if other checking accounts with the same credit institution are maintained. Likewise, if, the compensated balance of currencies to be received with currencies to be delivered, or any concept that makes up the item of cash and cash equivalents were to show a negative balance, said concept must be presented in the item of other accounts payable.

Statement of Comprehensive Income
The returns generated by deposits in financial entities, as well as the valuation effects of those constituted in foreign currency, will be presented in the statement of comprehensive income, as an income or expense for interest, while the results from valuation and sale of currencies will be grouped in the item of intermediation result, to which criterion D-2 Statement of Comprehensive Income refers.

Disclosure Standards
The item of cash and cash equivalents will be broken down through notes to the financial statements including, as applicable, cash, deposits in financial entities made in the country and abroad, and finally, other cash equivalents. Likewise, the following rules must be observed, as applicable:

1. When any item within the item has restrictions regarding availability or purpose to which it is destined, its amount, the reasons for its restriction, and the probable date on which it will expire must be disclosed.
2. In the event that the balance of cash and cash equivalents is presented in the liability, in terms of what is stated in paragraph 16, this fact and the causes that gave rise to it must be disclosed.
3. The existence of cash and cash equivalents denominated in foreign currency must be disclosed, indicating its amount, type of currency involved, settlement term, quotations used for its conversion, and its equivalent in national currency.
4. Disclose the effect of subsequent events that, due to their importance, have substantially modified the valuation of cash and cash equivalents in foreign currency and in highly liquid financial instruments, between the date of the financial statements and the date on which they are authorized for issuance, in accordance with NIF B-13 Subsequent Events after the Date of the Financial Statements.

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B-2 REPO OPERATIONS
Objective and Scope
This criterion aims to define the particular standards relative to the recognition, valuation, presentation, and disclosure in the financial statements of repo operations.

The treatment of operations that, in accordance with what is established in NIF C-14 Transfer and Derecognition of Financial Assets, meet the requirements to derecognize the financial assets subject to the same, in virtue that the risks, benefits, and control of said financial assets are transferred, is not the object of this criterion, therefore, what is established in NIF C-2 Investment in Financial Instruments must be attended to.

Definitions
Financial Asset.- A right arising from a contract, which grants monetary economic resources to the entity. Therefore, it includes, among others:
a) Cash or cash equivalents; b) Financial instruments generated by a contract, such as an investment in a debt or equity instrument, issued by a third party; c) A contractual right to receive cash or any other financial instrument from another entity; d) A contractual right to exchange financial assets or financial liabilities with a third party on favorable conditions for the entity, or e) A right that will be collected with a variable number of equity instruments issued by the entity itself.

Substantially Similar Financial Assets.- Those financial assets that, among others, maintain the same primary obligor, identical form and type (which generates substantially the same risks and benefits), same maturity date, identical contractual interest rate, similar collateral, same outstanding balance.

Derecognition of Financial Assets.- It is the total or partial elimination of a financial asset, previously recognized in the statement of financial position of an entity, which takes place when that item no longer meets the definition of an asset and when the entity loses control over it.

Collateral.- Guarantee constituted to ensure the payment of agreed counterpayments. For the purposes of repo operations, the collateral will at all times be those permitted in accordance with current regulation.

Counterpayments.- Cash and cash equivalents, the right to receive all or specific portions of cash flows from a trust, entity, or other figure, equity instruments, derivative financial instruments, or any other type of asset that is obtained in a transfer of financial assets, including any obligation incurred. For the purposes of repo operations, the counterpayments will at all times be those permitted in accordance with current regulation.

Amortized Cost.- For the purposes of this criterion, it is a historical cost valuation basis applicable to financial assets and reflects the present value of future flows. For variable rate instruments, the discount rate is updated to reflect changes in it. The amortized cost of a financial asset is updated over time to describe subsequent changes, such as the accrual of interest, the impairment of the financial asset, and collections and payments.

Equity Instruments.- Any document or title originating from a contract that evidences the participation or the option to participate in the net assets of an entity.

Effective Interest Method.- It is the one used in the calculation of the amortized cost of a financial instrument to distribute its effective interest income or expense in the corresponding periods of the life of the financial instrument.

Cash-Oriented Repo Operations.- Transaction motivated by the need of the repo-taker to obtain cash financing and the intention of the repo-provider to invest its excess cash.

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Value-Oriented Repo Operations.- Transaction motivated by the need of the repo-provider to temporarily access certain specific financial instruments and the intention of the repo-taker to increase the returns on its investments in financial instruments.

Fixed Price at Maturity.- It is that right or obligation, as applicable, represented by the agreed price plus the repo interest, agreed upon in the operation.

Agreed Price.- It represents the right or obligation to receive or deliver resources, agreed upon at the beginning of the operation.

Repo-Taker.- That entity that receives cash, through a repo operation in which it transfers financial assets as collateral, with the obligation to reintegrate to the repo-provider at the end of the operation the cash and agreed repo interest.

Repo-Provider.- That entity that delivers cash, through a repo operation, in which it receives financial assets as collateral, with the obligation to return them to the repo-taker at the end of the operation and receiving the cash plus the agreed repo interest.

Repo.- Operation by means of which the repo-provider acquires for a sum of money the ownership of credit titles, and obligates itself to transfer to the repo-taker the ownership of as many titles of the same species, in the agreed term and against reimbursement of the same price plus a premium. The premium remains to the benefit of the repo-provider, unless otherwise agreed.

Effective Interest Rate.- It is the rate that exactly discounts the estimated future cash flows that will be collected or settled during the expected life of a financial instrument, in the determination of the amortized cost of the financial asset or financial liability. Its calculation must consider contractual cash flows and related transaction costs.

Repo Rate.- It is the agreed rate with which the payment of interest for the use of cash in the repo operation is determined.

Fair Value.- It is the exit price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the valuation date.

Characteristics
Economic and Legal Substance of Repo Operations Repo operations for legal purposes are considered as a sale, where an agreement to repurchase the transferred financial assets is established. Nevertheless, the economic substance of repo operations is that of a collateralized financing, where the repo-provider delivers cash as financing, in exchange for obtaining financial assets that serve as protection in case of default.

In this regard, the financial assets granted as collateral by the repo-taker, which do not meet the requirements to be derecognized in terms of what is established by NIF C-14, continue to be recognized in their statement of financial position, since they retain the risks, benefits, and control of them; that is, if there were any change in the fair value, accrual of interest, or dividends were decreed on the financial assets granted as collateral, the repo-taker is the one exposed, and therefore recognizes said effects in its financial statements.

In contrast, those operations where economically the repo-provider acquires the risks, benefits, and control of the transferred financial assets cannot be considered as repo operations, being subject to NIF C-2.

Intentionality of Repo Operations
In repo operations, there are generally two types of intentions, either of the repo-taker or the repo-provider: cash-oriented or value-oriented.

In a cash-oriented repo, the intention of the repo-taker entity is to obtain cash financing, using financial assets as collateral for this purpose; on the other hand, the repo-provider obtains a return on its investment at a certain rate and, not seeking any specific value, receives financial assets as collateral to mitigate the credit risk exposure it faces regarding the repo-taker.

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In this sense, the reporting party (reportada) pays interest to the reporting entity (reportadora) on the cash received as financing, calculated based on the agreed repo rate (which is usually lower than the market rate for unsecured financing). On its part, the reporting entity achieves returns on its investment whose payment is secured through collateral. In a securities-oriented repo, the intention of the reporting entity is to temporarily access certain specific securities held by the reporting party (for example, if the reporting entity, through a previous repo operation in which it acted as the reporting party, incurred an obligation regarding a security similar to the object of the new operation), providing cash as collateral, which serves to mitigate the risk exposure faced by the reporting party with respect to the reporting entity. In this regard, the reporting party pays the reporting entity the agreed interest at the repo rate for the implicit financing obtained on the cash it received, where said repo rate is generally lower than what would have been agreed in a cash-oriented repo. In repo operations, a price is usually agreed upon whose value is above or below the cash exchanged; therefore, the difference between the cash exchanged and the agreed price aims to protect the counterparty exposed to the risks of the operation (for example, against market risk). If the operation is cash-oriented, the reporting party generally provides financial assets as guarantee at an agreed price lower than the market value, so their fair value is higher relative to the cash received; conversely, if it is securities-oriented, the reporting entity will generally receive titles as guarantee at an agreed price higher than the market value, so their fair value is below the cash provided. The delivery of collateral can occur at the beginning of the operation or during the life of the repo regarding variations in the fair value of the granted collateral. Considering all the above, despite economic intent, the accounting treatment of cash-oriented or securities-oriented repo operations is the same. Recognition and Valuation Standards Reporting Entity On the date of contracting the repo operation, acting as the reporting entity, it must recognize the outflow of cash and cash equivalents, or a creditor clearing account, registering a receivable initially measured at the agreed price, which represents the right to recover the delivered cash. During the life of the repo, the receivable referred to in the preceding paragraph shall be valued at its amortized cost, by recognizing repo interest in the results of the period as it accrues, according to the effective interest method, affecting said receivable. Financial assets that the reporting entity has received as collateral must be treated in accordance with the following section. Collateral Granted and Received Other Than Cash The collateral granted by the reporting party to the reporting entity (other than cash)
must be recognized as follows:
a) The reporting entity will recognize the received collateral in off-balance sheet accounts, following for its valuation the norms related to custody operations under criterion B-3 Custody and Administration of Assets. b) When selling the collateral, the reporting entity must recognize the resources derived from the transaction, as well as a payable account for the obligation to return the collateral to the reporting party (initially measured at the agreed price), which shall be valued at its fair value for the case of sale (any differential between the price received and the value of the payable account will be recognized in the results of the period). c) In the event that the reporting party fails to meet the conditions established in the contract, and therefore cannot claim the collateral, the reporting entity must recognize in its statement of financial position the entry of the collateral, as established in the accounting criteria for electronic payment fund institutions, according to the type of asset involved, against the receivable referred to in paragraph 32, or if the collateral had previously been sold, it must derecognize the payable account referred to in item b), relating to the obligation to return the collateral to the reporting party.

122 OFFICIAL GAZETTE Friday, January 20, 2023 d) The reporting entity must recognize the collateral in its financial statements only in off-balance sheet accounts, with the exception of what is established in item c) above, that is, when the risks, benefits, and control of the collateral have been transferred due to the default of the reporting party. e) The off-balance sheet accounts recognized for received collateral by the reporting entity must be cancelled when the repo operation reaches its maturity or there is default by the reporting party. In cases of operations where the reporting entity sells the received collateral, it must maintain control of said sold collateral in off-balance sheet accounts, following for its valuation the guidelines of the accounting criterion for electronic payment fund institutions that corresponds. The off-balance sheet accounts recognized for received collateral that have in turn been sold by the reporting entity must be cancelled when the entity acquires the sold collateral to return it to the reporting party or when there is default by the counterparty. Presentation Standards Statement of Financial Position The receivable representing the right to receive cash, as well as accrued interest, must be presented within the statement of financial position, under the item of debtors for repos. Collateral received from the reporting party must be presented in off-balance sheet accounts under the item of collateral received by the entity. The payable account referred to in item b) of paragraph 35, which represents the reporting entity's obligation to return the collateral it had sold, must be presented within the statement of financial position, under the item of sold collateral. The off-balance sheet accounts referred to in paragraph 36, regarding those collaterals received by the reporting entity that have in turn been sold, must be presented under the item of collateral received and sold by the entity. Statement of Comprehensive Income The accrual of repo interest derived from the operation will be presented under the item of interest income. The differential referred to in item b) of paragraph 35, if any, generated by the sale, will be presented under the item of intermediation result. The fair value measurement of the payable account referred to in item b) of paragraph 35, which represents the reporting entity's obligation to return the collateral it had sold, will be presented under the item of intermediation result. Offsetting of Financial Assets and Liabilities For purposes of offsetting between financial assets and liabilities, acting as the reporting entity, the provisions of NIF B-12 Offsetting of Financial Assets and Financial Liabilities must be attended to. Disclosure Standards Entities must disclose through notes to the financial statements, the information corresponding to repo operations in the following manner:
a) that related to the total amount of operations concluded; b) amount of repo interest recognized in the results of the period; c) average terms in the contracting of outstanding repo operations; d) type and total amount by type of asset of the received collaterals; e) of the received and subsequently sold collaterals, the total amount by type of asset, and f) the agreed rate in relevant operations.

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B-3 CUSTODY AND ADMINISTRATION OF ASSETS
Objective and Scope
This criterion aims to define the particular norms relative to recognition, valuation, presentation, and disclosure in the financial statements of custody and administration of assets operations performed by entities. Within the administration operations that are the subject of this criterion, operations performed by entities on behalf of their clients are included. Custody of assets that by their nature or by contractual agreement do not confer responsibility for safeguarding to the entities is not included within this criterion. Definitions Assets in custody or administration.- These are assets in cash, cash equivalents, or virtual assets belonging to third parties delivered to the entity for their safeguard or administration. Acquisition Cost.- It is the amount paid in cash or cash equivalents, or the fair value of the consideration delivered for an asset or service at the moment of its acquisition. Administration Operations.- These are those performed by the entity, in which it provides administrative services on specific assets, receiving, if applicable, a commission as consideration. Custody Operations.- These are those performed by the entity, for which it assumes responsibility for the safeguard of cash, cash equivalents, or virtual assets delivered to it, receiving a commission for this purpose. Fair Value.- It is the exit price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the valuation date. Characteristics Cash, cash equivalents, or virtual assets may be the object of custody, administration, or a combination of both operations. By the essence of this type of operations, assets in custody or administration are not the object of recognition by entities since they do not acquire the rights and contractual obligations related to the assets in custody or administration. Notwithstanding the above, the entity is responsible for assets in custody or administration, thus assuming a risk in case of loss or damage. Additionally, within the administration services that the entity can provide, are the operations of administration, alienation, and transfer of assets in custody or administration carried out in accordance with prior instructions from its clients. Recognition and Valuation Standards Since the assets subject to this criterion do not represent assets of the entities, they must not form part of the rights and obligations recognized in the statement of financial position. However, an estimated amount for which the entity would be obligated to respond to its clients for any future contingency must be recognized in off-balance sheet accounts, with the exception of cash or virtual assets received for the issuance of electronic payment funds, because in that particular case, the conditions for their recognition contemplated in NIF A-5 are met. Income derived from custody or administration services will be recognized in the results of the period in accordance
with what is established in NIF D-1 Revenue from Contracts with Customers. In case the entity has an obligation with the depositor for the loss or damage of the asset in custody or administration, the liability will be recognized in the entity's statement of financial position against the results of the period. The accounting recognition referred to in this paragraph will be carried out at the moment the entity becomes aware of such situation, regardless of any legal action by the depositor aimed at repairing the loss or damage.

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Custody Operations
The determination of the valuation of the estimated amount for assets in custody must be made in accordance with the following:
a) in case the assets in custody are financial instruments or virtual assets, their fair value will be determined in accordance with what is established in Section A, of Second Section, Chapter IV, Title Two of the Provisions, as applicable, and b) regarding assets in custody other than those established in the previous item, their value will be determined in accordance with the following:

• at their fair value, according to what is stated in NIF B-17 Determination of Fair Value, which must be reviewed periodically, or
• in case the fair value cannot be reliably determined, such assets will be valued according to the acquisition cost of the depositor, which, in an inflationary environment, must be updated in accordance with NIF B-10 Effects of Inflation.
  In the event that assets in custody are also held in administration, they must be controlled in off-balance sheet accounts, separately from those assets received in custody. Administration Operations The determination of the valuation of the estimated amount for assets in administration and operations on behalf of clients will be carried out based on the operation performed in accordance with the accounting criteria for electronic payment fund institutions. Within the various types of operations, the following are included:
  Issuance of Electronic Payment Funds
  Entities must recognize the entry of cash or virtual assets for the issuance of electronic payment funds under the item of restricted cash and cash equivalents or pledged, as applicable, against the liability electronic payment funds issued, valued at the same amount as the asset that gave rise to it, with no effect whatsoever on the profit or loss of the period. At the moment that decreases in the electronic payment fund accounts of clients are made, entities must cancel said liability against the corresponding asset. Presentation and Disclosure Standards The liability arising from the obligation with the depositor for the loss or damage of the asset in custody or administration will be presented in the statement of financial position under the item of other payables, while in the results of the period it will be presented under the item of other operating income (expenses). The amount of assets in custody will be presented in off-balance sheet accounts under the item assets in custody or in administration. On its part, the cash or virtual assets received for the issuance of electronic payment funds referred to in paragraph 19, will be presented under the item of restricted cash and cash equivalents or pledged, as applicable, and the liability generated will be under the item of electronic payment funds issued. Income derived from custody or administration services recognized in the results of the period will be presented under the item of commissions and fees charged. It must be disclosed through notes to the financial statements the following:
  Custody Operations a) amounts recognized for each type of asset in custody; b) information about the type of assets, and c) amount of income from the activity. Administration Operations a) amounts recognized for each type of asset in administration, b) information about the type of assets, and c) amount of income from the activity. Additionally, the amount and detail of the amount that is restricted in the restricted cash and cash equivalents or pledged of the entity relative to the issuance of electronic payment funds must be disclosed.

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B-4 MANDATES
Objective and Scope
This criterion aims to define the particular norms relative to recognition, valuation, presentation, and disclosure in the financial statements for mandate operations. Definitions Mandate.- The Federal Civil Code establishes that The mandate is a contract by which the mandatory obligates himself to execute on behalf of the principal the legal acts that he entrusts to him. Recognition and Valuation Standards Entities must recognize in off-balance sheet accounts the resources subject to the mandate operations they perform, attending to the responsibility that the realization or fulfillment of the object of said operations implies for the entity, whose commission is accepted. The valuation of the resources subject to the mandate operation, recognized in off-balance sheet accounts, will be carried out in accordance with what is stipulated in these accounting criteria for electronic payment fund institutions. Losses borne by the entity for responsibilities incurred in mandate operations will be recognized in results in the period in which they are known, regardless of the moment in which any legal promotion for this effect is carried out. The recognition of income from the execution of mandate operations performed by entities must be done based on what is established in NIF D-1 Revenue from Contracts with Customers. The accumulation of accrued but uncollected income for mandate operations must be suspended at the moment when the debt for these presents 90 or more natural days of non-payment, being able to accumulate again when the pending payment debt is settled in full. Presentation Standards Statement of Financial Position Off-balance sheet accounts will present under the item assets in mandate the total amount of resources subject to the mandate operations performed by entities, according to the recognition and valuation standards provided in this criterion. Likewise, accrued but uncollected income for mandate operations must be presented in off-balance sheet accounts under the item other recording accounts. Statement of Comprehensive Income Losses borne by the entity for incurred responsibilities will be presented under the item of other operating income (expenses), while the income from mandate operations will be included under the item of commissions and fees charged. Disclosure Standard Through notes to the financial statements, the amount of income received by the entity in mandate operations must be disclosed.

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C-1 SECURITIZATION OPERATIONS
Objective
The purpose of this standard is to define the specific rules regarding the treatment in financial statements of securitization operations.

Definitions
Financial Asset.- A right arising from a contract, which provides monetary economic resources to the entity. Therefore, it includes, among others:
a) Cash or cash equivalents; b) Financial instruments generated by a contract, such as an investment in a debt or equity instrument issued by a third party; c) A contractual right to receive cash or any other financial instrument from another entity; d) A contractual right to exchange financial assets or financial liabilities with a third party on terms favorable to the entity, or e) A right that will be settled with a variable number of equity instruments issued by the entity itself. Subordinated Assets.- Those assets whose availability is conditioned on the occurrence of certain events. Administration of transferred financial assets.- A contract by which an entity provides services related to the administration of the financial assets subject to securitization operations, such as; collecting and custodian payments of principal and interest from the transferred financial assets; making payments of taxes and insurance related to said payments on behalf of the securitization vehicle; monitoring default cases or following up on the credit risk attributable to the debtors of said assets; in its case, executing adjudication processes; temporarily investing received payments pending distribution; paying commissions to guarantors and other service providers in the operation; making payments to holders of securities placed among investors through stock exchanges or recognized trading mechanisms. Overcollateralization (Aforo).- Financial asset transferred by the transferor to the transferee in securitization operations, in addition to the financial assets subject to securitization operations, in order to cover possible defaults by the debtors of the financial assets subject to securitization, guarantee the payment of obligations to investors, among others. Interest Benefits.- Right to receive the total or specific portions of cash flows from a trust, entity or other figure, including participations in principal and/or interest of debt instruments with priority of payment and/or subordinated, other cash flows from underlying assets, premiums, obligations, residual interest (whether in the form of debt or equity), among others. Transferee Residual Benefits.- Interest benefits in the form of titles, contracts or documents that grant their holder participation in the possible excess or remainder that, in its case, the transferee generates, such as, contribution certificates, contribution certificates, fiduciary rights certificates, residual interests, among others. Securitization.- Operation by means of which certain financial assets are transferred to a transferee, with the purpose that the latter issues titles to be placed among investors through stock exchanges or recognized trading mechanisms, which represent the right to receive what is established in the placement prospectus. Transferor.- Is the entity that transfers to another a financial asset, a participation in a financial asset or a group of financial assets that it controls. Transferee.-
Securitization vehicle that receives a financial asset, a participation in a financial asset or a group of financial assets from the transferor. Equity Financial Instrument.- It is originated by a contract that evidences the participation or the option to participate in the net assets of an entity. Continuing Involvement. Is the condition existing by means of which the transferor continues related to a transferred financial asset, either by continuing to have:
a) Exposure to the risks and benefits of the future cash flows of the transferred financial asset; or b) Control over the cash flows of the transferred financial asset, with or without exposure to the relative risks or benefits.

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Financial Liability.- It is an obligation arising from a contract, which will require the use of monetary economic resources of the entity. Therefore, it represents:
a) An obligation to deliver cash or another financial asset to a third party to settle it; b) A contractual obligation to exchange financial assets or financial liabilities with a third party under conditions unfavorable to the entity; or c) An obligation that will be settled with a variable number of equity instruments issued by the entity itself. Revolver of financial assets in securitization operations.- Mechanism in securitization operations by means of which the transferee agrees with the transferor, the transfer of financial assets in a periodic manner and during a predetermined time (known as the revolving period), in order to maintain an adequate financial relationship between the transferred financial assets and the titles placed among investors through stock exchanges or recognized trading mechanisms, and in this way comply with the obligations of the operation. Substitution of financial assets in securitization operations.- Mechanism in securitization operations by means of which the transferor substitutes for the transferee one or more transferred financial assets during a predetermined period, when any of the previously agreed circumstances occur, such as deterioration in the rating of securities, or significant defaults from the transferred financial assets. Fair Value.- It is the exit price that, at the valuation date, would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Securitization Vehicle.- It is an entity, trust or other legal figure, whose activities, in accordance with its object or statutes, are permanently limited to:
a) Maintain possession of the transferred financial assets; b) Issue securities that represent rights over the financial assets; c) Receive the flows proceeding from the transferred financial assets, reinvest them in financial instruments and provide other services associated with the assets; d) Distribute the benefits to the holders of the securities placed among investors through stock exchanges or recognized trading mechanisms, and e) Distribute the residual benefits that in its case has the obligation to deliver.

Characteristics
In securitization operations, the transferor may or may not transfer the risks and benefits on the financial assets to the transferee, and may also transfer or not the control of them. The transferee issues securities to be placed among investors through stock exchanges or recognized trading mechanisms, which represent interest benefits or rights over what is established in the placement prospectus. As consideration, the transferor may receive, among others, cash or cash equivalents, financial instruments, residual benefits of the transferee, rights or financial instruments derived. In operations that meet the definitions, concepts and assumptions established in NIF C-14 Transfer and derecognition of financial assets for derecognition of the total or a portion of financial assets (as the case may be), the transferring entity (transferor) shall derecognize such total or portion of the securitized financial assets from its financial statements and recognize the consideration received or incurred in the securitization operation in accordance with what is stated in said NIF C-14. On the other hand, the receiving entity (transferee) shall recognize such financial assets in its statement of financial position, as well as the consideration granted or received for the securitization operation in accordance with what is stated in Criterion A-2 Application of specific rules". If in accordance with what is established in the previous paragraph, the definitions, concepts and assumptions established in NIF C-14 for derecognition of the total, or of a portion of financial assets based on continuing involvement, are not met, the transferring entity (transferor) shall not remove the securitized financial assets in total or portion for which it retains a continuing involvement from its financial statements and shall recognize the associated financial liability, as well as the consideration received or incurred in the operation, in accordance with what is stated in said NIF C-14. On the other hand, the receiving entity (transferee) shall recognize the portion of the transferred financial asset that the transferor has derecognized and over which the transferee has obtained the rights and contractual obligations; the consideration received or incurred in the operation, considering the new financial assets and the new obligations assumed (including the account receivable for the financing granted to the transferor against the exit of cash, as well as the entry of financial assets from the placement of securities among investors against the corresponding liability for the issuance of titles), in accordance with what is stated in Criterion A-2.

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Additionally, in securitization operations, the transferor may grant an overcollateralization (cash or cash equivalents, securities, rights and financial derivatives, among others) in order to cover possible defaults by the debtors of the financial asset subject to securitization, or to guarantee the payment of obligations to investors, among others. For the granting of said overcollateralization, the transferor may or may not maintain the right to receive assets as consideration, such as, the reimbursement of the overcollateralization itself, residual benefits of the transferee, interest benefits, among others. Likewise, regardless of the granting of the overcollateralization, the transferor may receive financial assets in the form of residual benefits of the transferee and interest benefits, among others.

Operations that meet the requirements for derecognition of financial assets Recognition and valuation rules Transferor At the time the transfer of financial assets in securitization operations that meet the definitions, concepts and assumptions established in NIF C-14 for derecognition of the total or a portion of financial assets (as the case may be) is made, the transferring entity (transferor) shall make the accounting records indicated in said NIF C-14 for such cases. Regarding financial assets for which estimates of expected credit losses or similar concepts have been established, at the time of recognizing their exit from the statement of financial position, their net book value at the date of their transfer shall be considered. Consistently with what is established in NIF C-14, the consideration received or incurred in the operation shall be recognized, considering the new financial assets and the new obligations assumed, at their fair values (such as cash or cash equivalents, interest benefits, financial derivative instruments, assets or liabilities for administration of transferred financial assets, financial liabilities, rights over the granted overcollateralization), attending the recognition, valuation, presentation and disclosure rules in accordance with the accounting criterion that corresponds according to the nature of the item in question. The consideration received in the form of residual benefits of the transferee shall be recognized as benefits to be received in securitization operations and shall be valued, from their initial recording, at their fair value at the valuation date, recognizing the adjustments resulting from their valuation in the results of the period. The fair value valuation of the residual benefits of the transferee shall, in its case, be consistent with the accounting policies of an entity that must be consolidated, in accordance with what is stated in NIF B-8 Consolidated or combined financial statements, in order to facilitate the consolidation of the transferee in the financial statements of the transferor. For the recognition of operations that meet the requirements for derecognition of financial assets, what is established in NIF C-14 shall be attended. Subsequent collections or recoveries related to the benefits to be received in securitization operations shall be recognized attending to the nature of the items received, following the recognition, valuation, presentation and disclosure rules in accordance with the accounting criterion that corresponds and shall be applied directly to the reduction of said benefits to be received. Subsequent collections or recoveries in excess of the amount recorded in benefits to be received in securitization operations shall be recognized attending to the nature of the items received, following the recognition, valuation, presentation and disclosure rules in accordance with the accounting criterion that corresponds against the results of the period.

Revolver and substitution of financial assets in securitization operations In securitization operations in which it is agreed that the transferor may transfer additional financial assets to those initially transferred, as in the case of substitution or revolver, it shall be verified whether such transfers comply with what is provided in NIF C-14 or, in its case, in Criterion A-2 in order to determine their recognition and/or derecognition from the statement of financial position.

Administration of transferred assets
In case the transferor provides administration services for the transferred financial assets, an asset or liability for administration of transferred assets shall be recognized initially at its fair value as part of the initial recording of the operation. When the consideration for said administration is reasonably expected to exceed the costs and expenses incurred for the administration service, an asset for administration of transferred assets shall be recognized; otherwise, a liability for administration of transferred assets shall be recognized. Subsequently, said assets or liabilities for administration shall be valued at fair value, recognizing the valuation effects directly in the results of the period.

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Transferee
At the time the transfer of financial assets in securitization operations that meet the definitions, concepts and assumptions established in NIF C-14 for derecognition of the total or a portion of financial assets (as the case may be) is made, the transferee shall make the accounting records indicated in Criterion A-2 for the recognition of financial assets, including the consideration granted or received for the securitization operation (such as, cash or cash equivalents, financial derivative instruments, financial assets and obligations on the received overcollateralization). Subsequently, for valuation purposes, the recognition, valuation, presentation and disclosure rules shall be attended in accordance with the accounting criterion that corresponds according to the nature of the item in question. Regarding the placement of securities among investors through stock exchanges or recognized trading mechanisms, the transferee shall record in its accounting the entry of the financial assets resulting from said placement of securities, as well as the corresponding financial liability, including any other interest benefit, attending to what is established in NIF C-19 Financial instruments payable. The obligations in which, in its case, the transferee incurs, which represent the benefits on its remainder, shall be recorded as part of equity capital or equity, as the case may be. The expenses for the issuance of the titles placed among investors through stock exchanges or recognized trading mechanisms incurred by the transferee shall be recorded in accordance with what is established in NIF C-19. Expenses for the concept of administration of financial assets will be recognized in the results of the period.

Presentation rules
Transferor
Statement of Financial Position
The residual benefits in securitization operations and the asset for administration of transferred financial assets will be presented in the statement of financial position forming part of the benefits to be received in securitization operations. The liabilities for administration of transferred assets will be presented in the item of obligations in securitization operations. The rest of financial assets and obligations assumed from securitization operations that meet the requirements for derecognition of financial assets will be presented in the statement of financial position in accordance with the accounting criterion that corresponds according to the nature of the item in question.

Statement of Comprehensive Income
The result from derecognition of a financial asset in its entirety, as well as the result from derecognition of a portion of a financial asset will be presented in the item of the statement of comprehensive income that corresponds according to the nature of the asset or portion of it, whether as a gain or loss. The valuation of the benefits to be received in securitization operations, as well as of the assets or liabilities for administration of transferred assets will be presented in the statement of comprehensive income in the item of other income (expenses) of the operation, as appropriate. The collections or recoveries in excess of the amount recorded in benefits to be received in securitization operations will be presented in the item of other income (expenses) of the operation. The loss that, in its case, existed for the difference between the collections or recoveries and the amount recorded in benefits to be received in securitization operations will be presented in the item of other income (expenses) of the operation. The presentation of the effects in results for the rest of financial assets and obligations assumed from securitization operations will be carried out in accordance with the accounting criterion that corresponds according to the nature of the item in question.

Transferee
Statement of Financial Position
The financial assets subject to securitization operations that meet the requirements for derecognition of financial assets by the transferor will be presented in the statement of financial position of the transferee in accordance with the accounting criterion that corresponds according to the nature of the item in question. Likewise, the amount of the securities placed among investors through stock exchanges or recognized trading mechanisms, subject to the securitization operation, shall be presented within the liability in a specific item in the statement of financial position as securitized liabilities. The obligations that represent the benefits on its remainder will be presented in the statement of financial position forming part of the equity capital or equity, as the case may be.

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Statement of Comprehensive Income
Interest accrued on securities and other interest benefits placed with investors through stock exchanges or trading mechanisms recognized by the assignee, as well as issuance expenses in terms of NIF C-19, shall be recognized in the results of the period as interest expenses. Expenses for the administration of financial assets recognized in the results of the period shall be presented in the item of commissions and fees paid. Where applicable, the presentation of effects in results for the remaining financial assets and obligations assumed from securitization operations that do not meet the requirements for derecognition of financial assets shall be carried out in accordance with the accounting criterion corresponding to the nature of the item in question.

Operations that do not meet the requirements for derecognition of financial assets Recognition and valuation standards Transferor (Cedent) In the case of transfers of financial assets in securitization operations that do not meet the definitions, concepts, and assumptions established in NIF C-14 for the derecognition of the entirety, or portion, of financial assets based on continuing involvement, the transferring entity (transferor) shall carry out the accounting records contained in the aforementioned NIF C-14 for such cases.

Assignee (Transferee)
In the case of transfers of financial assets in securitization operations that do not meet the definitions, concepts, and assumptions established in NIF C-14 for the derecognition of the entirety, or portion, of financial assets based on continuing involvement, the assignee shall carry out the accounting records established in the aforementioned NIF C-14 for such cases. Among other records, the assignee shall recognize in its statement of financial position the resources coming from investors for the placement of securities through stock exchanges or recognized trading mechanisms, against the corresponding financial liability for the placed titles. Likewise, the assignee shall recognize the financing granted to the transferor against the outflow of resources. The issuance expenses of the titles placed with investors through stock exchanges or recognized trading mechanisms incurred by the assignee shall be recorded in accordance with what is established in NIF C-19. Expenses for the administration of financial assets shall be recognized in the results of the period.

Presentation standards
Transferor (Cedent)
Statement of Financial Position
The financial assets that the transferor entity grants as guarantee or collateral in securitization operations, where applicable, shall be presented as a restricted asset, according to the type of asset in question. Likewise, the financial liability corresponding to the financing received from the assignee shall be presented as part of bank loans or from other entities. The liability associated with securitization operations in which continuing involvement is retained shall be presented in the item of obligations in securitization operations. The remaining financial assets and obligations assumed from securitization operations that do not meet the requirements for derecognition of financial assets shall be presented in the statement of financial position in accordance with the accounting criterion corresponding to the nature of the item in question. Statement of Comprehensive Income Where applicable, the presentation of effects in results for the remaining financial assets and obligations assumed from securitization operations that do not meet the requirements for derecognition of financial assets shall be carried out in accordance with the accounting criterion corresponding to the nature of the item in question.

Assignee (Transferee)
Statement of Financial Position
The financial asset representing the financing granted to the transferor shall be presented within accounts receivable. Likewise, the amount of the securities placed with investors through stock exchanges or recognized trading mechanisms, subject to the securitization operation, shall be presented within liabilities in a specific item in the statement of financial position.

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Statement of Comprehensive Income
Interest accrued on securities and other interest benefits placed with investors through stock exchanges or trading mechanisms recognized by the assignee, as well as issuance expenses in terms of what is stated in NIF C-19, shall be recognized in the results of the period as interest expenses. Where applicable, the presentation of effects in results for the remaining financial assets and obligations assumed from securitization operations that do not meet the requirements for derecognition of financial assets shall be carried out in accordance with the accounting criterion corresponding to the nature of the item in question. Expenses for the administration of financial assets, recognized in the results of the period, shall be presented in the item of commissions and fees paid. Disclosure standards The following information shall be disclosed in notes to the financial statements regarding securitization operations:

Transferor (Cedent) a) The characteristics of the securitization operations carried out: the type of securitization celebrated (whether it corresponds to a securitization that met or did not meet the requirements for the derecognition of financial assets), generic type of financial assets transferred, restrictions on the assignee's rights over the ceded financial assets (mainly characteristics and amounts of restricted assets), characteristics of the coverage and collateral, as well as the amounts recognized in results for these operations in the item of other income (expenses) of the operation; b) Main characteristics of the consideration received and incurred in securitization operations; c) The main characteristics of the assets and liabilities that make up the benefits on the assignee's remainder, where applicable, as well as description of the methodology used for their valuation; d) Detailed description of the valuation methodology of the benefits on the assignee's remainder, main assumptions used, including a scenario showing the valuation under adverse conditions, as well as the mention that such valuation was carried out, where applicable, under parameters consistent with formal techniques recognized in the market (revealing said parameters); e) Amount of the valuation effect recognized in results for the valuation of benefits on the assignee's remainder; f) Amount of financing received in securitization operations, as well as main conditions relative to the obligations acquired for its payment (term, rate, payment methods, among others); g) Description of agreements for the revolving and substitution of transferred financial assets, where applicable; h) Description of agreements for the repurchase of ceded assets, where applicable; i) Description of rights or obligations held over the transferred financial assets that act as coverage or collateral, as applicable; j) Description of agreements to provide the service of administration of transferred financial assets; k) Amount recognized in the results of the period for the fair value valuation of the asset or liability for asset administration, as well as main assumptions used for the determination of said fair value; l) Information on early settlements of transferred or ceded financial assets, and m) Description of financial assets received as a result of the settlement of assignee's remainders or excesses.

Assignee (Transferee) a) The characteristics of the interest benefits issued, subordinated or not, such as type, amount, interest rate, term, payment rights and restrictions; b) Main characteristics of the consideration received and incurred in securitization operations; c) Credit quality rating of the titles placed with investors through stock exchanges or recognized trading mechanisms, as well as of the financial assets subject to the securitization operation, and d) Description of the methodology used to value at fair value the obligations related to securitization operations.

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D-1 STATEMENT OF FINANCIAL POSITION
Background
Financial information must comply, among other things, with the purpose of presenting the financial situation of entities at a specific date, requiring the establishment, through specific criteria, of the objectives and general structure that the statement of financial position must have. Objective and Scope This criterion aims to establish the general characteristics, as well as the structure that the statement of financial position of entities must have, which must adhere to what is provided in this criterion. Likewise, minimum guidelines are established with the purpose of homogenizing the presentation of this financial statement among entities, and thus facilitate its comparability. The statement of financial position aims to present information relative to resources (assets) and sources of financing (liabilities and equity) of an entity at a specific date. The statement of financial position, therefore, must adequately show, on consistent bases, the position of entities regarding their assets, liabilities, equity, and off-balance sheet items, so that the economic resources available to said entities, as well as their financial structure, can be evaluated. Additionally, the statement of financial position must fulfill the objective of being a useful tool for the analysis of different entities, so it is convenient to establish the concepts and general structure that said financial statement must contain. Concepts Integrating the Statement of Financial Position In a broad context, the concepts that integrate the statement of financial position are: assets, liabilities, and equity, understood as such concepts as defined in NIF A-1, Chapter 50, Basic Elements of Financial Statements. Likewise, the off-balance sheet items referred to in this criterion are part of the concepts that integrate the structure of the statement of financial position of entities. Structure of the Statement of Financial Position The structure of the statement of financial position must group the concepts of asset, liability, equity, and off-balance sheet items, in such a way that it reflects their degree of liquidity or exigibility from greater to lesser, as appropriate. In this way, the minimum items that must be included in the statement of financial position are the following:
Asset cash and cash equivalents; margin accounts (derivative financial instruments); investments in financial instruments; receivables from repurchase agreements; derivative financial instruments; valuation adjustments for hedging financial assets; virtual assets; benefits to receive in securitization operations; accounts receivable (net); long-term assets held for sale or for distribution to owners; prepayments and other assets; property, furniture, and equipment (net); right-of-use assets for property, furniture, and equipment (net); delayed income tax asset (net); intangible assets (net), and right-of-use assets for intangible assets (net).

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Liability electronic payment funds issued; securities liabilities; bank loans and from other entities; collaterals sold or given as guarantee; derivative financial instruments; valuation adjustments for hedging financial liabilities; obligations in securitization operations; lease liability; other accounts payable; liabilities related to groups of assets held for sale; financial instruments that qualify as liabilities; obligations associated with the removal of components of property, furniture, and equipment; income tax liability; employee benefits liability, and delayed credits and advance collections. Equity contributed capital, and retained earnings. Off-balance sheet items contingent assets and liabilities; goods in mandate; goods in custody or administration; collaterals received by the entity; collaterals received and sold or delivered as guarantee by the entity, and other registration accounts. Presentation of the Statement of Financial Position The items described above correspond to the minimum required for the presentation of the statement of financial position; however, entities must break down, either in the said financial statement or through notes, the content of the concepts they consider necessary in order to show their financial situation to the user of the financial information. At the end of this criterion, a statement of financial position prepared with the minimum items referred to in the previous paragraph is shown. However, certain items of the statement of financial position require special guidelines for their presentation, which are described below:
Margin Accounts (Derivative Financial Instruments) Balances coming from cash, securities, or other assets margin accounts referred to in NIF C-10 Derivative Financial Instruments and Hedging Relationships shall be presented as part of this item. Investments in Financial Instruments The different categories of investments in financial instruments shall be presented within this item, such as: negotiable financial instruments, financial instruments for collection or sale, and financial instruments for collection of principal and interest (securities), the latter at their amortized cost (that is, including accrued but uncollected interest and net of items to amortize and expected credit losses). Receivables from Repurchase Agreements The debtor balance coming from repurchase operations referred to in the corresponding criterion shall be presented immediately after the concept of investments in financial instruments.

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Derivative Financial Instruments
Financial assets coming from derivative financial instruments shall be presented immediately after the concept of receivables from repurchase agreements, disaggregated into derivative financial instruments for trading purposes or for hedging purposes, as appropriate. Valuation Adjustments for Hedging Financial Assets In a fair value hedge for interest rate risk of a portion of a portfolio composed of financial assets, the adjustment to the book value of the hedged item by the gain or loss recognized in the results of the period shall be presented in this item, immediately after the item of derivative financial instruments. Virtual Assets Virtual assets held in proprietary position by the entity shall be presented within this item, attending to what is established in NIF C-22 Cryptocurrencies. Accounts Receivable (Net) Settling debtor accounts, overdrafts in accounts derived from the transmission of electronic payment funds, debtors from margin accounts, debtors from collaterals granted in cash, various debtors, taxes to recover, and conditional accounts receivable shall be presented, deducting, where applicable, the estimate of expected credit losses. Long-term Assets Held for Sale or for Distribution to Owners Investments in long-term assets that are classified as held for sale or for distribution to owners, including discontinued operations, as referred to in NIF B-11 Disposal of Long-term Assets and Discontinued Operations, shall be presented within this item. Prepayments and Other Assets Prepayments and other assets, such as deferred charges and security deposits, as well as other short-term and long-term assets, shall be presented as a single item in the statement of financial position. The asset for employee benefits arising in accordance with what is established in NIF D-3 Employee Benefits shall be part of this item. Right-of-Use Assets for Property, Furniture, and Equipment (Net) Those assets representing the right of a lessee to use a property, furniture, or equipment during the lease term, reduced by their accumulated depreciation, are presented. Right-of-Use Assets for Intangible Assets (Net) Those assets representing the right of a lessee to use an intangible asset during the lease term, reduced by their accumulated amortization, shall be presented. Electronic Payment Funds Issued They represent the entity's obligation upon receiving any amount of cash to issue electronic payment funds, that is, the obligation to redeem or transmit said funds at the moment the customer instructs it. Bank Loans and from Other Entities Bank loans and from other entities shall be grouped within a specific item, broken down into:
a) short-term (amount of amortizations whose term to mature is less than or equal to one year), and b) long-term (amount of amortizations whose term to mature is greater than one year). Collaterals Sold or Given as Guarantee Collaterals sold or given as guarantee representing the obligation to return the collateral received from the counterparty in repurchase operations, derivative financial instruments, and other sold collaterals shall be presented within this item in a disaggregated manner. Derivative Financial Instruments Financial liabilities coming from derivative financial instruments shall be presented immediately after the item of collaterals sold or given as guarantee, disaggregated into derivative financial instruments for trading purposes or for hedging purposes, as appropriate.

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Valuation Adjustments for Hedging Financial Liabilities In a fair value hedge for interest rate risk of a portion of a portfolio composed of financial liabilities, the adjustment to the book value of the hedged item by the gain or loss recognized in the results of the period shall be presented in this item, immediately after the corresponding financial liabilities. Other Accounts Payable Among others, settling creditor accounts, creditors from margin accounts, creditors from collaterals received in cash, contributions to pay, various creditors, and other accounts payable shall be part of this item, including in the latter overdrafts in checking accounts and the negative balance of the item of cash and cash equivalents that, in accordance with what is established in criterion B-1 Cash and Cash Equivalents, must be presented as a liability. Likewise, the global account of electronic payment funds referred to in article 28 of the Law to Regulate Financial Technology Institutions shall be presented as part of this item. Liabilities Related to Groups of Assets Held for Sale Liabilities related to groups of long-term assets held for sale, including discontinued operations, such as obligations for removal linked to the disposal of assets, shall be presented within this item. Financial Instruments that Qualify as Liabilities Contributions for future capital increases pending formalization by the shareholders' assembly, as well as those financial instruments that qualify as liabilities, in accordance with what is established in NIF C-12 Financial Instruments with Liability and Equity Characteristics, shall be included in this item. Obligations Associated with the Removal of Components of Property, Furniture, and Equipment In this item, obligations arising from the permanent removal of the service of a component of property, furniture, and equipment, in accordance with what is established in NIF C-18 Obligations Associated with the Removal of Property, Plant, and Equipment, shall be included. Income Tax Liability The amount corresponding to taxes incurred, as well as the amount resulting from deferred income tax liabilities, determined in accordance with what is established in NIF D-4 Income Taxes, shall be presented in this item. Employee Benefits Liability The liability arising in accordance with what is established in NIF D-3 shall be part of this item. Delayed Credits and Advance Collections This item shall be integrated by delayed credits and advance collections, such as advance collections received on account of goods promised for sale or with reservation of ownership, among others. Off-balance Sheet Items At the bottom of the statement of financial position, situations or events that, according to the definition of assets, liabilities, and equity mentioned above, should not be included within said concepts in the statement of financial position of entities, but that provide information on any of the following events, shall be presented:
a) contingent assets and liabilities in accordance with NIF C-9 Provisions, Contingencies, and Commitments; b) goods in mandate; c) goods in custody or administration; d) collaterals received by the entity; e) collaterals received and sold or delivered as guarantee by the entity; f) amounts that complement the figures contained in the statement of financial position, and g) other accounts that the entity considers necessary to facilitate accounting records or to comply with applicable legal provisions.

136 OFFICIAL GAZETTE Friday January 20, 2023

NAME OF THE ELECTRONIC PAYMENT FUND INSTITUTION ADDRESS

FINANCIAL POSITION STATEMENT AS OF ____ OF ____________ OF ______ EXPRESSED IN PURCHASING POWER CURRENCY OF _______________ OF ______ (1) (Numbers in thousands of pesos)

ASSETS LIABILITIES AND EQUITY

CASH AND CASH EQUIVALENTS $ ELECTRONIC PAYMENT FUNDS ISSUED $ MARGIN ACCOUNTS (FINANCIAL DERIVATIVE INSTRUMENTS) STOCK MARKET LIABILITIES INVESTMENTS IN FINANCIAL INSTRUMENTS BANK LOANS AND LOANS FROM OTHER ORGANISMS

Negotiable financial instruments Short-term
Financial instruments to collect or sell Long-term Financial instruments to collect principal and interest (bonds) (net)

COLLATERAL SOLD OR PLEDGED
REPO DEBTORS Repos
Financial derivative instruments
OTHER SOLD COLLATERAL

FINANCIAL DERIVATIVE INSTRUMENTS
For trading purposes
For hedging purposes FINANCIAL DERIVATIVE INSTRUMENTS For trading purposes

ASSET VALUATION ADJUSTMENTS FOR FINANCIAL ASSET HEDGING For hedging purposes

VIRTUAL ASSETS ASSET VALUATION ADJUSTMENTS FOR FINANCIAL LIABILITIES HEDGING

BENEFITS TO BE RECEIVED IN SECURITIZATION OPERATIONS OBLIGATIONS IN SECURITIZATION OPERATIONS

ACCOUNTS RECEIVABLE (NET) LEASE LIABILITY

LONG-TERM ASSETS HELD FOR SALE OR FOR DISTRIBUTION TO OWNERS

OTHER ACCOUNTS PAYABLE

Creditors for settlement of operations

ADVANCE PAYMENTS AND OTHER ASSETS Creditors for margin accounts Creditors for collateral received in cash

PROPERTY, FURNITURE AND EQUIPMENT (NET) Contributions payable

Global electronic payment fund account

RIGHT-OF-USE ASSETS FOR PROPERTY, FURNITURE AND Miscellaneous creditors and other accounts payable EQUIPMENT (NET)

LIABILITIES RELATED TO GROUPS OF ASSETS

HELD FOR SALE

DEFERRED INCOME TAX ASSET (NET)

FINANCIAL INSTRUMENTS QUALIFYING AS LIABILITIES

INTANGIBLE ASSETS (NET) Subordinated obligations in circulation

Contributions for future capital increases pending formalization by its shareholders' meeting

RIGHT-OF-USE ASSETS FOR INTANGIBLE ASSETS (NET) Others

LIABILITIES ASSOCIATED WITH THE RETIREMENT OF COMPONENTS OF PROPERTY, FURNITURE AND EQUIPMENT

INCOME TAX LIABILITY

EMPLOYEE BENEFITS LIABILITY

DEFERRED CREDITS AND ADVANCE RECEIVINGS

TOTAL LIABILITIES $

ACCOUNTING EQUITY

CONTRIBUTED CAPITAL

Share capital

Contributions for future capital increases formalized by its shareholders' meeting

Share premium

Financial instruments that qualify as equity

EARNED CAPITAL

Capital reserves

Accumulated results

Other comprehensive income

Valuation of financial instruments to collect or sell

Valuation of financial derivative instruments for cash flow hedging

Income and expenses related to assets held for disposal

Remeasurement of defined employee benefits

Accumulated effect from translation

TOTAL ACCOUNTING EQUITY $

TOTAL ASSETS $ TOTAL LIABILITIES AND ACCOUNTING EQUITY $

OFF-BALANCE SHEET ACCOUNTS

Contingent assets and liabilities

Assets in mandate

Assets in custody or administration

Collateral received by the entity

Collateral received and sold or pledged by the entity

Other registration accounts

The concepts appearing in this statement are shown in an enumerative but not exhaustive manner.
(1) This line will be omitted if the economic environment is "non-inflationary".

Friday January 20, 2023 OFFICIAL GAZETTE 137

D-2 STATEMENT OF COMPREHENSIVE INCOME

Background
Financial information must comply, among other things, with the purpose of reporting the results of the operations of an entity during a defined accounting period, requiring the establishment, through specific criteria, of the object and general structure that the statement of comprehensive income must have. This is with the aim of obtaining elements of judgment regarding, among other issues, the level of operational efficiency, profitability and financial risk.

Objective and Scope
This criterion aims to establish the general characteristics for the presentation and structure of the statement of comprehensive income, the minimum content requirements and the general norms of revelation. Whenever this financial statement is prepared, entities must adhere to the structure and guidelines provided in this criterion through which the presentation of this financial statement is sought to be homologated among entities, and in this way, facilitate its comparability. The statement of comprehensive income aims to present information relative to the result of the operations of the entity during an accounting period.

Concepts that integrate the statement of comprehensive income In a broad context, the concepts that integrate the statement of comprehensive income are; income, costs and expenses, net result and comprehensive result, considering as such the concepts thus defined in NIF A-1,
Chapter 50, Basic elements of financial statements.

Structure of the statement of comprehensive income The minimum items that the statement of comprehensive income must contain in entities are the following:
operating result; result before income tax; result from continuing operations; net result, and comprehensive result.

Presentation of the statement of comprehensive income The items described above correspond to the minimum requirements for the presentation of the statement of comprehensive income, however, entities must break down either in the cited statement of comprehensive income, or through notes to the financial statements, the content of the concepts they consider necessary in order to show their results to the user of financial information. At the end of this criterion, a statement of comprehensive income is shown, prepared with the minimum items referred to in the previous paragraph.

Characteristics of the items that make up the structure of the statement of comprehensive income Operating Result The operating result is composed of the result from services, and the financial margin, increased or decreased by:
a) The result from intermediation, b) Other operating income (expenses) other than income or expenses for interest that have been included within the financial margin, and c) Administrative and promotional expenses.

Result from services
The result from services is considered to include commissions and fees charged and paid, among others, for loans received, debt placement and for the provision of services among others, account management, fund transfer, custody or administration of resources on behalf of clients.

Financial Margin
The financial margin must be composed of the difference between interest income and interest expenses, increased or decreased by the result from net monetary position, related to items in the financial margin (in the case of an inflationary environment).

138 OFFICIAL GAZETTE Friday January 20, 2023

Interest Income
Interest income from financial operations is considered, such as, deposits in financial entities, margin accounts, investments in financial instruments, repo operations, hedging operations, as well as premiums for debt placement. Likewise, adjustments for valuation derived from items denominated in UDIS or in some other general price index are considered as interest income, as well as exchange gains, provided that such items come from positions related to income or expenses that form part of the financial margin.

Interest Expenses
Interest expenses are considered to include transaction costs, discounts and interest derived from stock market liabilities, bank loans and loans from other organizations, expenses arising from operations with financial derivative instruments. In addition to those premiums paid for the early redemption of financial instruments that qualify as liabilities. Likewise, adjustments for valuation derived from items denominated in UDIS or in some other general price index are considered as interest expenses, as well as exchange losses on positions, provided that such concepts come from assets or liabilities related to expenses or income that form part of the financial margin. Likewise, expenses related to lease liabilities are considered as interest expenses.

Result from net monetary position (financial margin) The result from net monetary position referred to in paragraph 9, will be that which originates from items whose income or expenses form part of the financial margin (in the case of an inflationary environment).

Result from intermediation
Likewise, the result from intermediation is considered as part of the operating result, understood as the following concepts:
k) result from valuation at fair value of negotiable financial instruments and financial derivative instruments for trading or hedging purposes, valuation of the hedged item, as well as sold collateral; l) estimate of expected credit losses for investments in financial instruments; m) result from valuation of currencies; n) result from valuation of virtual assets; o) result from sale and purchase of financial instruments and financial derivative instruments; p) result from sale and purchase of virtual assets; q) result from sale and purchase of currencies; r) the result from the sale of received collateral; s) transaction costs for the sale and purchase of negotiable financial instruments, and financial derivative instruments, as well as virtual assets, and t) other financial results.

Other operating income (expenses)
Additionally, other operating income (expenses) are recognized within the operating result, considered as such the income and expenses derived from the entity's operations and that are not included in the previous paragraphs, nor form part of administrative and promotional expenses, such as:
a) recoveries of taxes and excess in benefits to be received in securitization operations; b) adjustments to the estimate of expected credit losses; c) losses; d) donations; e) loss in custody and administration of goods; f) loss in mandate operations; g) loss from impairment or effect from reversal of impairment of other long-term assets held for sale;

Friday January 20, 2023 OFFICIAL GAZETTE 139

h) interest charges in financing for acquisition of assets; i) result in sale of properties, furniture and equipment; j) cancellation of other liability accounts; k) interest in favor arising from loans to officials and employees; l) rental income; m) the result from valuation of the asset (or liability) for administration of transferred financial assets, as well as benefits to be received in securitization operations, and; n) other items of operating income (expenses). In addition to the previously mentioned items, the result from net monetary position, in the case of an inflationary environment, and the result from exchange generated by items not related to the financial margin of the entities will be presented in the item of other operating income (expenses).

Administrative and promotional expenses
Finally, administrative and promotional expenses must be considered within the operating result, which must include all types of direct short-term benefits granted to the entity's employees, PTU incurred and deferred, the net cost of the period derived from long-term employee benefits, fees, rents (for example, variable payments for lease, short-term leases), insurance and bonds, promotional and advertising expenses, taxes and various rights, non-deductible expenses, technology expenses, depreciation and amortizations, loss from impairment or effect from reversal of impairment of real estate and other assets in use, as well as inspection and surveillance fees CNBV, maintenance expenses, consumables and supplies and other administrative and promotional expenses.

Result from continuing operations
It is the result before income tax, decreased by the effect of income tax expenses incurred in the period, increased or decreased, as the case may be, by the effects of deferred income taxes generated or realized in the period, if applicable, net of their estimate.

Net result
Corresponds to the result from continuing operations, increased or decreased as appropriate, by discontinued operations referred to in NIF B-11 Disposal of long-term assets and discontinued operations.

Comprehensive result
Corresponds to the net result increased or decreased by the OCI of the period, net of the effects of income tax and PTU related. The OCI will be integrated by valuation of financial instruments to collect or sell, valuation of financial derivative instruments for cash flow hedging, income and expenses related to assets held for disposal, remeasurement of defined employee benefits and accumulated effect from translation.

Revelation norms
The following must be revealed in notes to the financial statements:
a) amount of charged commissions disaggregated by the main products handled by the entity; b) detail of commissions incurred for the provision of services by the entity; c) composition of the financial margin, identifying by type of currency interest income and interest expenses, distinguishing them by the type of operation from which they come (investments in financial instruments, repos, sold collateral, as well as stock market liabilities and bank loans and loans from other organizations, among others); d) composition of the result from intermediation, identifying the result from valuation at fair value and, if applicable, the result from sale and purchase, according to the type of operation from which they come (investments in financial instruments, virtual assets, as well as sold collateral); e) the detail of income taxes incurred and deferred; f) the detail of the movements of OCI net of income tax, corresponding to the effect of the period and to the recycling that was carried out, if applicable; g) the amounts of income tax, as well as PTU related to OCI, and h) the amount of basic earnings or loss per share and diluted earnings or loss per share, in case the entity trades on the stock exchange. The determination of both amounts must be made based on the NIF relative to earnings per share.

140 OFFICIAL GAZETTE Friday January 20, 2023

NAME OF THE ELECTRONIC PAYMENT FUND INSTITUTION ADDRESS

STATEMENT OF COMPREHENSIVE INCOME FROM ___________________ TO _________________ OF ___ EXPRESSED IN PURCHASING POWER CURRENCY OF ________ OF _______ (1) (Numbers in thousands of pesos)

Commissions and fees charged $
Commissions and fees paid
RESULT FROM SERVICES
Interest income
Interest expenses
Result from net monetary position (financial margin) FINANCIAL MARGIN Result from intermediation Other operating income (expenses) Administrative and promotional expenses OPERATING RESULT Income tax RESULT FROM CONTINUING OPERATIONS Discontinued operations NET RESULT Other Comprehensive Income Valuation of financial instruments to collect or sell Valuation of financial derivative instruments for cash flow hedging Income and expenses related to assets held for disposal Remeasurement of defined employee benefits Accumulated effect from translation COMPREHENSIVE RESULT $ Basic earnings per ordinary share $ The concepts appearing in this statement are shown in an enumerative but not exhaustive manner. (1) This line will be omitted if the economic environment is "non-inflationary".

Friday January 20, 2023 OFFICIAL GAZETTE 141

D-3 STATEMENT OF CHANGES IN EQUITY

Background
Financial information must comply, among other things, with the purpose of reporting the modifications in the owners' investment during a defined accounting period, requiring the establishment, through specific criteria, of the objectives and general structure that the statement of changes in equity must have, with the purpose of evaluating, among other issues, the profitability indices of the entity, both for a specific accounting period, as well as cumulatively as of the date of the financial statements.

Objective and Scope
This criterion aims to establish the general characteristics for the presentation and the structure that the statement of changes in equity of entities must have, the minimum content requirements and the general norms of revelation. This, with the purpose of homologating the presentation of this financial statement among entities and in this way, facilitate its comparability. The statement of changes in equity aims to present the movements between the initial and final balances of contributed capital and earned capital during an accounting period. In general and non-limiting terms, the main items that make up equity are:
a) contributed capital, which is composed of the portion of equity integrated by the contributions of the owners received by the entity and the amount of financial instruments issued by the entity that qualify as equity. They also include certain contributions for future capital increases, the premiums on issuance or sale of shares and financial instruments that qualify as equity, and b) earned capital, which is composed of accumulated comprehensive results, as well as by reserves created by shareholders. Therefore, the basic elements of the statement of changes in equity of entities are:
owner movements, reserve movements and comprehensive result, in accordance with NIF A-1,
Chapter 50, Basic elements of financial statements.
This criterion does not aim to establish the mechanism by which the aforementioned movements are determined, as they are subject to accounting criteria for electronic payment fund institutions or specific NIFs established for this purpose.

Structure of the statement of changes in equity The statement of changes in equity must present in a segregated manner, for each period for which it is presented, the amounts relative, if applicable, to:
a) initial balances of equity; b) adjustments for retrospective application due to accounting changes and error corrections; c) adjusted initial balances; d) owner movements; e) reserve movements; f) comprehensive result, and g) final balances of equity.

Initial balances of equity
In this line, the book values of each of the items of equity with which the entity started each period for which the statement of changes in equity is presented must be shown.

Adjustments for retrospective application due to accounting changes and error corrections Corresponds to adjustments derived from the retrospective application established in NIF B-1 Changes in accounting and error corrections. When retrospective adjustments have been determined that consequently affect the initial balances of the period, the corresponding amounts must:
a) be presented immediately after the initial balances, as they are adjustments to them, and b) be presented in a segregated manner by the amounts that affect each item of equity. In cases where in the same accounting period retrospective adjustments have been determined both for accounting changes, as well as for error corrections, both amounts must be presented in a segregated manner within the body of the statement of changes in equity.

142 OFFICIAL GAZETTE Friday January 20, 2023

Adjusted initial balances
They result from the algebraic sum of the initial balances of shareholders' equity and the adjustments due to retrospective application to each item individually.

Movements by owners
They are changes to contributed capital or, where applicable, to retained earnings, during an accounting period, derived from the decisions made by the owners regarding their investment in the entity. Some examples of this type of movements are the following:
a) capital contributions; b) capital repayments; c) declaration of dividends; d) capitalization of items from contributed capital; e) capitalization of comprehensive income, and f) capitalization of reserves. Movements corresponding to contributions from owners must be shown separately from those that are distributions to them, that is, they must not be shown on a net basis.

Movements in reserves
In this line item, the amounts representing increases or decreases to capital reserves must be shown.

Comprehensive income
It refers to the increase or decrease in the retained earnings of an entity derived from its operation during an accounting period, originated by net income or loss, plus other comprehensive income. In this line item, comprehensive income will be presented broken down into the following components:
a) net result of the period, and b) other comprehensive income (OCI).
Likewise, the net movement of the period of the components of comprehensive income must be presented; as net movement, it must be understood as OCI net of income tax, workers' participation in profits (PTU), and the recycling of OCI.

Final balances of shareholders' equity
The final balances of shareholders' equity are determined by the algebraic sum of the adjusted initial balances of each of the items of shareholders' equity plus the movements by owners, the movements in reserves, and comprehensive income.

Presentation of the statement of changes in shareholders' equity The concepts described above correspond to the minimum requirements for the presentation of the statement of changes in shareholders' equity; however, entities must break down, either in the cited statement of changes in shareholders' equity or through notes to the financial statements, the content of the concepts they consider necessary so that users of the financial information understand the movements that affected the shareholders' equity of the entities in the period. At the end of this standard, a statement of changes in shareholders' equity prepared with the requirements referred to in this standard is shown.

General considerations
In the event of an inflationary environment, all balances and movements incorporated in the statement of changes in shareholders' equity must be shown expressed in monetary units with purchasing power relative to the date of the financial statements.

Disclosure standards
The following must be disclosed in notes to the financial statements:
a) the amount of dividends distributed in the period, the manner in which they were paid, as well as the dividend per share data; b) the reason for the capital repayments made in the period, and c) a description of how the capital contributions of the period were made.

NAME OF THE ELECTRONIC PAYMENT FUNDS INSTITUTION ADDRESS STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY OF ___ FROM _____________ TO __ OF _____________ OF ___ EXPRESSED IN CURRENCY OF PURCHASING POWER OF _________ OF ____ (1) (Amounts in thousands of pesos)

Concept	Contributed Capital	Retained Earnings	Total Shareholders' Equity
	Social Capital	Contributions for future capital increases formalized by its shareholders' assembly	Premium on sale of shares	Financial instruments qualifying as capital	Capital Reserves	Accumulated Results	Valuation of financial instruments for collection or sale	Valuation of financial instruments derived from cash flow hedging	Income and expenses related to assets held for disposal	Remeasurement of defined employee benefits	Cumulative effect from translation
Balance at ___ of _________ of ___
Retrospective adjustments due to accounting changes
Retrospective adjustments due to error corrections
Balance at ___ of _______ of ___ adjusted
OWNERS' MOVEMENTS
Capital contributions
Capital repayments
Declaration of dividends
Capitalization of other concepts of shareholders' equity
Total
MOVEMENTS IN RESERVES
Capital Reserves
COMPREHENSIVE INCOME:
- Net result
- Other comprehensive income
Valuation of financial instruments for collection or sale
Valuation of financial instruments derived from cash flow hedging
Income and expenses related to assets held for disposal
Remeasurement of defined employee benefits
Cumulative effect from translation
Total
Balance at ___ of __________ of ___

The concepts appearing in this statement are shown in an enumerative but not exhaustive manner.
(1) This line will be omitted if the economic environment is "non-inflationary".

144 OFFICIAL GAZETTE Friday January 20, 2023

D-4 STATEMENT OF CASH FLOWS

Background
Financial information must fulfill, among other things, the purpose of showing the manner in which entities generate and use cash and cash equivalents, which are essential to maintain their operation, cover their obligations, as well as distribute dividends.

Objective and scope
This standard aims to establish the general characteristics for the presentation, structure, and preparation of the statement of cash flows of entities, as well as the disclosures that complement said financial statement. Likewise, minimum guidelines are established, with the purpose of homogenizing the presentation of this financial statement among entities and, in this way, facilitating its comparability. The statement of cash flows has as its main objective to provide users of the basic financial statements with information regarding the inflows and outflows of cash during an accounting period. When the statement of cash flows is used together with the rest of the financial statements, it provides information that allows users to:
a) evaluate changes in the assets and liabilities of the entity and in its financial structure (including its liquidity and solvency), and b) evaluate both the amounts and dates of collections and payments, in order to adapt to the circumstances and to the opportunities for generation and application of cash and cash equivalents. Likewise, the statement of cash flows presents the operations that were carried out in the period, that is, those that were materialized with the collection or payment of the item in question; while the statement of comprehensive income shows the operations accrued in the same period, that is, when they are recognized accounting-wise at the moment they economically affect the entity, regardless of the date in which they are considered carried out for accounting purposes. The statement of cash flows allows entities to improve the comparability of information on operational performance with different entities, because it eliminates the effects generated by the use of different accounting treatments for the same transactions and economic events. Historical information on cash flows is used as an indicator of the amount, timing of generation, and probability of future cash flows. Likewise, such information is useful to verify the accuracy of forecasts made in the past of future cash flows, to analyze the relationship between profitability and net cash flows, as well as, where applicable, the effects of inflation when there is an inflationary environment.

Definition of terms
Financing activities.- Those related to the obtaining, as well as the remuneration and compensation of funds coming from: i) the owners of the entity; ii) creditors granting financing not related to usual operating activities, and iii) the issuance by the entity, of financial instruments that qualify as liability or well, of financial instruments that qualify as capital. Investing activities.- Those related to the acquisition and disposal of: i) properties, furniture and equipment, intangible assets and other assets intended for use or for the provision of services; ii) long-term financial instruments; iii) permanent investments in financial instruments that qualify as capital; and iv) activities related to the granting and recovery of loans not related to operating activities. Operating activities.- Those that constitute the main source of income for the entity, include other activities that cannot be classified as investing or financing. Cash and cash equivalents.- This concept will be understood as what criterion B-1 Cash and cash equivalents establishes to that effect. Cash inflows.- They are increases in cash during an accounting period, generated by the decrease of any other asset other than cash, the increase in liabilities, or by increases to capital by the shareholders of the entity. Cash flows.- They are inflows and outflows of cash and cash equivalents. Movements between the items that constitute cash and cash equivalents will not be considered cash flows, given that these components are part of the administration of cash and cash equivalents of the entity, rather than its operating, investing, or financing activities. Cash outflows.- They are decreases in cash during an accounting period, generated by the increase of any other asset other than cash, the decrease in liabilities, or by the disposal of capital by the shareholders.

Friday January 20, 2023 OFFICIAL GAZETTE 145

Nominal value.- It is the amount in monetary units expressed in banknotes, coins, titles, and instruments.

Presentation standards
General considerations
Entities must exclude from the statement of cash flows all operations that did not affect cash flows. For example:
a) conversion of debt to capital and distribution of dividends in shares; b) share payments to employees; c) operations negotiated with asset exchange; d) creation of reserves and any other transfer between shareholders' equity accounts, and e) effects from recognition of fair value.

Structure of the statement of cash flows
Entities must classify and present cash flows, according to their nature, in operating, investing, and financing activities, attending to their economic substance and not to the form used to carry them out. The structure of the statement of cash flows must include, as a minimum, the following items:
operating activities; investing activities; financing activities; net increase or decrease in cash and cash equivalents; effects from changes in the value of cash and cash equivalents; cash and cash equivalents at the beginning of the period, and cash and cash equivalents at the end of the period.

Operating activities
Cash flows from operating activities are an indicator of the extent to which these activities have generated sufficient liquid funds to maintain the operating capacity of the entity, to make new investments without resorting to external sources of financing and, where applicable, to pay financing and dividends. Because the cash flows related to these activities are those derived from the operations that constitute the main source of income of the entity, in this section activities that intervene in the determination of its net result are included, excepting those that are associated either with investing or financing activities. Some examples of cash flows from operating activities are:
a) Payments for the acquisition of investments in financial instruments (securities). b) Payments of premiums for the acquisition of options. c) Collections of premiums for the sale of options. d) Cash and cash outflows for debtors by repo. e) Cash and cash outflows from accounts receivable. f) Cash and cash inflows from securities liabilities. g) Cash and cash outflows from securities liabilities. h) Cash and cash inflows from the purchase and sale of virtual assets. i) Cash and cash outflows from the purchase and sale of virtual assets. j) Cash and cash inflows from collateral sold or given as guarantee. k) Collections of income for interest referred to in criterion D-2 Statement of Comprehensive Income, as well as its main associate, which come from, among others, the following concepts:

• cash and cash equivalents (with the exception of the gain or loss in changes coming from this concept);
• margin accounts (financial derivatives);
• investments in financial instruments, and
• debtors by repo.

146 OFFICIAL GAZETTE Friday January 20, 2023

l) Payments of expenses for interest referred to in criterion D-2, as well as its main associate, which come from, among others, the following concepts:

• securities liabilities;
• bank loans and from other organizations, and
• financial instruments that qualify as liability.
  m) Collections and payments, as appropriate, of commissions and fees generated by:
• loans received;
• debt placement, and
• provision of services (fund transfer, custody or administration of resources, among others).
  n) Collections and payments from the purchase and sale of foreign exchange, investments in financial instruments, and financial derivatives. o) Collections and payments from securitization operations. p) Collections and payments related to financial derivatives for trading purposes. q) Collections and payments associated with hedging financial derivatives of covered items that are classified as operating activities. r) Payments for direct benefits to employees, fees, rents, promotion and advertising expenses, among other administrative expenses. s) Payments of income tax. t) Refunds of income tax.

Income tax
Cash flows related to income tax must be presented in a separate item within the classification of operating activities, unless it is practical to relate them to investing or financing activities, as is the case of the tax derived from discontinued operations, which is related to investing activities.

Investing activities
Cash flows related to investing activities represent the extent to which entities have allocated resources to items that will generate income and cash flows in the medium and long term. Cash flows from investing activities are, for example, the following:
a) Payments for long-term financial instruments. b) Collections from long-term financial instruments. c) Payments for the acquisition of properties, furniture, and equipment. d) Collections from the disposal of properties, furniture, and equipment. e) Payments for discontinued operations. f) Collections from discontinued operations. g) Payments for the acquisition of intangible assets. h) Collections from the disposal of intangible assets. i) Collections associated with hedging financial derivatives of covered items that are classified as investing activities. j) Payments associated with hedging financial derivatives of covered items that are classified as investing activities.

Financing activities
Cash flows generated by financing activities show the entity's capacity to restore to its owners and creditors, the resources they allocated to the entity at the time and, where applicable, to pay them returns. Cash flows from financing activities are, for example, the following:
a) Collections from obtaining bank loans and from other organizations. b) Payments of bank loans and from other organizations. c) Cash and cash inflows from the issuance or generation of shares of the entity itself, net of the related issuance expenses.

Friday January 20, 2023 OFFICIAL GAZETTE 147 d) Cash and cash outflows to owners for repayments of social capital, dividends, or associated with the repurchase of own shares. e) Collections from the issuance of financial instruments that qualify as capital. f) Payments associated with financial instruments that qualify as capital. g) Collections from the issuance of financial instruments that qualify as liability. h) Payments associated with financial instruments that qualify as liability.

Net increase or decrease in cash and cash equivalents After classifying cash flows in operating activities, investing activities, and financing activities, the net cash flows of these three sections must be presented.

Effects from changes in the value of cash and cash equivalents Entities must present in a separate line item, as applicable, the following:
a) the effects from conversion referred to in paragraph 39, which arise from having used different exchange rates for the conversion of the initial balance, the final balance, and the cash and cash equivalents flows, of a foreign operation; b) the effects from gain or loss in changes of cash and cash equivalents referred to in paragraph 42, which includes the difference generated by the conversion of the initial balance of cash and cash equivalents to the closing day exchange rate of the previous period, published by the Bank of Mexico on its Internet page, www.banxico.org.mx, or the one that replaces it, and of the final balance of cash and cash equivalents to the closing day exchange rate of the current period, published by the Bank of Mexico on the aforementioned Internet page; c) the effects on the balances of cash and cash equivalents from changes in their value resulting from fluctuations in the exchange rate and in their fair value, and d) the effects from inflation associated with the balances and the cash and cash equivalents flows of any of the entities that make up the consolidated economic entity and that are in an inflationary economic environment. The effects referred to in the previous paragraph must be presented in the statement of cash flows in a segregated manner to allow adequate reconciliation between the cash balance at the beginning and at the end of the period.

Cash and cash equivalents at the beginning of the period Entities must present a separate item named Cash and cash equivalents at the beginning of the period, which corresponds to the balance of cash and cash equivalents presented in the statement of financial position at the end of the previous period (including restricted cash and cash equivalents), in order to reconcile it with the balance of cash and cash equivalents at the end of the current period.

Cash and cash equivalents at the end of the period Entities must present a separate item named Cash and cash equivalents at the end of the period, which must be determined by the algebraic sum of the items: Net increase in cash and cash equivalents or Net decrease in cash and cash equivalents, Effects from changes in the value of cash and cash equivalents, and Cash and cash equivalents at the beginning of the period. This sum must correspond to the balance of cash and cash equivalents presented in the statement of financial position at the end of the period.

Additional considerations
Financial derivatives with hedging purposes
When a financial derivative is held for hedging purposes, the cash flows of said instrument must be classified in the same way as the cash flows associated with the covered item.

Dividends
Cash outflows for dividends paid must be presented in financing activities because they represent the remuneration to the owners of an entity for the resources obtained from their part.

Procedure for preparing the statement of cash flows To determine and present the cash flows from operating activities, the entity must apply the indirect method, through which the result before income tax is increased or decreased; said amount is adjusted by the effects of operations of previous periods collected or paid in the current period and; by operations of the current period of deferred collection or payment to the future; likewise, it is adjusted by operations that are associated with investing or financing activities.

148 OFFICIAL GAZETTE Friday, January 20, 2023

Cash flows related to operating activities must be determined by increasing or decreasing the income before taxes by the effects of:
a) items considered associated with:
i. investing activities, for example, depreciation and gain or loss on the sale of property, plant and equipment, amortization of intangible assets, as well as impairment loss on long-term assets;
ii. financing activities, for example, interest associated with bank loans and from other entities and interest associated with financial instruments that qualify as equity.
b) Changes that occur during the period in the items that form part of the entity's working capital; that is, those that occur in the balances of the operating items in the statement of financial position of the entities during the period, such as those indicated in paragraph 20.

Investing and Financing Activities

Entities must determine and present separately, after the operating activities item, the cash flows derived from the main concepts of gross receipts and payments related to investing and financing activities, that is, receipts and payments must not be offset against each other.

Conversion of balances or cash flows in foreign currency

In the conversion of the statement of cash flows from the functional currency to the reporting currency of a foreign operation that is in a non-inflationary economic environment, entities must comply with the following:
a) cash flows of the period must be converted at the historical closing exchange rate on the date each flow in question was generated, which will be the one published by the Bank of Mexico on its Internet website, www.banxico.org.mx, or the one that replaces it; b) the initial balance of cash and cash equivalents must be converted at the closing exchange rate on the date of the end of the previous period, published by the Bank of Mexico on the aforementioned website, and c) the final balance of cash and cash equivalents must be converted at the closing exchange rate on the date of the end of the current period, published by the Bank of Mexico on the aforementioned website.

In the conversion of the statement of cash flows from the functional currency to the reporting currency of a foreign operation that is in an inflationary economic environment, entities must comply with the following:
a) cash flows of the period must be converted at the closing exchange rate on the date of the end of the current period, published by the Bank of Mexico on its Internet website, www.banxico.org.mx, or the one that replaces it; b) the initial balance of cash and cash equivalents must be converted at the closing exchange rate on the date of the end of the current period, published by the Bank of Mexico on the aforementioned website, and c) the final balance of cash and cash equivalents must be converted at the closing exchange rate on the date of the end of the current period, published by the Bank of Mexico on the aforementioned website.

For the conversion of cash flows of the period, for practical reasons, a representative exchange rate of the conditions existing on the dates when the cash flows were generated may be used, such as the weighted average exchange rate of the period; notwithstanding the foregoing, when exchange rates have varied significantly during the period, such exchange rate must not be used.

The effect arising from conversion due to having used different exchange rates for the conversion of the initial balance, the final balance, and the cash flows must be presented in the item called Effects from changes in the value of cash and cash equivalents, referred to in paragraph 27. This effect must correspond to what would have been obtained if both the initial balance of cash and the cash flows of the period were converted at the closing exchange rate used to convert the final balance of cash and cash equivalents.

Conversion of balances or cash flows in foreign currency

In order to determine the changes in the balances of operating items in foreign currency of operating activities, these must be converted at the closing exchange rate published by the Bank of Mexico on its Internet website, www.banxico.org.mx, or the one that replaces it, on the closing date.

Friday, January 20, 2023 OFFICIAL GAZETTE 149

Cash flows from foreign currency transactions related to investing and financing activities will be converted to the entity's reporting currency by applying to the amount in foreign currency the closing exchange rate on the date each flow occurred, which will be the one published by the Bank of Mexico on the aforementioned Internet website.

Gains or losses arising from variations in the exchange rate are not cash flows. However, the effect of variations in the exchange rate of cash and cash equivalents held or payable in foreign currency is presented in the statement of cash flows in order to reconcile cash and cash equivalents at the beginning and end of the period. Such effect must be presented separately from the operating, investing, and financing activities items, within the item called Effects from changes in the value of cash and cash equivalents, referred to in paragraph 27, which includes the differences, if any, of having presented the cash flows at the closing exchange rate of the current period.

Effects of Inflation

When, in terms of what is established in NIF B-10 Effects of Inflation, the economic environment corresponds to a non-inflationary environment, entities must present their statement of cash flows expressed in nominal values, whereas if said economic environment is inflationary, entities must present their statement of cash flows expressed in monetary units of purchasing power at the date of the end of the current period.

In cases where the economic environment of the entities is inflationary, as part of the operations that did not affect cash flows, the effects of inflation recognized in the period within the financial statements must be excluded, in order to determine a statement of cash flows at nominal values. Such cash flows must be presented expressed in monetary units of purchasing power at the date of the end of the current period.

When the environment of the entities has changed from non-inflationary to inflationary, the cash flow statements of previous periods must be presented expressed in monetary units of purchasing power of the date of the end of the current period.

In cases where the economic environment of the entities has changed from inflationary to non-inflationary, the cash flow statements of previous periods must be presented expressed in the monetary units of purchasing power of the last cash flow statement presented within an inflationary environment and included in said comparative presentation.

Disclosure Standards

The following must be disclosed in notes to the financial statements:
a) when cash flows related to income taxes have been segregated into the different groups of activities within the statement of cash flows, the total flows for said taxes must be disclosed; b) the amount of unused loans that may be available for operating activities or for the payment of investing or financing operations, indicating restrictions on the use of funds from said loans; c) relevant investing and financing operations that have not required the use of cash or cash equivalents. For example, the acquisition of property, plant and equipment through financing; d) the total amount of cash flows that represent surpluses for future investments or for payments of financing or returns to owners, as well as those increases in operating capacity, separated from the cash flows that are essentially required to maintain the entity's operating capacity, and e) relevant changes, whether or not they required the use of cash or cash equivalents, in liabilities considered as part of financing activities, preferably, a reconciliation of the initial and final balances of said items should be made. An entity must disclose regarding liabilities from financing activities, the following:
i. changes in cash flows;
ii. the effect of changes due to exchange rate fluctuations;
iii. changes in associated financial assets, whose cash flows must be presented as part of financing activities; such as, changes in financial assets used as a hedge for financial liabilities, and
iv. Other relevant changes.

150 OFFICIAL GAZETTE Friday, January 20, 2023

NAME OF THE ELECTRONIC PAYMENT FUNDS INSTITUTION ADDRESS STATEMENT OF CASH FLOWS FROM __ OF __________ TO __ OF __________ OF ____ EXPRESSED IN MONETARY UNITS OF PURCHASING POWER OF ________ OF _______ (1) (Amounts in thousands of pesos)

Operating Activities
Income before income taxes $
Adjustments for items associated with investing activities:
Depreciation of property, plant and equipment " Amortization of intangible assets " Losses or reversal of losses on impairment of long-term assets " Other adjustments for items associated with investing activities " Discontinued operations " Long-term assets held for sale or for distribution to owners " " Adjustments for items associated with financing activities Interest associated with bank loans and from other entities " Interest associated with financial instruments that qualify as liability Interest associated with financial instruments that qualify as equity " Other interest Total Changes in operating items Changes in bank loans and from other entities " Change in margin accounts (derivative financial instruments) " Change in investments in financial instruments (securities) (net) " Change in repo debtors (net) " Change in derivative financial instruments (asset) " Change in benefits to be received in securitization operations " Change in virtual assets " Change in accounts receivable (net) " Change in other operating assets (net) " Change in bond liabilities " Change in collateral sold or pledged " Change in derivative financial instruments (liability) " Change in obligations in securitization operations " Change in other operating liabilities " Change in hedging derivative financial instruments (of covered items related to operating activities) " Change in assets/liabilities for employee benefits " Change in other accounts payable " Change in other provisions " Refunds of income taxes " Payments of income taxes "

Friday, January 20, 2023 OFFICIAL GAZETTE 151

Net cash flows from operating activities
Investing Activities
Payments for long-term financial instruments
Receipts from long-term financial instruments " Payments for acquisition of property, plant and equipment " Receipts from disposal of property, plant and equipment " Payments for discontinued operations " Receipts from discontinued operations " Payments for acquisition of intangible assets " Receipts from disposal of intangible assets " Receipts associated with hedging derivative financial instruments (of covered items related to investing activities) " Payments associated with hedging derivative financial instruments (of covered items related to investing activities) " Other receipts from investing activities " Other payments from investing activities " Net cash flows from investing activities " Financing Activities Receipts from obtaining bank loans and from other entities " Payments of bank loans and from other entities " Payments of lease liability " Receipts from issuance of shares " Payments for capital repayments " Receipts from issuance of financial instruments that qualify as equity " Payments associated with financial instruments that qualify as equity " Cash dividend payments " Payments associated with repurchase of own shares " Receipts from issuance of financial instruments that qualify as liability " Payments associated with financial instruments that qualify as liability " Payments for interest on lease liability " Receipts associated with hedging derivative financial instruments (of covered items related to financing activities) " Payments associated with hedging derivative financial instruments (of covered items related to financing activities) " Other receipts from financing activities Other payments from financing activities Net cash flows from financing activities " Net increase or decrease in cash and cash equivalents " Effects from changes in the value of cash and cash equivalents " Cash and cash equivalents at the beginning of the period " Cash and cash equivalents at the end of the period $ The concepts appearing in this statement are shown in an enumerative but not exhaustive manner. (1) This line will be omitted if the economic environment is "non-inflationary."

152 OFFICIAL GAZETTE Friday, January 20, 2023

ANNEX 18
REGULATORY REPORTS OF COLLECTIVE FINANCING INSTITUTIONS (CFI) Frequency Series R01 Minimum Catalog A-0112 Minimum Catalog Monthly Series R08 Bank loans and from other entities D-0842 Disaggregated of loans obtained Monthly Series R10 Reclassifications A-10112 Reclassifications in the statement of financial position Monthly A-10122 Reclassifications in the statement of comprehensive income Monthly Series R12 Consolidation A-12192 Consolidation of the statement of financial position of the collective financing institution with its subsidiaries Monthly A-12202 Consolidation of the statement of comprehensive income of the collective financing institution with its subsidiaries Monthly Series R13 Financial Statements A-13112 Statement of changes in equity Quarterly A-13162 Statement of cash flows Quarterly B-13212 Statement of financial position Monthly B-13222 Statement of comprehensive income Monthly Series R27 Claims A-2702 Claims Quarterly

Friday, January 20, 2023 OFFICIAL GAZETTE 153

SERIES R01 MINIMUM CATALOG
This series is integrated by one (1) report, whose frequency of preparation and presentation must be monthly.
REPORT
A-0112 Minimum Catalog
In this report, the balances at the end of the period of all concepts that form part of the statement of financial position (including off-balance sheet accounts) and the statement of comprehensive income of the Collective Financing Institution are requested. The report is requested in two subtotals:
National currency, UMA and UDIS valued
Foreign currency valued in pesos.
For the completion of report A-0112, the following aspects must be taken into consideration:
The report must present the balances of the Collective Financing Institution without consolidation.
The balances of all concepts presented in series R01 Minimum catalog, must be consistent with those reported in the regulatory reports that are applicable. For the case of the minimum catalog concepts denominated in national currency, UMA and UDIS valued in pesos, these concepts must coincide with the sum of the concepts provided in the regulatory reports in national currency, UMA and UDIS valued in pesos; while the concepts denominated in foreign currency valued in pesos must coincide with the concepts provided in the other regulatory reports in foreign currency valued in pesos. The data referring to balances must be presented in national currency, foreign currency, UMA and UDIS valued in pesos and foreign currency valued in pesos using the exchange rate indicated in the current accounting criteria. Such balances must be presented in pesos, with four decimals and without commas. For example: $20,585.7000 would be 20585.7000 CAPTURE FORMAT Collective Financing Institutions will carry out the submission of the information related to the report A-0112 Minimum Catalog described above, by using the following capture format:
REQUESTED INFORMATION
SECTION REPORT IDENTIFIER
PERIOD START
PERIOD END
INSTITUTION KEY
REPORT
SECTION FINANCIAL
INFORMATION
CONCEPT
CURRENCY
DATA
Collective Financing Institutions will report the information indicated in this series, which must comply with the validations and quality standards indicated by the National Banking and Securities Commission (Commission), adjusted to the characteristics and specifications. Once the validations and quality standards are met, the SITI will generate an electronic receipt. The information must be sent only once and will be received assuming it meets all characteristics and specifications, in virtue of which it cannot be modified and must present consistency with the different reports in which the same information is included with a different level of integration, therefore, if it does not meet the required quality and characteristics or has been presented incompletely, it will be considered as non-compliance with the obligation of its presentation and, consequently, the corresponding sanctions will be imposed in accordance with the legal provisions that are applicable.

154 OFFICIAL GAZETTE Friday, January 20, 2023

Collective Financing Institutions
Series R01 Minimum Catalog
Report A-0112 Minimum Catalog
Includes amounts in national currency, foreign currency, UMA and UDIS valued in pesos Amounts in pesos Concept National currency, UMA and UDIS valued Foreign currency valued OFF-BALANCE SHEET ACCOUNTS Operations on behalf of clients Clients current accounts Applicants deposits Debt Equity Co-ownership or royalties Investors deposits Other current accounts Custody operations Client virtual assets Client financial instruments received in custody Other custody operations Administration operations Client virtual assets Client financial instruments received in administration Debt Equity Co-ownership or royalties Collateral received as guarantee on behalf of applicants Collateral delivered as guarantee on behalf of clients In derivative financial instruments Government debt Bank debt Other debt securities Equity financial instruments Others Other collateral delivered as guarantee for other operations on behalf of clients Operations for purchase of financial instruments Derivatives Of futures and forward contracts of clients (notional amount) Of options Of swaps Of packages of client derivative financial instruments Others Operations for sale of financial instruments Derivatives Of futures and forward contracts of clients (notional amount) Of options Of swaps Of packages of client derivative financial instruments Others Goods in mandate Other administration operations Operations on own account Contingent assets and liabilities Collateral received by the entity Cash administered in trust Government debt

155 OFFICIAL GAZETTE Friday, January 20, 2023

Collective Financing Institutions
Series R01 Minimum Catalog
Report A-0112 Minimum Catalog
Includes amounts in national currency, foreign currency, UMA and UDIS valued in pesos Amounts in pesos Concept National currency, UMA and UDIS valued Foreign currency valued Bank debt Other debt securities Equity financial instruments Others Collateral received and sold or delivered as guarantee by the entity Government debt Bank debt Other debt securities Equity financial instruments Others Other registration accounts ASSET Cash and cash equivalents Cash Banks Deposits in financial entities Currencies to be delivered Immediate collection documents High liquidity financial instruments Restricted or pledged cash and cash equivalents Currencies to be received Cash administered in trust Others Others Margin accounts (derivative financial instruments) Cash Investments in financial instruments Other assets Investments in financial instruments Negotiable financial instruments Negotiable financial instruments without restriction Government debt In position To be delivered Bank debt In position To be delivered Other debt securities In position To be delivered Equity financial instruments In position To be delivered Restricted or pledged negotiable financial instruments Government debt In position To be received Bank debt In position To be received

156 OFFICIAL GAZETTE Friday, January 20, 2023

Collective Financing Institutions
Series R01 Minimum Catalog
Report A-0112 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos

Concept
National currency, UMA and UDIS valued
Foreign currency valued

Other debt securities
In position
To receive

Capital financial instruments
In position
To receive

Financial instruments to collect or sell
Financial instruments to collect or sell without restriction Government debt In position To deliver

Bank debt
In position
To deliver

Other debt securities
In position
To deliver

Financial instruments to collect or sell restricted or pledged Government debt In position To receive

Bank debt
In position
To receive

Other debt securities
In position
To receive

Financial instruments to collect principal and interest (bonds) Financial instruments to collect principal and interest without restriction Government debt In position To deliver

Bank debt
In position
To deliver

Other debt securities
In position
To deliver

Financial instruments to collect principal and interest restricted or pledged Government debt In position To receive

Bank debt
In position
To receive

Other debt securities
In position
To receive

Friday, January 20, 2023 OFFICIAL GAZETTE 157

Collective Financing Institutions
Series R01 Minimum Catalog
Report A-0112 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos

Concept
National currency, UMA and UDIS valued
Foreign currency valued

Estimation of expected credit losses for investments in financial instruments to collect principal and interest (bonds) Financial instruments to collect principal and interest without restriction Government debt In position To deliver

Bank debt
In position
To deliver

Other debt securities
In position
To deliver

Financial instruments to collect principal and interest restricted or pledged Government debt In position To receive

Bank debt
In position
To receive

Other debt securities
In position
To receive

Repo debtors
Financial derivative instruments
For trading purposes
Futures to receive
Forward contracts to receive
Valuation
Credit risk adjustment
Options
Valuation
Credit risk adjustment
Swaps
Valuation
Credit risk adjustment
Structured operations
Valuation
Credit risk adjustment
Packages of financial derivative instruments
Valuation
Credit risk adjustment
Credit risk adjustment by counterparty
For hedging purposes
Futures to receive
Valuation
Valuation of the hedged item
Forward contracts to receive
Valuation
Valuation of the hedged item
Credit risk adjustment

158 OFFICIAL GAZETTE Friday, January 20, 2023

Collective Financing Institutions
Series R01 Minimum Catalog
Report A-0112 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos

Concept
National currency, UMA and UDIS valued
Foreign currency valued

Options
Valuation
Valuation of the hedged item
Credit risk adjustment
Swaps
Valuation
Valuation of the hedged item
Credit risk adjustment
Structured operations
Valuation
Valuation of the hedged item
Credit risk adjustment
Packages of financial derivative instruments
Valuation
Valuation of the hedged item
Credit risk adjustment
Credit risk adjustment by counterparty
Valuation adjustments for financial asset hedging Virtual assets Restricted virtual assets Unrestricted virtual assets Benefits to receive in securitization operations Benefits on the remainder in securitization operations Asset for administration of transferred financial assets Accounts receivable Debtors for settlement of operations Foreign exchange sales and purchases Investments in financial instruments Repos Financial derivative instruments By issuance of securities Virtual assets Debtors for margin accounts Debtors for cash collateral granted Operations with financial instruments Operations not carried out in recognized markets (OTC) Others Various debtors Premiums, commissions and rights to receive Clients Loans and other debts of personnel Overdue debts Other debtors Taxes to recover Dividends to receive from capital financial instruments Conditional accounts receivable Other accounts receivable Estimation of expected credit losses Various debtors Conditional accounts receivable Other accounts receivable

Friday, January 20, 2023 OFFICIAL GAZETTE 159

Collective Financing Institutions
Series R01 Minimum Catalog
Report A-0112 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos

Concept
National currency, UMA and UDIS valued
Foreign currency valued

Long-term assets held for sale or for distribution to owners Subsidiaries Belonging to the financial sector Not belonging to the financial sector Associates Belonging to the financial sector Not belonging to the financial sector Joint ventures Belonging to the financial sector Not belonging to the financial sector Other permanent investments Belonging to the financial sector Not belonging to the financial sector Others Belonging to the financial sector Not belonging to the financial sector Assets related to discontinued operations Prepayments and other assets Deferred charges Insurance to amortize Other deferred charges Prepayments Interest paid in advance Commissions paid in advance Advances or provisional payments of taxes Rent paid in advance Other prepayments Security deposits Employee benefits assets Plan assets to cover employee benefits Long-term direct benefits Post-employment benefits Pensions Seniority premium Other post-employment benefits Deferred employee participation in profits (in favor) Estimation for non-recoverable deferred PTU Other short and long-term assets Properties, furniture and equipment Properties, furniture and equipment Land Buildings Buildings under construction Transport equipment Computer equipment Furniture Adaptations and improvements Other properties, furniture and equipment

160 OFFICIAL GAZETTE Friday, January 20, 2023

Collective Financing Institutions
Series R01 Minimum Catalog
Report A-0112 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos

Concept
National currency, UMA and UDIS valued
Foreign currency valued

Revaluation of properties, furniture and equipment (1) Land Buildings Buildings under construction Transport equipment Computer equipment Furniture Adaptations and improvements Other revaluations of properties, furniture and equipment Accumulated depreciation of properties, furniture and equipment Accumulated depreciation of properties, furniture and equipment Buildings Transport equipment Computer equipment Furniture Adaptations and improvements Other accumulated depreciations of properties, furniture and equipment Revaluation of accumulated depreciation of properties, furniture and equipment (1) Buildings Transport equipment Computer equipment Furniture Adaptations and improvements Other revaluations of accumulated depreciation of properties, furniture and equipment Assets for use rights of properties, furniture and equipment Land Buildings Transport equipment Computer equipment Furniture Other properties, furniture and equipment Depreciation of assets for use rights of properties, furniture and equipment Land Buildings Transport equipment Computer equipment Furniture Other properties, furniture and equipment Permanent investments Subsidiaries Belonging to the financial sector Not belonging to the financial sector Associates Belonging to the financial sector Not belonging to the financial sector Joint ventures Belonging to the financial sector Not belonging to the financial sector Other permanent investments Belonging to the financial sector Not belonging to the financial sector

Friday, January 20, 2023 OFFICIAL GAZETTE 161

Collective Financing Institutions
Series R01 Minimum Catalog
Report A-0112 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos

Concept
National currency, UMA and UDIS valued
Foreign currency valued

Deferred income tax assets
Deferred income taxes (in favor)
Temporary differences
Tax losses
Tax credits
Estimation for non-recoverable deferred income taxes Temporary differences Tax losses Tax credits Intangible assets Intangible assets Revaluation of intangible assets (1) Accumulated amortization of intangible assets Accumulated amortization of intangible assets Revaluation of accumulated amortization of intangible assets (1) Assets for use rights of intangible assets Amortization of assets for use rights of intangible assets Goodwill Goodwill From subsidiaries From associates From joint ventures Revaluation of goodwill (1) From subsidiaries From associates From joint ventures LIABILITY Stock exchange liabilities Stock exchange certificates Nominal value and interest Transaction costs Premium or discount for placement Others Nominal value and interest Transaction costs Premium or discount for placement Bank loans and from other organisms Short-term Loans from multiple banking institutions Loans from foreign banks Loans from development banking institutions Loans from other organisms Long-term Loans from multiple banking institutions Loans from foreign banks Loans from development banking institutions Loans from other organisms

162 OFFICIAL GAZETTE Friday, January 20, 2023

Collective Financing Institutions
Series R01 Minimum Catalog
Report A-0112 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos

Concept
National currency, UMA and UDIS valued
Foreign currency valued

Obligation to return deposits of clients invested in repo Collaterals sold or pledged Repos Obligation of the repo-taker to return collateral to the repo-giver Collaterals sold Government debt Bank debt Other debt securities Collaterals pledged Financial derivative instruments Collaterals sold Government debt Bank debt Other debt securities Capital financial instruments Others Other collaterals sold Financial derivative instruments For trading purposes Futures to deliver Forward contracts to deliver Valuation Credit risk adjustment Options Valuation Credit risk adjustment Swaps Valuation Credit risk adjustment Structured operations Valuation Credit risk adjustment Packages of financial derivative instruments Valuation Credit risk adjustment Credit risk adjustment by counterparty For hedging purposes Futures to deliver Valuation Valuation of the hedged item Forward contracts to deliver Valuation Valuation of the hedged item Credit risk adjustment Options Valuation Valuation of the hedged item Credit risk adjustment Swaps Valuation Valuation of the hedged item Credit risk adjustment

Friday, January 20, 2023 OFFICIAL GAZETTE 163

Collective Financing Institutions
Series R01 Minimum Catalog
Report A-0112 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos

Concept
National currency, UMA and UDIS valued
Foreign currency valued

Structured operations
Valuation
Valuation of the hedged item
Credit risk adjustment
Packages of financial derivative instruments
Valuation
Valuation of the hedged position
Credit risk adjustment
Credit risk adjustment by counterparty
Valuation adjustments for financial liability hedging Obligations in securitization operations Liability for administration of transferred financial assets Lease liability Other accounts payable Creditors for settlement of operations Foreign exchange sales and purchases Investments in financial instruments Repos Financial derivative instruments Virtual assets Creditors for margin accounts Creditors for cash collateral received Operations with financial instruments Operations not carried out in recognized markets (OTC) Others Contributions to pay Value added tax Other taxes and rights to pay Taxes and social security contributions withheld to remit Various creditors and other accounts payable Commissions to pay on ongoing operations Creditors for acquisition of assets Dividends to pay Creditors for maintenance service Provisions for various obligations Fees and rents Promotion and advertising expenses Technology expenses Other provisions Other various creditors Liabilities related to groups of assets held for sale Liabilities related to discontinued operations Financial instruments that qualify as liability Subordinated obligations in circulation Of mandatory conversion Nominal value and interest Transaction costs Premium or discount for placement

164 OFFICIAL GAZETTE Friday, January 20, 2023

Collective Financing Institutions
Series R01 Minimum Catalog
Report A-0112 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos

Concept
National currency, UMA and UDIS valued
Foreign currency valued

Of conversion by holder's decision
Nominal value and interest
Transaction costs
Premium or discount for placement
Of conversion by issuer's decision
Nominal value and interest
Transaction costs
Premium or discount for placement
Non-convertible
Nominal value and interest
Transaction costs
Premium or discount for placement
Contributions for future capital increases pending formalization by its shareholders' assembly Others Obligations associated with the removal of components of properties, furniture and equipment Income tax liability Taxes incurred Income taxes (provision) Income taxes (adjustment for definitive tax) Deferred taxes Temporary differences Employee benefits liability Short-term direct benefits Long-term direct benefits Post-employment benefits Pensions Seniority premium Other post-employment benefits Termination benefits Termination benefits for reasons other than restructuring Termination benefits due to restructuring Employee participation in profits incurred Deferred employee participation in profits Deferred credits and advance collections Deferred credits Other income to apply Other deferred credits Advance collections Interest collected in advance Commissions collected in advance Advance collections of goods promised for sale or with reservation of ownership Other advance collections OWN EQUITY Contributed capital Social capital Unpaid social capital Increase by updating paid social capital (1) Contributions for future capital increases formalized by its shareholders' assembly Increase by updating contributions for future capital increases formalized by its shareholders' assembly (1)

Friday, January 20, 2023 OFFICIAL GAZETTE 165

Collective Financing Institutions
Series R01 Minimum Catalog
Report A-0112 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos

Concept
National currency, UMA and UDIS valued
Foreign currency valued

Share premium
Increase by updating share premium (1)
Financial instruments that qualify as capital
Increase by updating financial instruments that qualify as capital (1) Earned capital Capital reserves Legal reserve Other reserves Increase by updating capital reserves (1) Accumulated results Result of prior periods Result to apply Result from accounting changes and error corrections Increase by updating result of prior periods (1) Other comprehensive income Valuation of financial instruments to collect or sell Valuation Effect of income taxes and deferred PTU Estimation for non-recoverable income taxes and deferred PTU Increase by updating valuation of financial instruments to collect or sell (1) Valuation of financial derivative instruments for cash flow hedging Valuation Effect of income taxes and deferred PTU Estimation for non-recoverable income taxes and deferred PTU Increase by updating valuation of financial derivative instruments for cash flow hedging (1) Income and expenses related to assets held for disposal Result Effect of income taxes and deferred PTU Estimation for non-recoverable income taxes and deferred PTU Increase by updating income and expenses related to assets held for disposal (1) Remeasurement of defined employee benefits Actuarial results in obligations Valuation Effect of income taxes and deferred PTU Estimation for non-recoverable income taxes and deferred PTU Result in the return of plan assets Valuation Effect of income taxes and deferred PTU Estimation for non-recoverable income taxes and deferred PTU Increase by updating remeasurement of defined employee benefits (1) Accumulated effect by conversion Valuation Effect of income taxes and deferred PTU Estimation for non-recoverable income taxes and deferred PTU Increase by updating accumulated effect by conversion (1) Participation in OCI of other entities Valuation Effect of income taxes and deferred PTU Estimation for non-recoverable income taxes and deferred PTU Increase by updating participation in OCI of other entities (1)

166 OFFICIAL GAZETTE Friday, January 20, 2023

Collective Financing Institutions
Series R01 Minimum Catalog
Report A-0112 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos

Concept
National currency, UMA and UDIS valued
Foreign currency valued

Commissions collected
Account opening commission
Borne by the applicant
Borne by the investor
Administration commission
Borne by the applicant
Borne by the investor
Custody commission
Borne by the applicant
Borne by the investor
Sales and purchases of financial instruments
Sales and purchases of virtual assets
Other commissions collected
Increase by updating commissions collected (1) Commissions paid Loans received Debt placement Sales and purchases of virtual assets Fund transfer Other commissions paid Increase by updating commissions paid (1) Interest income Interest on cash and cash equivalents Banks Own resources Client resources High liquidity financial instruments Restricted or pledged cash and cash equivalents Interest and yields in favor from margin accounts Cash Financial instruments Other assets Interest and yields in favor from investments in financial instruments By negotiable financial instruments By financial instruments to collect or sell By financial instruments to collect principal and interest (bonds) Interest and yields in favor from collaterals in OTC operations Cash Financial instruments Other assets Interest and yields in favor in repo operations Income from trading financial derivative instruments Income from hedging operations Premiums for debt placement Stock exchange liabilities Financial instruments that qualify as liability

Friday, January 20, 2023 OFFICIAL GAZETTE 167

Financial Crowdfunding Institutions
Series R01 Minimum Catalog
Report A-0112 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos

Figures in pesos

Concept
National currency, UMA and UDIS valued
Foreign currency valued

Dividends from instruments qualifying as equity financial instruments Profit from revaluation Profit from revaluation changes Revaluation of indexed instruments Revaluation of UDIS items Revaluation of UMA items Increase due to update of interest income (1) Interest expenses Interest, transaction costs and discounts for issuance of financial instruments qualifying as liabilities Subordinated obligations Of forced conversion Of holder's decision conversion Of issuer's decision conversion Non-convertible Other issued securities Interest on bank loans and from other entities Interest and returns from collateral in OTC operations Premiums paid for early redemption of financial instruments qualifying as liabilities Expenses from trading financial derivative instruments Expenses from hedging operations Loss from revaluation Loss from revaluation changes Revaluation of indexed instruments Revaluation of UDIS items Revaluation of UMA items Interest on lease liabilities Increase due to update of interest expenses (1) Net monetary position result (financial margin) (1) Net monetary position result from positions generating financial margin (debtor balance) Net monetary position result from positions generating financial margin (creditor balance) Increase due to update of net monetary position result (financial margin) (1) Intermediation result Financial instrument fair value valuation result Negotiable financial instruments Financial derivatives for trading purposes Valuation Credit risk adjustment Financial derivatives for hedging purposes Valuation Credit risk adjustment Valuation of the hedged item Sold collateral Expected credit loss estimation for investments in financial instruments Financial instruments to collect or sell Financial instruments to collect principal and interest (bonds) Foreign currency valuation result Virtual asset valuation result

168 OFFICIAL GAZETTE Friday, January 20, 2023

Financial Crowdfunding Institutions
Series R01 Minimum Catalog
Report A-0112 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos

Figures in pesos

Concept
National currency, UMA and UDIS valued
Foreign currency valued

Result from sale and purchase of financial instruments and financial derivatives Negotiable financial instruments Financial instruments to collect or sell Financial instruments to collect principal and interest (bonds) Financial derivatives for trading purposes Financial derivatives for hedging purposes Result from sale and purchase of virtual assets Result from sale and purchase of foreign currencies Result from sale and purchase of received collateral Transaction costs For sale and purchase of negotiable financial instruments For sale and purchase of financial derivatives For virtual assets Other financial results Increase due to update of intermediation result (1) Other operating income (expenses) Costs and expenses incurred in collection management Commissions in collection management Recoveries Taxes Excess in benefits to receive in securitization operations Other recoveries Impacts on expected credit loss estimation Losses Labor relations and job security Frauds Natural disasters and other events Business incidents and system failures Other losses Donations Loss in custody and administration of assets Loss from impairment or effect of reversal of impairment of other long-term assets held for sale Interest payable on financing for asset acquisition Result on sale of properties, furniture and equipment Cancellation of other liability accounts Interest receivable from loans to officials and employees Rental income Result from valuation of benefits to receive in securitization operations Result from valuation of asset for administration of transferred financial assets Result from valuation of liability for administration of transferred financial assets Result in benefits to receive in securitization operations Other items of operating income (expenses) Net monetary position result originated by items not related to financial margin (1) Result from revaluation of items not related to financial margin Increase due to update of other operating income (expenses) (1) Administration and promotion expenses Short-term direct benefits Workers' participation in profits Workers' participation in profits accrued Other short-term direct benefits

Friday, January 20, 2023 OFFICIAL GAZETTE 169

Financial Crowdfunding Institutions
Series R01 Minimum Catalog
Report A-0112 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos

Figures in pesos

Concept
National currency, UMA and UDIS valued
Foreign currency valued

Net cost of the period derived from long-term employee benefits Long-term direct benefits Deferred workers' participation in profits Estimation for non-recoverable deferred PTU Post-employment benefits Pensions Seniority premium Other post-employment benefits Termination benefits Termination benefits for reasons other than restructuring Termination benefits due to restructuring Fees Rents Insurance and bonds Promotion and advertising expenses Taxes and various duties Non-deductible expenses Technology expenses Depreciations Of the period For assets by right of use of properties, furniture and equipment Amortizations Of the period For assets by right of use of intangible assets Loss from impairment or effect of reversal of impairment of real estate and other assets in use CNBV inspection and surveillance fees Maintenance expenses Other administration and promotion expenses Increase due to update of administration and promotion expenses (1) Participation in net result of other entities Result of the exercise of unconsolidated subsidiaries, associates and joint ventures In unconsolidated subsidiaries Belonging to the financial sector Not belonging to the financial sector In associates Belonging to the financial sector Not belonging to the financial sector In joint ventures Belonging to the financial sector Not belonging to the financial sector Dividends from permanent investments Valuation of permanent investments available for sale Adjustments associated with other permanent investments Impairment or effect of reversal of impairment of permanent investments Increase due to update of participation in net result of other entities (1) Taxes on profit Taxes on profit accrued Deferred taxes on profit Temporary differences Tax losses Tax credits

170 OFFICIAL GAZETTE Friday, January 20, 2023

Financial Crowdfunding Institutions
Series R01 Minimum Catalog
Report A-0112 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos

Figures in pesos

Concept
National currency, UMA and UDIS valued
Foreign currency valued

Estimation for non-recoverable taxes on profit Temporary differences Tax losses Tax credits Increase due to update of taxes on profit (1) Discontinued operations Discontinued operations Increase due to update of discontinued operations (1) Other comprehensive income Valuation of financial instruments to collect or sell Period effect Valuation Effect of taxes on profit and deferred PTU Estimation for non-recoverable taxes on profit and deferred PTU Increase due to update of valuation of financial instruments to collect or sell (1) Valuation of financial derivatives hedging cash flows Period effect Valuation Effect of taxes on profit and deferred PTU Estimation for non-recoverable taxes on profit and deferred PTU Increase due to update of valuation of financial derivatives hedging cash flows (1) Income and expenses related to assets held for disposal Period effect Result Effect of taxes on profit and deferred PTU Estimation for non-recoverable taxes on profit and deferred PTU Increase due to update of Income and expenses related to assets held for disposal (1) Remeasurement of defined employee benefits Period effect Valuation Effect of taxes on profit and deferred PTU Estimation for non-recoverable taxes on profit and deferred PTU Increase due to update of remeasurement of defined employee benefits (1) Accumulated effect from conversion Period effect Valuation Effect of taxes on profit and deferred PTU Estimation for non-recoverable taxes on profit and deferred PTU Increase due to update of accumulated effect from conversion (1) Participation in OCI of other entities Period effect Valuation Effect of taxes on profit and deferred PTU Estimation for non-recoverable taxes on profit and deferred PTU Increase due to update of participation in OCI of other entities (1)

Financial Crowdfunding Institutions
(1) These concepts will be applicable under an inflationary economic environment based on what is established in Financial Information Standard B-10 Effects of Inflation, issued by the Mexican Council of Financial Information Standards, A.C.

Friday, January 20, 2023 OFFICIAL GAZETTE 171

SERIES R08 BANK LOANS AND FROM OTHER ENTITIES
This series is integrated by one (1) report, whose frequency of preparation and presentation must be monthly.

REPORT
D-0842 Disaggregated obtained loans
In this report, information is collected that allows knowing the details of the loans granted to Financial Crowdfunding Institutions, such as the credit contracting date, the maturity date, the operation amount, the agreed interest rate, the guarantees backing it, the lender identification, the commissions paid, among others, as well as the credit tracking information.

CAPTURE FORMAT
Financial Crowdfunding Institutions will carry out the sending of information related to report R08-D-0842 Disaggregated obtained loans, described above, by using the following capture format:

REQUESTED INFORMATION
REPORT IDENTIFIER SECTION
PERIOD START
PERIOD END
INSTITUTION KEY
LOAN IDENTIFIER SECTION
LOAN IDENTIFIER
LOAN STATUS
STATUS UPDATE DATE
LENDER IDENTIFICATION DATA SECTION
LENDER TYPE
NAME(S)/BUSINESS NAME OR DENOMINATION
PATERNAL SURNAMES
MATERNAL SURNAMES
COUNTRY OF ORIGIN
ACCOUNT DATA SECTION
IDENTIFIER OF THE ACCOUNT WHERE THE LOAN IS RECEIVED OPERATION DATA SECTION ACCOUNTING CLASSIFICATION (LOAN TYPE) CONTRACTING OR OPENING DATE MATURITY DATE PRINCIPAL PAYMENT PERIODICITY INTEREST PAYMENT PERIODICITY CURRENCY TYPE

172 OFFICIAL GAZETTE Friday, January 20, 2023

INITIAL LOAN AMOUNT IN ORIGIN CURRENCY
INITIAL LOAN AMOUNT VALUED IN NATIONAL CURRENCY EXCHANGE RATE INTEREST RATE TYPE VALUE OF THE ORIGINALLY AGREED RATE APPLICABLE INTEREST RATE VALUE IN THE PERIOD REFERENCE INTEREST RATE REFERENCE RATE ADJUSTMENT FREQUENCY OF RATE REVIEW AGREED COMMISSION AMOUNT CREDIT DISPOSITION TYPE DESTINATION OF RESOURCES LOAN TRACKING DATA SECTION OUTSTANDING BALANCE AT PERIOD START DUE CAPITAL DUE INTERESTS PRINCIPAL PAYMENTS INTERESTS PAID OTHER COMMISSIONS PAID ACCRUED UNPAID INTERESTS OUTSTANDING BALANCE AT PERIOD END PERCENTAGE OF CREDIT DISBURSED DATE OF LAST PAYMENT MADE DATE OF NEXT IMMEDIATE PAYMENT TOTAL AMOUNT OF NEXT IMMEDIATE PAYMENT LOAN GUARANTEES IDENTIFICATION DATA SECTION GUARANTEE TYPE INITIAL VALUE UPDATED VALUE VALUATION DATE

Financial Crowdfunding Institutions will report the information indicated in this series, which must comply with the validations and quality standards indicated by the National Banking and Securities Commission (Commission), adjusting to the characteristics and specifications. Once the validations and quality standards are met, the SITI will generate an electronic receipt acknowledgment. The information must be sent only once and will be received assuming it meets all characteristics and specifications, by virtue of which it cannot be modified and must present consistency with the various reports that include the same information at a different level of integration, therefore, if it does not meet the required quality and characteristics or has been presented incompletely, it will be considered as non-compliance with the presentation obligation and, consequently, the corresponding sanctions will be imposed in accordance with the applicable legal provisions.

Friday, January 20, 2023 OFFICIAL GAZETTE 173

SERIES R10 RECLASSIFICATIONS
This series is integrated by two (2) reports, whose frequency of preparation and presentation must be monthly.

REPORTS
A-10112 Reclassifications in the statement of financial position In this report, closing balances of the period for the concepts of regulatory report A-0112 Minimum Catalog are requested, as well as the respective movements for presentation and compensations according to accounting criteria carried out for the purpose of presenting the items of the Financial Crowdfunding Institution's statement of financial position without consolidation. A-10122 Reclassifications in the statement of comprehensive income In this report, closing balances of the period for the concepts of regulatory report A-0112 Minimum Catalog are requested, as well as the respective movements for presentation and compensations according to accounting criteria carried out for the purpose of presenting the items of the Financial Crowdfunding Institution's statement of comprehensive income without consolidation.

For the filling of reports A-10112 and A-10122, the following aspects must be considered:
The data referring to balances and amounts must be presented in national currency, foreign currency, UMA and UDIS valued in pesos and foreign currency valued in pesos using the exchange rate indicated in the current accounting criteria. Such amounts and balances must be presented in pesos, with four decimals, without commas. For example: $20,585.7000 would be 20585.7000.

CAPTURE FORMAT
Financial Crowdfunding Institutions will carry out the sending of information related to reports A-10112 Reclassifications in statement of financial position and A-10122 Reclassifications in the statement of comprehensive income, described above, by using the following capture format:

REQUESTED INFORMATION
REPORT IDENTIFIER SECTION
PERIOD START
PERIOD END
INSTITUTION KEY
FINANCIAL INFORMATION SECTION
CONCEPT
BALANCE TYPE
MOVEMENT TYPE
DATA

Financial Crowdfunding Institutions will report the information indicated in this series, which must comply with the validations and quality standards indicated by the National Banking and Securities Commission (Commission), adjusting to the characteristics and specifications. Once the validations and quality standards are met, the SITI will generate an electronic receipt acknowledgment. The information must be sent only once and will be received assuming it meets all characteristics and specifications, by virtue of which it cannot be modified and must present consistency with the various reports that include the same information at a different level of integration, therefore, if it does not meet the required quality and characteristics or has been presented incompletely, it will be considered as non-compliance with the presentation obligation and, consequently, the corresponding sanctions will be imposed in accordance with the applicable legal provisions.

Financial Crowdfunding Institutions
Series R10 Reclassifications
Report A-10112 Reclassifications in the statement of financial position Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos

Figures in pesos

Concept
Minimum catalog balance
Movements for presentation according to accounting criteria Compensations according to accounting criteria Unconsolidated statement of financial position (1) (2) (A) Debe Haber Debe Haber MN, UMA and UDIS ME Total (B)* = (A) + (1) + (2)

OFF-BALANCE SHEET ACCOUNTS
Operations on behalf of clients
Clients current accounts
Applicants deposits
Debt
Capital
Co-ownership or royalties
Investor deposits
Other current accounts
Custody operations
Client virtual assets
Client financial instruments received in custody Other custody operations Administration operations Client virtual assets Client financial instruments received in administration Debt Capital Co-ownership or royalties Collateral received as guarantee on behalf of applicants Collateral delivered as guarantee on behalf of clients In financial derivative instruments Government debt Bank debt Other debt securities Equity financial instruments Others Other collateral delivered as guarantee for other operations on behalf of clients

Financial Crowdfunding Institutions
Series R10 Reclassifications
Report A-10112 Reclassifications in the statement of financial position Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos

Figures in pesos

Concept
Minimum catalog balance
Movements for presentation according to accounting criteria Compensations according to accounting criteria Unconsolidated statement of financial position (1) (2) (A) Debe Haber Debe Haber MN, UMA and UDIS ME Total (B)* = (A) + (1) + (2)

Financial instrument purchase operations
Derivatives
From clients' futures and forward contracts (notional amount) From options From swaps From clients' financial derivative instrument packages Others Financial instrument sale operations Derivatives From clients' futures and forward contracts (notional amount) From options From swaps From clients' financial derivative instrument packages Others Mandate assets Other administration operations Operations on own account Contingent assets and liabilities Collateral received by the entity Cash administered in trust Government debt Bank debt Other debt securities Equity financial instruments Others Collateral received and sold or delivered as guarantee by the entity Government debt Bank debt Other debt securities Equity financial instruments Others Other registration accounts

Financial Crowdfunding Institutions
Series R10 Reclassifications
Report A-10112 Reclassifications in the statement of financial position Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos

Figures in pesos

Concept
Minimum catalog balance
Movements for presentation according to accounting criteria Compensations according to accounting criteria Unconsolidated statement of financial position (1) (2) (A) Debe Haber Debe Haber MN, UMA and UDIS ME Total (B)* = (A) + (1) + (2)

ASSET
Cash and cash equivalents
Cash
Banks
Deposits in financial entities
Foreign currencies to deliver
Immediate collection documents
High liquidity financial instruments
Restricted or pledged cash and cash equivalents Foreign currencies to receive Cash administered in trust Others Others Margin accounts (financial derivative instruments) Cash Investments in financial instruments Other assets Investments in financial instruments Negotiable financial instruments Negotiable financial instruments without restriction Government debt In position To deliver Bank debt In position To deliver Other debt securities In position To deliver

Financial Crowdfunding Institutions
Series R10 Reclassifications
Report A-10112 Reclassifications in the statement of financial position Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos

Figures in pesos

Concept
Minimum catalog balance
Movements for presentation according to accounting criteria Compensations according to accounting criteria Unconsolidated statement of financial position (1) (2) (A) Debe Haber Debe Haber MN, UMA and UDIS ME Total (B)* = (A) + (1) + (2)

Equity financial instruments
In position
To deliver
Restricted or pledged negotiable financial instruments Government debt In position To receive Bank debt In position To receive Other debt securities In position To receive Equity financial instruments In position To receive Financial instruments to collect or sell Financial instruments to collect or sell without restriction Government debt In position To deliver Bank debt In position To deliver Other debt securities In position To deliver Restricted or pledged financial instruments to collect or sell Government debt In position To receive

Institutions of Collective Financing
Series R10 Reclassifications
Report A-10112 Reclassifications in the statement of financial position Includes amounts in national currency, foreign currency, UMA and UDIS valued in pesos Amounts in pesos

Concept	Minimum Catalog Balance	Movements by presentation according to accounting criteria	Offsets according to accounting criteria
		Unconsolidated Statement of Financial Position
		(1) (2)
		(A) Debe Haber	Debe Haber MN, UMA y UDIS ME
		Total (B) = (A) + (1) + (2)*

Bank debt
In position
To receive
Other debt securities
In position
To receive
Financial instruments to collect principal and interest (securities) (net) Financial instruments to collect principal and interest (securities) Financial instruments to collect principal and interest without restriction Government debt In position To deliver Bank debt In position To deliver Other debt securities In position To deliver Restricted or pledged financial instruments to collect principal and interest Government debt In position To receive Bank debt In position To receive Other debt securities In position To receive

Institutions of Collective Financing
Series R10 Reclassifications
Report A-10112 Reclassifications in the statement of financial position Includes amounts in national currency, foreign currency, UMA and UDIS valued in pesos Amounts in pesos

Concept	Minimum Catalog Balance	Movements by presentation according to accounting criteria	Offsets according to accounting criteria
		Unconsolidated Statement of Financial Position
		(1) (2)
		(A) Debe Haber	Debe Haber MN, UMA y UDIS ME
		Total (B) = (A) + (1) + (2)*

Estimate of expected credit losses for investments in financial instruments to collect principal and interest (securities) Financial instruments to collect principal and interest without restriction Government debt In position To deliver Bank debt In position To deliver Other debt securities In position To deliver Restricted or pledged financial instruments to collect principal and interest Government debt In position To receive Bank debt In position To receive Other debt securities In position To receive Debtors by repo Derivative financial instruments For trading purposes Futures to receive Forward contracts to receive Valuation Credit risk adjustment

Institutions of Collective Financing
Series R10 Reclassifications
Report A-10112 Reclassifications in the statement of financial position Includes amounts in national currency, foreign currency, UMA and UDIS valued in pesos Amounts in pesos

Concept	Minimum Catalog Balance	Movements by presentation according to accounting criteria	Offsets according to accounting criteria
		Unconsolidated Statement of Financial Position
		(1) (2)
		(A) Debe Haber	Debe Haber MN, UMA y UDIS ME
		Total (B) = (A) + (1) + (2)*

Options
Valuation
Credit risk adjustment
Swaps
Valuation
Credit risk adjustment
Structured operations
Valuation
Credit risk adjustment
Bundles of derivative financial instruments
Valuation
Credit risk adjustment
Credit risk adjustment by counterparty
For hedging purposes
Futures to receive
Valuation
Valuation of the hedged item
Forward contracts to receive
Valuation
Valuation of the hedged item
Credit risk adjustment
Options
Valuation
Valuation of the hedged item
Credit risk adjustment
Swaps
Valuation
Valuation of the hedged item
Credit risk adjustment

Institutions of Collective Financing
Series R10 Reclassifications
Report A-10112 Reclassifications in the statement of financial position Includes amounts in national currency, foreign currency, UMA and UDIS valued in pesos Amounts in pesos

Concept	Minimum Catalog Balance	Movements by presentation according to accounting criteria	Offsets according to accounting criteria
		Unconsolidated Statement of Financial Position
		(1) (2)
		(A) Debe Haber	Debe Haber MN, UMA y UDIS ME
		Total (B) = (A) + (1) + (2)*

Structured operations
Valuation
Valuation of the hedged item
Credit risk adjustment
Bundles of derivative financial instruments
Valuation
Valuation of the hedged item
Credit risk adjustment
Credit risk adjustment by counterparty
Valuation adjustments for hedging financial assets Virtual assets Restricted virtual assets Unrestricted virtual assets Benefits to receive in securitization operations Benefits on the residual in securitization operations Asset for administration of transferred financial assets Accounts receivable Debtors for settlement of operations Foreign exchange sales and purchases Investments in financial instruments Repos Derivative financial instruments By issuance of securities Virtual assets Debtors for margin accounts Debtors for collateral granted in cash Operations with financial instruments Operations not carried out in recognized markets (OTC) Others

Institutions of Collective Financing
Series R10 Reclassifications
Report A-10112 Reclassifications in the statement of financial position Includes amounts in national currency, foreign currency, UMA and UDIS valued in pesos Amounts in pesos

Concept	Minimum Catalog Balance	Movements by presentation according to accounting criteria	Offsets according to accounting criteria
		Unconsolidated Statement of Financial Position
		(1) (2)
		(A) Debe Haber	Debe Haber MN, UMA y UDIS ME
		Total (B) = (A) + (1) + (2)*

Various debtors
Premiums, commissions and rights to receive
Customers
Loans and other debts of personnel
Overdue debts
Other debtors
Taxes to recover
Dividends to receive from equity financial instruments Conditional accounts receivable Other accounts receivable Estimate of expected credit losses Various debtors Conditional accounts receivable Other accounts receivable Accounts receivable (net) Long-term assets held for sale or for distribution to owners Subsidiaries Belonging to the financial sector Not belonging to the financial sector Associates Belonging to the financial sector Not belonging to the financial sector Joint ventures Belonging to the financial sector Not belonging to the financial sector Other permanent investments Belonging to the financial sector Not belonging to the financial sector

Institutions of Collective Financing
Series R10 Reclassifications
Report A-10112 Reclassifications in the statement of financial position Includes amounts in national currency, foreign currency, UMA and UDIS valued in pesos Amounts in pesos

Concept	Minimum Catalog Balance	Movements by presentation according to accounting criteria	Offsets according to accounting criteria
		Unconsolidated Statement of Financial Position
		(1) (2)
		(A) Debe Haber	Debe Haber MN, UMA y UDIS ME
		Total (B) = (A) + (1) + (2)*

Others
Belonging to the financial sector
Not belonging to the financial sector
Assets related to discontinued operations
Prepayments and other assets
Deferred charges
Insurance to amortize
Other deferred charges
Prepayments
Interest paid in advance
Commissions paid in advance
Advance or provisional payments of taxes
Rent paid in advance
Other prepayments
Guarantee deposits
Employee benefits assets
Plan assets to cover employee benefits
Direct long-term benefits
Post-employment benefits
Pensions
Seniority premium
Other post-employment benefits
Deferred employee participation in profits (in favor) Estimate for non-recoverable deferred PTU Other short and long-term assets Properties, furniture and equipment Properties, furniture and equipment Land Buildings

Institutions of Collective Financing
Series R10 Reclassifications
Report A-10112 Reclassifications in the statement of financial position Includes amounts in national currency, foreign currency, UMA and UDIS valued in pesos Amounts in pesos

Concept	Minimum Catalog Balance	Movements by presentation according to accounting criteria	Offsets according to accounting criteria
		Unconsolidated Statement of Financial Position
		(1) (2)
		(A) Debe Haber	Debe Haber MN, UMA y UDIS ME
		Total (B) = (A) + (1) + (2)*

Construction in progress
Transport equipment
Computer equipment
Furniture
Adaptations and improvements
Other properties, furniture and equipment
Revaluation of properties, furniture and equipment (1) Land Buildings Construction in progress Transport equipment Computer equipment Furniture Adaptations and improvements Other revaluations of properties, furniture and equipment Accumulated depreciation of properties, furniture and equipment Accumulated depreciation of properties, furniture and equipment Buildings Transport equipment Computer equipment Furniture Adaptations and improvements Other accumulated depreciations of properties, furniture and equipment Revaluation of accumulated depreciation of properties, furniture and equipment (1) Buildings Transport equipment Computer equipment Furniture Adaptations and improvements Other revaluations of the accumulated depreciation of properties, furniture and equipment

Institutions of Collective Financing
Series R10 Reclassifications
Report A-10112 Reclassifications in the statement of financial position Includes amounts in national currency, foreign currency, UMA and UDIS valued in pesos Amounts in pesos

Concept	Minimum Catalog Balance	Movements by presentation according to accounting criteria	Offsets according to accounting criteria
		Unconsolidated Statement of Financial Position
		(1) (2)
		(A) Debe Haber	Debe Haber MN, UMA y UDIS ME
		Total (B) = (A) + (1) + (2)*

Properties, furniture and equipment (net)
Right-of-use assets for properties, furniture and equipment Land Buildings Transport equipment Computer equipment Furniture Other properties, furniture and equipment Depreciation of right-of-use assets for properties, furniture and equipment Land Buildings Transport equipment Computer equipment Furniture Other properties, furniture and equipment Right-of-use assets for properties, furniture and equipment (net) Permanent investments Subsidiaries Belonging to the financial sector Not belonging to the financial sector Associates Belonging to the financial sector Not belonging to the financial sector Joint ventures Belonging to the financial sector Not belonging to the financial sector Other permanent investments Belonging to the financial sector Not belonging to the financial sector

Institutions of Collective Financing
Series R10 Reclassifications
Report A-10112 Reclassifications in the statement of financial position Includes amounts in national currency, foreign currency, UMA and UDIS valued in pesos Amounts in pesos

Concept	Minimum Catalog Balance	Movements by presentation according to accounting criteria	Offsets according to accounting criteria
		Unconsolidated Statement of Financial Position
		(1) (2)
		(A) Debe Haber	Debe Haber MN, UMA y UDIS ME
		Total (B) = (A) + (1) + (2)*

Deferred income tax asset
Deferred income taxes (in favor)
Temporary differences
Tax losses
Tax credits
Estimate for non-recoverable deferred income taxes Temporary differences Tax losses Tax credits Intangible assets Intangible assets Revaluation of intangible assets (1) Accumulated amortization of intangible assets Accumulated amortization of intangible assets Revaluation of accumulated amortization of intangible assets (1) Intangible assets (net) Right-of-use assets for intangible assets Amortization of right-of-use assets for intangible assets Right-of-use assets for intangible assets (net) Goodwill Goodwill From subsidiaries From associates From joint ventures Revaluation of goodwill (1) From subsidiaries From associates From joint ventures

Institutions of Collective Financing
Series R10 Reclassifications
Report A-10112 Reclassifications in the statement of financial position Includes amounts in national currency, foreign currency, UMA and UDIS valued in pesos Amounts in pesos

Concept	Minimum Catalog Balance	Movements by presentation according to accounting criteria	Offsets according to accounting criteria
		Unconsolidated Statement of Financial Position
		(1) (2)
		(A) Debe Haber	Debe Haber MN, UMA y UDIS ME
		Total (B) = (A) + (1) + (2)*

LIABILITY
Securities liabilities
Securities certificates
Nominal value and interest
Transaction costs
Premium or discount on placement
Others
Nominal value and interest
Transaction costs
Premium or discount on placement
Bank loans and loans from other organizations
Short-term
Loans from multiple banking institutions
Loans from foreign banks
Loans from development banking institutions
Loans from other organizations
Long-term
Loans from multiple banking institutions
Loans from foreign banks
Loans from development banking institutions
Loans from other organizations
Obligation to return deposits of clients invested in repo Collaterals sold or pledged Repos Obligation of the repo-taker to return collateral to the repo-giver Collaterals sold Government debt Bank debt Other debt securities Collaterals pledged

Institutions of Collective Financing
Series R10 Reclassifications
Report A-10112 Reclassifications in the statement of financial position Includes amounts in national currency, foreign currency, UMA and UDIS valued in pesos Amounts in pesos

Concept	Minimum Catalog Balance	Movements by presentation according to accounting criteria	Offsets according to accounting criteria
		Unconsolidated Statement of Financial Position
		(1) (2)
		(A) Debe Haber	Debe Haber MN, UMA y UDIS ME
		Total (B) = (A) + (1) + (2)*

Derivative financial instruments
Collaterals sold
Government debt
Bank debt
Other debt securities
Equity financial instruments
Others
Other collaterals sold
Derivative financial instruments
For trading purposes
Futures to deliver
Forward contracts to deliver
Valuation
Credit risk adjustment
Options
Valuation
Credit risk adjustment
Swaps
Valuation
Credit risk adjustment
Structured operations
Valuation
Credit risk adjustment
Bundles of derivative financial instruments
Valuation
Credit risk adjustment
Credit risk adjustment by counterparty
For hedging purposes
Futures to deliver
Valuation
Valuation of the hedged item

Institutions of Collective Financing
Series R10 Reclassifications
Report A-10112 Reclassifications in the statement of financial position Includes amounts in national currency, foreign currency, UMA and UDIS valued in pesos Amounts in pesos

Concept	Minimum Catalog Balance	Movements by presentation according to accounting criteria	Offsets according to accounting criteria
		Unconsolidated Statement of Financial Position
		(1) (2)
		(A) Debe Haber	Debe Haber MN, UMA y UDIS ME
		Total (B) = (A) + (1) + (2)*

Forward contracts to deliver
Valuation
Valuation of the hedged item
Credit risk adjustment
Options
Valuation
Valuation of the hedged item
Credit risk adjustment
Swaps
Valuation
Valuation of the hedged item
Credit risk adjustment
Structured operations
Valuation
Valuation of the hedged item
Credit risk adjustment
Bundles of derivative financial instruments
Valuation
Valuation of the hedged position
Credit risk adjustment
Credit risk adjustment of counterparty
Valuation adjustments for hedging financial liabilities Obligations in securitization operations Liability for administration of transferred financial assets Lease liability Other accounts payable Creditors for settlement of operations Foreign exchange sales and purchases Investments in financial instruments

Institutions of Collective Financing
Series R10 Reclassifications
Report A-10112 Reclassifications in the statement of financial position Includes amounts in national currency, foreign currency, UMA and UDIS valued in pesos Amounts in pesos

Concept	Minimum Catalog Balance	Movements by presentation according to accounting criteria	Offsets according to accounting criteria
		Unconsolidated Statement of Financial Position
		(1) (2)
		(A) Debe Haber	Debe Haber MN, UMA y UDIS ME
		Total (B) = (A) + (1) + (2)*

Repos
Derivative financial instruments
Virtual assets
Creditors for margin accounts
Creditors for collateral received in cash
Operations with financial instruments
Operations not carried out in recognized markets (OTC) Others Contributions to pay Value added tax Other taxes and duties to pay Taxes and social security contributions withheld to remit Various creditors and other accounts payable Commissions to pay on ongoing operations Creditors for acquisition of assets Dividends to pay Creditors for maintenance service Provisions for various obligations Fees and rents Promotion and advertising expenses Technology expenses Other provisions Other various creditors Liabilities related to groups of assets held for sale Liabilities related to discontinued operations Financial instruments that qualify as liabilities Subordinated obligations in circulation Of mandatory conversion Nominal value and interest Transaction costs Premium or discount on placement

Institutions of Collective Financing
Series R10 Reclassifications
Report A-10112 Reclassifications in the statement of financial position Includes amounts in national currency, foreign currency, UMA and UDIS valued in pesos Amounts in pesos

Concept	Minimum Catalog Balance	Movements by presentation according to accounting criteria	Offsets according to accounting criteria
		Unconsolidated Statement of Financial Position
		(1) (2)
		(A) Debe Haber	Debe Haber MN, UMA y UDIS ME
		Total (B) = (A) + (1) + (2)*

Of conversion by holder's decision
Nominal value and interest
Transaction costs
Premium or discount on placement
Of conversion by issuer's decision
Nominal value and interest
Transaction costs
Premium or discount on placement
Non-convertible
Nominal value and interest
Transaction costs
Premium or discount on placement
Contributions for future capital increases pending formalization by its shareholders' meeting Others Obligations associated with the removal of components of properties, furniture and equipment Income tax liability Taxes incurred Income taxes (provision) Income taxes (adjustment for definitive tax) Deferred taxes Temporary differences Employee benefits liability Short-term direct benefits Long-term direct benefits Post-employment benefits Pensions Seniority premium Other post-employment benefits

Institutions of Collective Financing
Series R10 Reclassifications
Report A-10112 Reclassifications in the statement of financial position Includes amounts in national currency, foreign currency, UMA and UDIS valued in pesos Amounts in pesos

Concept	Minimum Catalog Balance	Movements by presentation according to accounting criteria	Offsets according to accounting criteria
		Unconsolidated Statement of Financial Position
		(1) (2)
		(A) Debe Haber	Debe Haber MN, UMA y UDIS ME
		Total (B) = (A) + (1) + (2)*

Termination benefits
Termination benefits for reasons other than restructuring Termination benefits due to restructuring Employee participation in profits incurred Deferred employee participation in profits Deferred credits and advance collections Deferred credits Other income to apply Other deferred credits Advance collections Interest collected in advance Commissions collected in advance Advance collections of goods promised for sale or with reservation of ownership Other advance collections OWNERS' EQUITY Contributed capital Social capital Unpaid social capital Increase by updating paid social capital (1) Contributions for future capital increases formalized by its shareholders' meeting Increase by updating contributions for future capital increases formalized by its shareholders' meeting (1) Share premium Increase by updating share premium (1) Financial instruments that qualify as capital Increase by updating financial instruments that qualify as capital (1)

Institutions of Collective Financing
Series R10 Reclassifications
Report A-10112 Reclassifications in the statement of financial position Includes amounts in national currency, foreign currency, UMA and UDIS valued in pesos Amounts in pesos

Concept	Minimum Catalog Balance	Movements by presentation according to accounting criteria	Offsets according to accounting criteria
		Unconsolidated Statement of Financial Position
		(1) (2)
		(A) Debe Haber	Debe Haber MN, UMA y UDIS ME
		Total (B) = (A) + (1) + (2)*

Earned capital
Capital reserves
Legal reserve
Other reserves
Increase by updating capital reserves (1)
Accumulated results
Result of previous periods
Result to apply
Result from accounting changes and error corrections Increase by updating result of previous periods (1) Net result Other comprehensive income Valuation of financial instruments to collect or sell Valuation Effect of income taxes and deferred PTU Estimate for non-recoverable income taxes and deferred PTU Increase by updating valuation of financial instruments to collect or sell (1) Valuation of derivative financial instruments for cash flow hedging Valuation Effect of income taxes and deferred PTU Estimate for non-recoverable income taxes and deferred PTU Increase by updating valuation of derivative financial instruments for cash flow hedging (1) Income and expenses related to assets held for disposal Result Effect of income taxes and deferred PTU Estimate for non-recoverable income taxes and deferred PTU

Collective Financing Institutions
Series R10 Reclassifications
Report A-10112 Reclassifications in the statement of financial position Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept Minimum catalog Balances Movements by presentation according to accounting criteria Compensations according to accounting criteria Unconsolidated statement of financial position (1) (2) (A) Debit Credit Debit Credit MN, UMA and UDIS ME Total (B)* = (A) + (1) + (2) Increase due to updating of income and expenses related to assets held for disposal (1) Remediation of defined benefits to employees Actuarial results in obligations Valuation Effect of taxes on profit and PTU deferred Estimation for non-recoverable taxes on profit and PTU deferred Result in the return of plan assets Valuation Effect of taxes on profit and PTU deferred Estimation for non-recoverable taxes on profit and PTU deferred Increase due to updating of the remediation of defined benefits to employees (1) Accumulated effect by conversion Valuation Effect of taxes on profit and PTU deferred Estimation for non-recoverable taxes on profit and PTU deferred Increase due to updating of the accumulated effect by conversion (1) Participation in OCI of other entities Valuation Effect of taxes on profit and PTU deferred Estimation for non-recoverable taxes on profit and PTU deferred Increase due to updating of participation in OCI of other entities (1) Collective Financing Institutions (1) These concepts will be applicable under an inflationary economic environment based on what is established in Financial Information Standard B-10 Effects of Inflation, issued by the Mexican Council of Financial Information Standards, A.C.

Collective Financing Institutions
Series R10 Reclassifications
Report A-10122 Reclassifications in the statement of comprehensive income Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept Minimum catalog Balances Movements by presentation according to accounting criteria Compensations according to accounting criteria Unconsolidated statement of financial position (1) (2) (A) Debit Credit Debit Credit MN, UMA and UDIS ME Total (B)* = (A) + (1) + (2) Charges collected Account opening fee Borne by the applicant Borne by the investor Administration fee Borne by the applicant Borne by the investor Custody fee Borne by the applicant Borne by the investor Purchase and sale of financial instruments Purchase and sale of virtual assets Other charges collected Increase due to updating of charges collected (1) Charges paid Loans received Debt placement Purchase and sale of virtual assets Fund transfers Other charges paid Increase due to updating of charges paid (1) RESULT FROM SERVICES Interest income Interest on cash and cash equivalents

Collective Financing Institutions
Series R10 Reclassifications
Report A-10122 Reclassifications in the statement of comprehensive income Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept Minimum catalog Balances Movements by presentation according to accounting criteria Compensations according to accounting criteria Unconsolidated statement of financial position (1) (2) (A) Debit Credit Debit Credit MN, UMA and UDIS ME Total (B)* = (A) + (1) + (2) Banks Own resources Client resources Highly liquid financial instruments Restricted cash and cash equivalents or given as collateral Cash Financial instruments Other assets Interest and yields in favor from margin accounts Cash Financial instruments Other assets Interest and yields in favor from investments in financial instruments For negotiable financial instruments For financial instruments to collect or sell For financial instruments to collect principal and interest (bonds) Interest and yields in favor from collateral in OTC operations Cash Financial instruments Other assets Interest and yields in favor in repo operations Income from negotiable financial instrument derivatives Income from hedging operations Premiums for debt placement Securities liabilities Financial instruments qualifying as liabilities Dividends from instruments qualifying as equity financial instruments

Collective Financing Institutions
Series R10 Reclassifications
Report A-10122 Reclassifications in the statement of comprehensive income Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept Minimum catalog Balances Movements by presentation according to accounting criteria Compensations according to accounting criteria Unconsolidated statement of financial position (1) (2) (A) Debit Credit Debit Credit MN, UMA and UDIS ME Total (B)* = (A) + (1) + (2) Gain from valuation Gain in valuation changes Valuation of indexed instruments Valuation of UDIS items Valuation of UMA items Increase due to updating of interest income (1) Interest expenses Interest, transaction costs and discounts borne for the issuance of financial instruments qualifying as liabilities Subordinated obligations Of mandatory conversion Of conversion by holder decision Of conversion by issuer entity decision Non-convertible Other issued securities Interest on bank and other organism loans Interest and yields borne from collateral in OTC operations Premiums paid for early redemption of financial instruments qualifying as liabilities Expenses from negotiable financial instrument derivatives Expenses from hedging operations Loss from valuation Loss in valuation changes Valuation of indexed instruments Valuation of UDIS items Valuation of UMA items

Collective Financing Institutions
Series R10 Reclassifications
Report A-10122 Reclassifications in the statement of comprehensive income Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept Minimum catalog Balances Movements by presentation according to accounting criteria Compensations according to accounting criteria Unconsolidated statement of financial position (1) (2) (A) Debit Credit Debit Credit MN, UMA and UDIS ME Total (B)* = (A) + (1) + (2) Interest on lease liabilities Increase due to updating of interest expenses (1) Net monetary position result (financial margin) (1) Monetary position result from positions generating financial margin (debit balance) Monetary position result from positions generating financial margin (credit balance) Increase due to updating of net monetary position result (financial margin) (1) FINANCIAL MARGIN Result from intermediation Result from valuation of financial instruments at fair value Negotiable financial instruments Financial instrument derivatives for trading purposes Valuation Credit risk adjustment Financial instrument derivatives for hedging purposes Valuation Credit risk adjustment Valuation of the hedged item Sold collateral Estimation of expected credit losses for investments in financial instruments Financial instruments to collect or sell Financial instruments to collect principal and interest (bonds)

Collective Financing Institutions
Series R10 Reclassifications
Report A-10122 Reclassifications in the statement of comprehensive income Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept Minimum catalog Balances Movements by presentation according to accounting criteria Compensations according to accounting criteria Unconsolidated statement of financial position (1) (2) (A) Debit Credit Debit Credit MN, UMA and UDIS ME Total (B)* = (A) + (1) + (2) Result from foreign currency valuation Result from virtual asset valuation Result from purchase and sale of financial instruments and financial instrument derivatives Negotiable financial instruments Financial instruments to collect or sell Financial instruments to collect principal and interest (bonds) Financial instrument derivatives for trading purposes Financial instrument derivatives for hedging purposes Result from purchase and sale of virtual assets Result from purchase and sale of foreign currencies Result from purchase and sale of received collateral Transaction costs For purchase and sale of negotiable financial instruments For purchase and sale of financial instrument derivatives For virtual assets Other financial results Increase due to updating of result from intermediation (1) Other operating income (expenses) Costs and expenses incurred in collection management Collection management commissions Recoveries Taxes Excess in benefits to receive in securitization operations Other recoveries

Collective Financing Institutions
Series R10 Reclassifications
Report A-10122 Reclassifications in the statement of comprehensive income Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept Minimum catalog Balances Movements by presentation according to accounting criteria Compensations according to accounting criteria Unconsolidated statement of financial position (1) (2) (A) Debit Credit Debit Credit MN, UMA and UDIS ME Total (B)* = (A) + (1) + (2) Impairments to estimation of expected credit losses Losses Labor relations and job security Frauds Natural disasters and other events Business incidents and system failures Other losses Donations Loss in custody and administration of assets Loss from impairment or effect of reversal of impairment of other long-term assets held for sale Interest borne in financing for asset acquisition Result in sale of properties, furniture and equipment Cancellation of other liability accounts Interest in favor from loans to officials and employees Rental income Result from valuation of benefits to receive in securitization operations Result from valuation of asset for administration of transferred financial assets Result from valuation of liability for administration of transferred financial assets Result in benefits to receive in securitization operations Other items of operating income (expenses) Monetary position result originated by items not related to financial margin (1) Result from valuation of items not related to financial margin Increase due to updating of other operating income (expenses) (1)

Collective Financing Institutions
Series R10 Reclassifications
Report A-10122 Reclassifications in the statement of comprehensive income Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept Minimum catalog Balances Movements by presentation according to accounting criteria Compensations according to accounting criteria Unconsolidated statement of financial position (1) (2) (A) Debit Credit Debit Credit MN, UMA and UDIS ME Total (B)* = (A) + (1) + (2) Administration and promotion expenses Short-term direct benefits Workers' participation in profits Workers' participation in profits accrued Other short-term direct benefits Net cost of the period derived from long-term employee benefits Long-term direct benefits Deferred workers' participation in profits Estimation for non-recoverable deferred PTU Post-employment benefits Pensions Seniority premium Other post-employment benefits Termination benefits Termination benefits for reasons other than restructuring Termination benefits due to restructuring Fees Rents Insurance and bonds Promotion and advertising expenses Taxes and various rights Non-deductible expenses Technology expenses

Collective Financing Institutions
Series R10 Reclassifications
Report A-10122 Reclassifications in the statement of comprehensive income Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept Minimum catalog Balances Movements by presentation according to accounting criteria Compensations according to accounting criteria Unconsolidated statement of financial position (1) (2) (A) Debit Credit Debit Credit MN, UMA and UDIS ME Total (B)* = (A) + (1) + (2) Depreciations Of the period For assets by rights of use of properties, furniture and equipment Amortizations Of the period For assets by rights of use of intangible assets Loss from impairment or effect of reversal of impairment of real estate and other assets in use CNBV inspection and surveillance fees Maintenance expenses Other administration and promotion expenses Increase due to updating of administration and promotion expenses (1) OPERATING RESULT Participation in the net result of other entities Result of the period from unconsolidated subsidiaries, associates and joint ventures In unconsolidated subsidiaries Belonging to the financial sector Not belonging to the financial sector In associates Belonging to the financial sector Not belonging to the financial sector In joint ventures Belonging to the financial sector Not belonging to the financial sector

Collective Financing Institutions
Series R10 Reclassifications
Report A-10122 Reclassifications in the statement of comprehensive income Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept Minimum catalog Balances Movements by presentation according to accounting criteria Compensations according to accounting criteria Unconsolidated statement of financial position (1) (2) (A) Debit Credit Debit Credit MN, UMA and UDIS ME Total (B)* = (A) + (1) + (2) Dividends from permanent investments Valuation of permanent investments available for sale Adjustments associated with other permanent investments Impairment or effect of reversal of impairment of permanent investments Increase due to updating of participation in the net result of other entities (1) RESULT BEFORE TAXES ON PROFIT Taxes on profit Taxes on profit accrued Deferred taxes on profit Temporary differences Tax losses Tax credits Estimation for non-recoverable taxes on profit Temporary differences Tax losses Tax credits Increase due to updating of taxes on profit (1) RESULT FROM CONTINUING OPERATIONS Discontinued operations Discontinued operations Increase due to updating of discontinued operations (1)

Collective Financing Institutions
Series R10 Reclassifications
Report A-10122 Reclassifications in the statement of comprehensive income Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept Minimum catalog Balances Movements by presentation according to accounting criteria Compensations according to accounting criteria Unconsolidated statement of financial position (1) (2) (A) Debit Credit Debit Credit MN, UMA and UDIS ME Total (B)* = (A) + (1) + (2) NET RESULT Other comprehensive income Valuation of financial instruments to collect or sell Period effect Valuation Effect of taxes on profit and PTU deferred Estimation for non-recoverable taxes on profit and PTU deferred Increase due to updating of valuation of financial instruments to collect or sell (1) Valuation of financial instrument derivatives for cash flow hedging Period effect Valuation Effect of taxes on profit and PTU deferred Estimation for non-recoverable taxes on profit and PTU deferred Increase due to updating of valuation of financial instrument derivatives for cash flow hedging (1) Income and expenses related to assets held for disposal Period effect Result Effect of taxes on profit and PTU deferred Estimation for non-recoverable taxes on profit and PTU deferred Increase due to updating of Income and expenses related to assets held for disposal (1)

Collective Financing Institutions
Series R10 Reclassifications
Report A-10122 Reclassifications in the statement of comprehensive income Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept Minimum catalog Balances Movements by presentation according to accounting criteria Compensations according to accounting criteria Unconsolidated statement of financial position (1) (2) (A) Debit Credit Debit Credit MN, UMA and UDIS ME Total (B)* = (A) + (1) + (2) Remediation of defined benefits to employees Period effect Valuation Effect of taxes on profit and PTU deferred Estimation for non-recoverable taxes on profit and PTU deferred Increase due to updating of the remediation of defined benefits to employees (1) Accumulated effect by conversion Period effect Valuation Effect of taxes on profit and PTU deferred Estimation for non-recoverable taxes on profit and PTU deferred Increase due to updating of the accumulated effect by conversion (1) Participation in OCI of other entities Period effect Valuation Effect of taxes on profit and PTU deferred Estimation for non-recoverable taxes on profit and PTU deferred Increase due to updating of participation in OCI of other entities (1) COMPREHENSIVE RESULT BASIC EARNINGS PER ORDINARY SHARE Collective Financing Institutions (1) These concepts will be applicable under an inflationary economic environment based on what is established in Financial Information Standard B-10 Effects of Inflation, issued by the Mexican Council of Financial Information Standards, A.C.

20 6 OFFICIAL GAZETTE Friday January 20 2023
SERIES R12 CONSOLIDATION
This series is integrated by two (2) reports, whose frequency of preparation and presentation must be monthly.
REPORTS
A-12192 Consolidation of the statement of financial position of the collective financing institution with its subsidiaries In this report, balances at the end of the period for the concepts of regulatory report A-10112 Reclassifications in the statement of financial position are requested, as well as the statement of financial position of its subsidiaries and the sum of the statements of financial position of all subsidiaries. The sum of the statement of financial position of the collective financing institution with its subsidiaries prior to eliminations is presented. The eliminations that must be made to consolidate the information of the institution and its subsidiaries are included, and finally the consolidated statement of financial position of the institution. A-12202 Consolidation of the statement of comprehensive income of the collective financing institution with its subsidiaries In this report, balances at the end of the period for the concepts of regulatory report A-10122 Reclassifications in the statement of comprehensive income are requested, as well as the statement of comprehensive income of its subsidiaries and the sum of the statements of comprehensive income of all subsidiaries. The sum of the statement of comprehensive income of the collective financing institution with its subsidiaries prior to eliminations is presented. The eliminations that must be made to consolidate the information of the institution and its subsidiaries are included, and finally the consolidated statement of comprehensive income of the institution. For the completion of reports A-12192 and A-12202, the following aspects must be taken into consideration:
The data referring to balances and amounts must be presented in national currency, foreign currency, UMA and UDIS valued in pesos and foreign currency valued in pesos using the exchange rate indicated in the current accounting criteria. These amounts and balances must be presented in pesos, with four decimal places, without commas. For example: $20,585.7000 would be 20585.7000. CAPTURE FORMAT Collective Financing Institutions will carry out the sending of information related to reports A-12192 Consolidation of the statement of financial position of the collective financing institution with its subsidiaries and A-12202 Consolidation of the statement of comprehensive income of the collective financing institution with its subsidiaries, described above, by using the following capture format:
REQUESTED INFORMATION
SECTION REPORT IDENTIFIER
PERIOD START
PERIOD END
INSTITUTION KEY
REPORT
NUMBER OF SUBSIDIARIES
SECTION FINANCIAL INFORMATION
SUBSIDIARY KEY
CONCEPT
BALANCE TYPE
MOVEMENT TYPE
DATA
Collective Financing Institutions will report the information indicated in this series, which must comply with the validations and quality standards indicated by the National Banking and Securities Commission (Commission), adjusting to the characteristics and specifications. Once the validations and quality standards are met, the SITI will generate an electronic receipt. The information must be sent only once and will be received assuming it meets all characteristics and specifications, for which it cannot be modified and must present consistency with the various reports in which the same information is included with a different level of integration, therefore, if it does not meet the required quality and characteristics or has been presented incompletely, the obligation of its presentation will be considered unfulfilled, and consequently, the corresponding sanctions will be imposed in accordance with the applicable legal provisions.

Collective Financing Institutions
Series R12 Consolidation
Report A-12192 Consolidation of the financial position statement of the collective financing institution with its subsidiaries Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos

Concept	Financial position statement of the collective financing institution	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Sum of the financial position statements of its subsidiaries	Sum of the financial position statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated financial position statement of the collective financing institution with its subsidiaries
Debit Credit	A (i) (ii) (n)	B= i+ii+n	C=A+B	D	E	F=C-D+E

OFF-BALANCE SHEET ACCOUNTS
Operations on behalf of clients
Clients current accounts
Applicants' deposits
Debt
Capital
Co-ownership or royalties
Investors' deposits
Other current accounts
Custody operations
Clients' virtual assets
Financial instruments of clients received in custody Other custody operations Administration operations Clients' virtual assets Financial instruments of clients received in administration Debt Capital Co-ownership or royalties Collateral received as guarantee on behalf of applicants Collateral delivered as guarantee on behalf of clients In derivative financial instruments Government debt Bank debt

Concept	Financial position statement of the collective financing institution	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Sum of the financial position statements of its subsidiaries	Sum of the financial position statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated financial position statement of the collective financing institution with its subsidiaries
Debit Credit	A (i) (ii) (n)	B= i+ii+n	C=A+B	D	E	F=C-D+E

Other debt instruments
Equity financial instruments
Others
Other collateral delivered as guarantee for other operations on behalf of clients Purchase operations of financial instruments Derivatives Clients' futures and forward contracts (notional amount) Of options Of swaps Of packages of clients' derivative financial instruments Others Sale operations of financial instruments Derivatives Clients' futures and forward contracts (notional amount) Of options Of swaps Of packages of clients' derivative financial instruments Others Assets in mandate Other administration operations

Concept	Financial position statement of the collective financing institution	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Sum of the financial position statements of its subsidiaries	Sum of the financial position statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated financial position statement of the collective financing institution with its subsidiaries
Debit Credit	A (i) (ii) (n)	B= i+ii+n	C=A+B	D	E	F=C-D+E

Own-account operations
Contingent assets and liabilities
Collateral received by the entity
Cash administered in trust
Government debt
Bank debt
Other debt instruments
Equity financial instruments
Others
Collateral received and sold or delivered as guarantee by the entity Government debt Bank debt Other debt instruments Equity financial instruments Others Other registration accounts ASSET Cash and cash equivalents Cash Banks Deposits in financial entities Currencies to be delivered

Concept	Financial position statement of the collective financing institution	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Sum of the financial position statements of its subsidiaries	Sum of the financial position statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated financial position statement of the collective financing institution with its subsidiaries
Debit Credit	A (i) (ii) (n)	B= i+ii+n	C=A+B	D	E	F=C-D+E

Immediate collection documents
High liquidity financial instruments
Restricted or pledged cash and cash equivalents Currencies to be received Cash administered in trust Others Others Margin accounts (derivative financial instruments) Cash Investments in financial instruments Other assets Investments in financial instruments Negotiable financial instruments Negotiable financial instruments without restriction Government debt In position To be delivered Bank debt In position To be delivered Other debt instruments In position To be delivered

Concept	Financial position statement of the collective financing institution	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Sum of the financial position statements of its subsidiaries	Sum of the financial position statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated financial position statement of the collective financing institution with its subsidiaries
Debit Credit	A (i) (ii) (n)	B= i+ii+n	C=A+B	D	E	F=C-D+E

Equity financial instruments
In position
To be delivered
Restricted or pledged negotiable financial instruments Government debt In position To be received Bank debt In position To be received Other debt instruments In position To be received Equity financial instruments In position To be received Financial instruments to collect principal and interest Financial instruments to collect principal and interest without restriction Government debt In position To be delivered Bank debt In position To be delivered

Concept	Financial position statement of the collective financing institution	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Sum of the financial position statements of its subsidiaries	Sum of the financial position statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated financial position statement of the collective financing institution with its subsidiaries
Debit Credit	A (i) (ii) (n)	B= i+ii+n	C=A+B	D	E	F=C-D+E

Other debt instruments
In position
To be delivered
Restricted or pledged financial instruments to collect principal and interest Government debt In position To be received Bank debt In position To be received Other debt instruments In position To be received Financial instruments to collect principal and interest (values) (net) Financial instruments to collect principal and interest (values) Financial instruments to collect principal and interest without restriction Government debt In position To be delivered Bank debt In position To be delivered

Concept	Financial position statement of the collective financing institution	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Sum of the financial position statements of its subsidiaries	Sum of the financial position statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated financial position statement of the collective financing institution with its subsidiaries
Debit Credit	A (i) (ii) (n)	B= i+ii+n	C=A+B	D	E	F=C-D+E

Other debt instruments
In position
To be delivered
Restricted or pledged financial instruments to collect principal and interest Government debt In position To be received Bank debt In position To be received Other debt instruments In position To be received Estimated expected credit losses for investments in financial instruments to collect principal and interest (values) Financial instruments to collect principal and interest without restriction Government debt In position To be delivered Bank debt In position To be delivered

Concept	Financial position statement of the collective financing institution	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Sum of the financial position statements of its subsidiaries	Sum of the financial position statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated financial position statement of the collective financing institution with its subsidiaries
Debit Credit	A (i) (ii) (n)	B= i+ii+n	C=A+B	D	E	F=C-D+E

Other debt instruments
In position
To be delivered
Restricted or pledged financial instruments to collect principal and interest Government debt In position To be received Bank debt In position To be received Other debt instruments In position To be received Repo debtors Derivative financial instruments For trading purposes Futures to be received Forwards to be received Valuation Credit risk adjustment

Concept	Financial position statement of the collective financing institution	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Sum of the financial position statements of its subsidiaries	Sum of the financial position statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated financial position statement of the collective financing institution with its subsidiaries
Debit Credit	A (i) (ii) (n)	B= i+ii+n	C=A+B	D	E	F=C-D+E

Options
Valuation
Credit risk adjustment
Swaps
Valuation
Credit risk adjustment
Structured operations
Valuation
Credit risk adjustment
Packages of derivative financial instruments
Valuation
Credit risk adjustment
Counterparty credit risk adjustment
For hedging purposes
Futures to be received
Valuation
Valuation of the hedged item
Forwards to be received
Valuation
Valuation of the hedged item
Credit risk adjustment
Options
Valuation
Valuation of the hedged item
Credit risk adjustment

Concept	Financial position statement of the collective financing institution	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Sum of the financial position statements of its subsidiaries	Sum of the financial position statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated financial position statement of the collective financing institution with its subsidiaries
Debit Credit	A (i) (ii) (n)	B= i+ii+n	C=A+B	D	E	F=C-D+E

Swaps
Valuation
Valuation of the hedged item
Credit risk adjustment
Structured operations
Valuation
Valuation of the hedged item
Credit risk adjustment
Packages of derivative financial instruments
Valuation
Valuation of the hedged item
Credit risk adjustment
Counterparty credit risk adjustment
Valuation adjustments for financial asset hedging Virtual assets Restricted virtual assets Unrestricted virtual assets Benefits to be received in securitization operations Benefits on the remainder in securitization operations Asset for administration of transferred financial assets Accounts receivable Debtors for settlement of operations Currency sales and purchases Investments in financial instruments

Concept	Financial position statement of the collective financing institution	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Sum of the financial position statements of its subsidiaries	Sum of the financial position statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated financial position statement of the collective financing institution with its subsidiaries
Debit Credit	A (i) (ii) (n)	B= i+ii+n	C=A+B	D	E	F=C-D+E

Repos
Derivative financial instruments
By issuance of securities
Virtual assets
Debtors for margin accounts
Debtors for collateral granted in cash
Operations with financial instruments
Operations not carried out in recognized markets (OTC) Others Various debtors Premiums, commissions and rights to be received Clients Loans and other debts of personnel Overdue debts Other debtors Taxes to be recovered Dividends to be received from equity financial instruments Conditional accounts receivable Other accounts receivable Estimated expected credit losses Various debtors Conditional accounts receivable Other accounts receivable

Concept	Financial position statement of the collective financing institution	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Sum of the financial position statements of its subsidiaries	Sum of the financial position statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated financial position statement of the collective financing institution with its subsidiaries
Debit Credit	A (i) (ii) (n)	B= i+ii+n	C=A+B	D	E	F=C-D+E

Accounts receivable (net)
Long-term assets held for sale or for distribution to owners Subsidiaries Belonging to the financial sector Not belonging to the financial sector Associates Belonging to the financial sector Not belonging to the financial sector Joint ventures Belonging to the financial sector Not belonging to the financial sector Other permanent investments Belonging to the financial sector Not belonging to the financial sector Others Belonging to the financial sector Not belonging to the financial sector Assets related to discontinued operations Prepayments and other assets Deferred charges Insurance to be amortized Other deferred charges

Concept	Financial position statement of the collective financing institution	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Sum of the financial position statements of its subsidiaries	Sum of the financial position statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated financial position statement of the collective financing institution with its subsidiaries
Debit Credit	A (i) (ii) (n)	B= i+ii+n	C=A+B	D	E	F=C-D+E

Prepayments
Interest paid in advance
Commissions paid in advance
Advances or provisional payments of taxes
Rents paid in advance
Other prepayments
Security deposits
Employee benefits assets
Plan assets to cover employee benefits
Direct long-term benefits
Post-employment benefits
Pensions
Seniority premium
Other post-employment benefits
Deferred employee participation in profits (in favor) Estimated non-recoverable deferred PTU Other short and long-term assets Properties, furniture and equipment Properties, furniture and equipment Land Buildings Buildings under construction Transport equipment

Concept	Financial position statement of the collective financing institution	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Sum of the financial position statements of its subsidiaries	Sum of the financial position statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated financial position statement of the collective financing institution with its subsidiaries
Debit Credit	A (i) (ii) (n)	B= i+ii+n	C=A+B	D	E	F=C-D+E

Computer equipment
Furniture
Adaptations and improvements
Other properties, furniture and equipment
Revaluation of properties, furniture and equipment (1) Land Buildings Buildings under construction Transport equipment Computer equipment Furniture Adaptations and improvements Other revaluations of properties, furniture and equipment Accumulated depreciation of properties, furniture and equipment Accumulated depreciation of properties, furniture and equipment Buildings Transport equipment Computer equipment Furniture Adaptations and improvements Other accumulated depreciations of properties, furniture and equipment

Institutions of Collective Financing
Series R12 Consolidation
Report A-12192 Consolidation of the financial position statement of the collective financing institution with its subsidiaries Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos

Concept	Financial position statement of the collective financing institution	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Sum of the financial position statements of its subsidiaries	Sum of the financial position statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated financial position statement of the collective financing institution with its subsidiaries
Debit	Credit							F=C+D-E
A	(i)	(ii)	(n)	B= i+ii+n	C=A+B	D	E	F=C-D+E

Revaluation of accumulated depreciation of properties, furniture and equipment (1) Buildings Transport equipment Computer equipment Furniture Adaptations and improvements Other revaluations of accumulated depreciation of properties, furniture and equipment Properties, furniture and equipment (net) Right-of-use assets for properties, furniture and equipment Land Buildings Transport equipment Computer equipment Furniture Other properties, furniture and equipment Depreciation of right-of-use assets for properties, furniture and equipment Land Buildings Transport equipment Computer equipment Furniture Other properties, furniture and equipment

Institutions of Collective Financing
Series R12 Consolidation
Report A-12192 Consolidation of the financial position statement of the collective financing institution with its subsidiaries Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos

Concept	Financial position statement of the collective financing institution	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Sum of the financial position statements of its subsidiaries	Sum of the financial position statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated financial position statement of the collective financing institution with its subsidiaries
Debit	Credit							F=C+D-E
A	(i)	(ii)	(n)	B= i+ii+n	C=A+B	D	E	F=C-D+E

Right-of-use assets for properties, furniture and equipment (net) Permanent investments Subsidiaries Belonging to the financial sector Not belonging to the financial sector Associates Belonging to the financial sector Not belonging to the financial sector Joint ventures Belonging to the financial sector Not belonging to the financial sector Other permanent investments Belonging to the financial sector Not belonging to the financial sector Deferred income tax assets Deferred income taxes (receivable) Temporary differences Tax losses Tax credits Estimate for non-recoverable deferred income taxes Temporary differences Tax losses Tax credits

Institutions of Collective Financing
Series R12 Consolidation
Report A-12192 Consolidation of the financial position statement of the collective financing institution with its subsidiaries Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos

Concept	Financial position statement of the collective financing institution	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Sum of the financial position statements of its subsidiaries	Sum of the financial position statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated financial position statement of the collective financing institution with its subsidiaries
Debit	Credit							F=C+D-E
A	(i)	(ii)	(n)	B= i+ii+n	C=A+B	D	E	F=C-D+E

Intangible assets
Intangible assets
Revaluation of intangible assets (1)
Accumulated amortization of intangible assets
Accumulated amortization of intangible assets
Revaluation of accumulated amortization of intangible assets (1) Intangible assets (net) Right-of-use assets for intangible assets Amortization of right-of-use assets for intangible assets Right-of-use assets for intangible assets (net) Goodwill Goodwill From subsidiaries From associates From joint ventures Revaluation of goodwill (1) From subsidiaries From associates From joint ventures

Institutions of Collective Financing
Series R12 Consolidation
Report A-12192 Consolidation of the financial position statement of the collective financing institution with its subsidiaries Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos

Concept	Financial position statement of the collective financing institution	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Sum of the financial position statements of its subsidiaries	Sum of the financial position statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated financial position statement of the collective financing institution with its subsidiaries
Debit	Credit							F=C+D-E
A	(i)	(ii)	(n)	B= i+ii+n	C=A+B	D	E	F=C-D+E

LIABILITY
Securities liabilities
Securities certificates
Nominal value and interest
Transaction costs
Placement premium or discount
Others
Nominal value and interest
Transaction costs
Placement premium or discount
Bank loans and loans from other entities
Short-term
Loans from multiple banking institutions
Loans from foreign banks
Loans from development banking institutions
Loans from other entities
Long-term
Loans from multiple banking institutions
Loans from foreign banks
Loans from development banking institutions
Loans from other entities

Institutions of Collective Financing
Series R12 Consolidation
Report A-12192 Consolidation of the financial position statement of the collective financing institution with its subsidiaries Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos

Concept	Financial position statement of the collective financing institution	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Sum of the financial position statements of its subsidiaries	Sum of the financial position statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated financial position statement of the collective financing institution with its subsidiaries
Debit	Credit							F=C+D-E
A	(i)	(ii)	(n)	B= i+ii+n	C=A+B	D	E	F=C-D+E

Obligation to return client deposits invested in repurchase agreements Collaterals sold or pledged Repurchase agreements Obligation of the repurchaser to return the collateral to the repurchasing party Sold collaterals Government debt Bank debt Other debt securities Collaterals pledged Derivative financial instruments Sold collaterals Government debt Bank debt Other debt securities Equity financial instruments Others Other sold collaterals Derivative financial instruments For trading purposes Futures to deliver Forward contracts to deliver Valuation Credit risk adjustment

Institutions of Collective Financing
Series R12 Consolidation
Report A-12192 Consolidation of the financial position statement of the collective financing institution with its subsidiaries Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos

Concept	Financial position statement of the collective financing institution	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Sum of the financial position statements of its subsidiaries	Sum of the financial position statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated financial position statement of the collective financing institution with its subsidiaries
Debit	Credit							F=C+D-E
A	(i)	(ii)	(n)	B= i+ii+n	C=A+B	D	E	F=C-D+E

Options
Valuation
Credit risk adjustment
Swaps
Valuation
Credit risk adjustment
Structured operations
Valuation
Credit risk adjustment
Baskets of derivative financial instruments
Valuation
Credit risk adjustment
Counterparty credit risk adjustment
For hedging purposes
Futures to deliver
Valuation
Valuation of the hedged item
Forward contracts to deliver
Valuation
Valuation of the hedged item
Credit risk adjustment
Options
Valuation
Valuation of the hedged item
Credit risk adjustment

Institutions of Collective Financing
Series R12 Consolidation
Report A-12192 Consolidation of the financial position statement of the collective financing institution with its subsidiaries Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos

Concept	Financial position statement of the collective financing institution	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Sum of the financial position statements of its subsidiaries	Sum of the financial position statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated financial position statement of the collective financing institution with its subsidiaries
Debit	Credit							F=C+D-E
A	(i)	(ii)	(n)	B= i+ii+n	C=A+B	D	E	F=C-D+E

Swaps
Valuation
Valuation of the hedged item
Credit risk adjustment
Structured operations
Valuation
Valuation of the hedged item
Credit risk adjustment
Baskets of derivative financial instruments
Valuation
Valuation of the hedged position
Credit risk adjustment
Counterparty credit risk adjustment
Hedge accounting adjustments for financial liabilities Obligations in securitization operations Liabilities for administration of transferred financial assets Lease liability Other payables Creditors for liquidation of operations Foreign exchange sales and purchases Investments in financial instruments Repurchase agreements Derivative financial instruments Virtual assets

Institutions of Collective Financing
Series R12 Consolidation
Report A-12192 Consolidation of the financial position statement of the collective financing institution with its subsidiaries Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos

Concept	Financial position statement of the collective financing institution	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Sum of the financial position statements of its subsidiaries	Sum of the financial position statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated financial position statement of the collective financing institution with its subsidiaries
Debit	Credit							F=C+D-E
A	(i)	(ii)	(n)	B= i+ii+n	C=A+B	D	E	F=C-D+E

Creditors for margin accounts
Creditors for cash collaterals received
Operations with financial instruments
Operations not executed in recognized markets (OTC) Others Contributions payable Value added tax Other taxes and duties payable Taxes and social security contributions withheld for payment Various creditors and other payables Commissions payable on outstanding operations Creditors for asset acquisition Dividends payable Creditors for maintenance services Provisions for various obligations Fees and rents Promotion and advertising expenses Technology expenses Other provisions Other various creditors

Institutions of Collective Financing
Series R12 Consolidation
Report A-12192 Consolidation of the financial position statement of the collective financing institution with its subsidiaries Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos

Concept	Financial position statement of the collective financing institution	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Sum of the financial position statements of its subsidiaries	Sum of the financial position statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated financial position statement of the collective financing institution with its subsidiaries
Debit	Credit							F=C+D-E
A	(i)	(ii)	(n)	B= i+ii+n	C=A+B	D	E	F=C-D+E

Liabilities related to groups of assets held for sale Liabilities related to discontinued operations Financial instruments qualifying as liability Subordinated obligations in circulation Mandatory conversion Nominal value and interest Transaction costs Placement premium or discount Conversion at the holder's option Nominal value and interest Transaction costs Placement premium or discount Conversion at the issuer's option Nominal value and interest Transaction costs Placement premium or discount Non-convertible Nominal value and interest Transaction costs Placement premium or discount Contributions for future capital increases pending formalization by its shareholders' meeting Others

Institutions of Collective Financing
Series R12 Consolidation
Report A-12192 Consolidation of the financial position statement of the collective financing institution with its subsidiaries Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos

Concept	Financial position statement of the collective financing institution	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Sum of the financial position statements of its subsidiaries	Sum of the financial position statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated financial position statement of the collective financing institution with its subsidiaries
Debit	Credit							F=C+D-E
A	(i)	(ii)	(n)	B= i+ii+n	C=A+B	D	E	F=C-D+E

Obligations associated with the removal of components of properties, furniture and equipment Income tax liability Taxes incurred Income taxes (provision) Income taxes (adjustment for final tax) Deferred taxes Temporary differences Employee benefits liability Short-term direct benefits Long-term direct benefits Post-employment benefits Pensions Seniority premium Other post-employment benefits Termination benefits Termination benefits for reasons other than restructuring Termination benefits due to restructuring Workers' participation in profits incurred Deferred workers' participation in profits Deferred credits and advance receipts Deferred credits Other income to apply Other deferred credits

Institutions of Collective Financing
Series R12 Consolidation
Report A-12192 Consolidation of the financial position statement of the collective financing institution with its subsidiaries Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos

Concept	Financial position statement of the collective financing institution	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Sum of the financial position statements of its subsidiaries	Sum of the financial position statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated financial position statement of the collective financing institution with its subsidiaries
Debit	Credit							F=C+D-E
A	(i)	(ii)	(n)	B= i+ii+n	C=A+B	D	E	F=C-D+E

Advance receipts
Interest received in advance
Commissions received in advance
Advance receipts for goods promised for sale or with reservation of ownership Other advance receipts EQUITY Controlling interest Contributed capital Share capital Unpaid share capital Increase due to updating of paid share capital (1) Contributions for future capital increases formalized by its shareholders' meeting Increase due to updating of contributions for future capital increases formalized by its shareholders' meeting (1) Premium on share sales Increase due to updating of premium on share sales (1) Financial instruments qualifying as equity Increase due to updating of financial instruments qualifying as equity (1)

Institutions of Collective Financing
Series R12 Consolidation
Report A-12192 Consolidation of the financial position statement of the collective financing institution with its subsidiaries Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos

Concept	Financial position statement of the collective financing institution	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Sum of the financial position statements of its subsidiaries	Sum of the financial position statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated financial position statement of the collective financing institution with its subsidiaries
Debit	Credit							F=C+D-E
A	(i)	(ii)	(n)	B= i+ii+n	C=A+B	D	E	F=C-D+E

Retained earnings
Capital reserves
Legal reserve
Other reserves
Increase due to updating of capital reserves (1) Accumulated results Result from prior periods Result to apply Result from accounting changes and error corrections Increase due to updating of result from prior periods (1) Net result Other comprehensive income Valuation of financial instruments to collect or sell Valuation Effect of deferred income taxes and workers' participation in profits Estimate for non-recoverable deferred income taxes and workers' participation in profits Increase due to updating of valuation of financial instruments to collect or sell (1) Valuation of derivative financial instruments for cash flow hedging Valuation

Institutions of Collective Financing
Series R12 Consolidation
Report A-12192 Consolidation of the financial position statement of the collective financing institution with its subsidiaries Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos

Concept	Financial position statement of the collective financing institution	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Sum of the financial position statements of its subsidiaries	Sum of the financial position statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated financial position statement of the collective financing institution with its subsidiaries
Debit	Credit							F=C+D-E
A	(i)	(ii)	(n)	B= i+ii+n	C=A+B	D	E	F=C-D+E

Effect of deferred income taxes and workers' participation in profits Estimate for non-recoverable deferred income taxes and workers' participation in profits Increase due to updating of valuation of derivative financial instruments for cash flow hedging (1) Income and expenses related to assets held for disposal Result Effect of deferred income taxes and workers' participation in profits Estimate for non-recoverable deferred income taxes and workers' participation in profits Increase due to updating of income and expenses related to assets held for disposal (1) Remeasurement of defined employee benefits Actuarial results in obligations Valuation Effect of deferred income taxes and workers' participation in profits Estimate for non-recoverable deferred income taxes and workers' participation in profits Result in the return of plan assets Valuation Effect of deferred income taxes and workers' participation in profits Estimate for non-recoverable deferred income taxes and workers' participation in profits

Collective Financing Institutions
Series R12 Consolidation
Report A-12192 Consolidation of the financial position statement of the collective financing institution with its subsidiaries Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos

Concept	Financial position statement of the collective financing institution	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Financial position statement of the subsidiary	Sum of the financial position statements of its subsidiaries	Sum of the financial position statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated financial position statement of the collective financing institution with its subsidiaries
Debit	Credit	F=C+D-E
A	(i)	(ii)	(n)	B= i+ii+n	C=A+B	D	E	F=C-D+E
Increase due to updating the remeasurement of defined benefits to employees (1)
Accumulated effect from conversion
Valuation
Effect of taxes on profit and PTU deferred
Estimate for non-recoverable taxes on profit and PTU deferred
Increase due to updating the accumulated effect from conversion (1)
Participation in OCI of other entities
Valuation
Effect of taxes on profit and PTU deferred
Estimate for non-recoverable taxes on profit and PTU deferred
Increase due to updating the participation in OCI of other entities (1)
Non-controlling interest
Net result corresponding to non-controlling interest
Other non-controlling interest
Other comprehensive results corresponding to non-controlling interest

(1) These concepts will be applicable under an inflationary economic environment based on what is established in Financial Information Standard B-10 Effects of Inflation, issued by the Mexican Council of Financial Information Standards, A.C.

Collective Financing Institutions
Series R12 Consolidation
Report A-12202 Consolidation of the comprehensive income statement of the collective financing institution with its subsidiaries Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos

Concept	Comprehensive income statement of the collective financing institution	Comprehensive income statement of the subsidiary	Comprehensive income statement of the subsidiary	Comprehensive income statement of the subsidiary	Sum of the comprehensive income statements of its subsidiaries	Sum of the comprehensive income statement of the collective financing institution and its subsidiaries	Eliminations	Consolidated comprehensive income statement of the collective financing institution with its subsidiaries
Debit	Credit	F=C+D-E
A	(i)	(ii)	(n)	B= i+ii+n	C=A+B	D	E	F=C-D+E
Charged commissions
Account opening fee
Borne by the applicant
Borne by the investor
Administration fee
Borne by the applicant
Borne by the investor
Custody fee
Borne by the applicant
Borne by the investor
Sale and purchase of financial instruments
Sale and purchase of virtual assets
Other charged commissions
Increase due to updating charged commissions (1)
Paid commissions
Received loans
Debt placement
Sale and purchase of virtual assets
Fund transfer
Other paid commissions
Increase due to updating paid commissions (1)
RESULT FROM SERVICES
Interest income
Interest on cash and cash equivalents
Banks
Own resources
Client resources
Highly liquid financial instruments
Restricted or pledged cash and cash equivalents
Interest and yields in favor from margin accounts
Cash
Financial instruments
Other assets
Interest and yields in favor from investments in financial instruments
For negotiable financial instruments
For financial instruments to collect or sell
For financial instruments to collect principal and interest (bonds)
Interest and yields in favor from collateral in OTC operations
Cash
Financial instruments
Other assets
Interest and yields in favor from repo operations
Income from negotiable financial derivative instruments
Income from hedging operations
Premiums from debt placement
Stock exchange liabilities
Financial instruments qualifying as liability
Dividends from instruments qualifying as equity financial instruments
Gain from valuation
Gain from valuation changes
Valuation of indexed instruments
Valuation of UDIS items
Valuation of UMA items
Increase due to updating interest income (1)
Interest expenses
Interest, transaction costs and discounts borne for issuance of financial instruments qualifying as liability
Subordinated obligations
Of mandatory conversion
Of conversion by holder decision
Of conversion by issuer entity decision
Non-convertible
Other issued titles
Interest on bank and other organism loans
Interest and yields borne from collateral in OTC operations
Premiums paid for early redemption of financial instruments qualifying as liability
Expenses from negotiable financial derivative instruments
Expenses from hedging operations
Loss from valuation
Loss from valuation changes
Valuation of indexed instruments
Valuation of UDIS items
Valuation of UMA items
Interest on lease liabilities
Increase due to updating interest expenses (1)
Net monetary position result (financial margin) (1)
Net monetary position result from positions generating financial margin (debit balance)
Net monetary position result from positions generating financial margin (credit balance)
Increase due to updating net monetary position result (financial margin) (1)
FINANCIAL MARGIN
Result from intermediation
Result from fair value valuation of financial instruments
Negotiable financial instruments
Financial derivative instruments for trading purposes
Valuation
Credit risk adjustment
Financial derivative instruments for hedging purposes
Valuation
Credit risk adjustment
Valuation of the hedged item
Sold collateral
Estimate of expected credit losses for investments in financial instruments
Financial instruments to collect or sell
Financial instruments to collect principal and interest (bonds)
Result from foreign currency valuation
Result from virtual asset valuation
Result from sale and purchase of financial instruments and financial derivative instruments
Negotiable financial instruments
Financial instruments to collect or sell
Financial instruments to collect principal and interest (bonds)
Financial derivative instruments for trading purposes
Financial derivative instruments for hedging purposes
Result from sale and purchase of virtual assets
Result from sale and purchase of foreign currencies
Result from sale and purchase of received collateral
Transaction costs
For sale and purchase of negotiable financial instruments
For sale and purchase of financial derivative instruments
For virtual assets
Other financial results
Increase due to updating result from intermediation (1)
Other operating income (expenses)
Costs and expenses incurred in collection management
Commissions in collection management
Recoveries
Taxes
Excess in benefits to receive in securitization operations
Other recoveries
Provisions for estimate of expected credit losses
Losses
Labor relations and job security
Fraud
Natural disasters and other events
Business incidents and system failures
Other losses
Donations
Loss in custody and administration of assets
Loss from impairment or effect of reversal of impairment of other long-term assets held for sale
Interest borne in financing for acquisition of assets
Result in sale of properties, furniture and equipment
Cancellation of other liability accounts
Interest in favor from loans to officials and employees
Rental income
Result from valuation of benefits to receive in securitization operations
Result from valuation of asset for administration of transferred financial assets
Result from valuation of liability for administration of transferred financial assets
Result in benefits to receive in securitization operations
Other items of operating income (expenses)
Monetary position result originated by items not related to financial margin (1)
Result from valuation of items not related to financial margin
Increase due to updating other operating income (expenses) (1)
Administration and promotion expenses
Short-term direct benefits
Workers' participation in profits
Workers' participation in profits caused
Other short-term direct benefits
Net period cost derived from long-term employee benefits
Long-term direct benefits
Deferred workers' participation in profits
Estimate for non-recoverable deferred PTU
Post-employment benefits
Pensions
Seniority premium
Other post-employment benefits
Termination benefits
Termination benefits for reasons other than restructuring
Termination benefits due to restructuring
Fees
Rents
Insurance and bonds
Promotion and advertising expenses
Taxes and various duties
Non-deductible expenses
Technology expenses
Depreciations
Of the period
For assets by right of use of properties, furniture and equipment
Amortizations
Of the period
For assets by right of use of intangible assets
Loss from impairment or effect of reversal of impairment of real estate and other assets in use
CNBV inspection and surveillance fees
Maintenance expenses
Other administration and promotion expenses
Increase due to updating administration and promotion expenses (1)
OPERATING RESULT
Participation in the net result of other entities
Result of the exercise of non-consolidated subsidiaries, associates and joint ventures
In non-consolidated subsidiaries
Belonging to the financial sector
Not belonging to the financial sector
In associates
Belonging to the financial sector
Not belonging to the financial sector
In joint ventures
Belonging to the financial sector
Not belonging to the financial sector
Dividends from permanent investments
Valuation of available-for-sale permanent investments
Adjustments associated with other permanent investments
Impairment or effect of reversal of impairment of permanent investments
Increase due to updating participation in the net result of other entities (1)
RESULT BEFORE TAXES ON PROFIT
Taxes on profit
Taxes on profit incurred
Deferred taxes on profit
Temporary differences
Fiscal losses
Tax credits
Estimate for non-recoverable taxes on profit
Temporary differences
Fiscal losses
Tax credits
Increase due to updating taxes on profit (1)
RESULT OF CONTINUING OPERATIONS
Discontinued operations
Discontinued operations
Increase due to updating discontinued operations (1)
NET RESULT
Other comprehensive results
Valuation of financial instruments to collect or sell
Period effect
Valuation
Effect of taxes on profit and PTU deferred
Estimate for non-recoverable taxes on profit and PTU deferred
Increase due to updating valuation of financial instruments to collect or sell (1)
Valuation of financial derivative instruments for cash flow hedging
Period effect
Valuation
Effect of taxes on profit and PTU deferred
Estimate for non-recoverable taxes on profit and PTU deferred
Increase due to updating valuation of financial derivative instruments for cash flow hedging (1)
Income and expenses related to assets held for disposal
Period effect
Result
Effect of taxes on profit and PTU deferred
Estimate for non-recoverable taxes on profit and PTU deferred
Increase due to updating Income and expenses related to assets held for disposal (1)
Remeasurement of defined benefits to employees
Period effect
Valuation
Effect of taxes on profit and PTU deferred
Estimate for non-recoverable taxes on profit and PTU deferred
Increase due to updating remeasurement of defined benefits to employees (1)

Collective Financing Institutions
Series R12 Consolidation
Report A-12202 Consolidation of the comprehensive income statement of the collective financing institution with its subsidiaries Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept Comprehensive income statement of the collective financing institution Comprehensive income statement of the subsidiary Comprehensive income statement of the subsidiary Comprehensive income statement of the subsidiary Sum of the comprehensive income statements of its subsidiaries Sum of the comprehensive income statement of the collective financing institution and its subsidiaries Eliminations Comprehensive income statement of the collective financing institution consolidated with its subsidiaries Debit Credit F=C+D-E A (i) (ii) (n) B= i+ii+n C=A+B D E F=C-D+E Accumulated effect from conversion Period effect Valuation Effect of taxes on profit and PTU deferred Estimation for non-recoverable taxes on profit and PTU deferred Increase due to updating the accumulated effect from conversion (1) Participation in OCI of other entities Period effect Valuation Effect of taxes on profit and PTU deferred Estimation for non-recoverable taxes on profit and PTU deferred Increase due to updating participation in OCI of other entities (1) COMPREHENSIVE INCOME Net result attributable to Controlling interest Non-controlling interest Comprehensive result attributable to Controlling interest Non-controlling interest BASIC EARNINGS PER ORDINARY SHARE Collective Financing Institutions (1) These concepts will be applicable under an inflationary economic environment based on what is established in Financial Information Standard B-10 Effects of Inflation, issued by the Mexican Council of Financial Reporting Standards, A.C.

246 OFFICIAL GAZETTE Friday January 20 2023
SERIES R13 FINANCIAL STATEMENTS
This series is composed of four (4) reports, whose frequency of preparation and presentation must be monthly for reports R13 B-13212 Statement of Financial Position and R13 B-13222 Statement of Comprehensive Income, and quarterly for reports R13 A-13112 Statement of Changes in Equity and R13 A-13162 Statement of Cash Flows. REPORTS A-13112 Statement of Changes in Equity The Statement of Changes in Equity aims to present information about changes in the investment of the owners of the Collective Financing Institution during the accounting period. It must show the reconciliation between initial and final balances of the period of each item that forms part of equity. In this report, balances of all equity concepts of the Collective Financing Institution are requested, showing movements occurred in the period being reported. The movements refer to increases or decreases in equity originated by owner movements, reserve movements and comprehensive income. A-13162 Statement of Cash Flows The Statement of Cash Flows has as its main objective to provide information about changes in resources and sources of financing during the accounting period. The changes refer to differences classified according to resources generated or used by operations, by financing activities and by investing activities. Likewise, the increase or decrease in cash and equivalents in the period must be reflected. B-13212 Statement of Financial Position The Statement of Financial Position aims to present the value of goods and rights, of real obligations, direct or contingent, as well as of equity of the Collective Financing Institution at a specific date. The Statement of Financial Position, therefore, must adequately show on consistent bases, the position of the Collective Financing Institution regarding its assets, liabilities, equity and off-balance sheet accounts, so that the economic resources available to the institution can be evaluated, as well as its financial structure. Additionally, the Statement of Financial Position must fulfill the objective of being a useful tool for analysis. B-13222 Statement of Comprehensive Income The Statement of Comprehensive Income aims to show information related to the result of its operations in equity and, consequently, of income and expenses and other comprehensive results (OCI) and comprehensive income. In this report, relevant information about operations carried out by the Collective Financing Institution is requested and it must fulfill the objective of being a useful tool for analysis.

Friday January 20 2023 OFFICIAL GAZETTE 247
For filling out reports A-13112, A-13162, B-13212 and B-13222, the following aspects must be taken into consideration:
Data referring to balances must be presented in national currency, foreign currency, UMA and UDIS valued in pesos and foreign currency valued in pesos using the exchange rate indicated in the current accounting criteria. These amounts and balances must be presented in pesos, with four decimals, and without commas. For example: $20,585.7000 would be 20585.7000. CAPTURE FORMAT Collective Financing Institutions will carry out the sending of information related to reports A-13112 Statement of Changes in Equity and A-13162 Statement of Cash Flows, described above, by using the following capture format:
REQUESTED INFORMATION
Statement of Changes in Equity and Statement of Cash Flows
SECTION REPORT IDENTIFIER
PERIOD START
PERIOD END
INSTITUTION KEY
REPORT
FINANCIAL INFORMATION SECTION
CONCEPT
BALANCE TYPE
DATA
Collective Financing Institutions will carry out the sending of information related to reports B-13212 Statement of Financial Position and B 13222 Statement of Comprehensive Income, described above, by using the following capture format:
REQUESTED INFORMATION
Statement of Financial Position and Statement of Comprehensive Income
SECTION REPORT IDENTIFIER
PERIOD START
PERIOD END
INSTITUTION KEY
REPORT
FINANCIAL INFORMATION SECTION
CONCEPT
DATA
Collective Financing Institutions will report the information indicated in this series, which must comply with the validations and quality standards indicated by the National Banking and Securities Commission (Commission), adjusting to the characteristics and specifications. Once the validations and quality standards are met, SITI will generate an electronic receipt. The information must be sent only once and will be received assuming it meets all the characteristics and specifications, for which reason it cannot be modified and must present consistency with the different reports in which the same information is included with a different level of integration, therefore, if it does not meet the required quality and characteristics or has been presented incompletely, it will be considered as unfulfilled the obligation of its presentation and, consequently, the corresponding sanctions will be imposed in accordance with the applicable legal provisions.

Collective Financing Institutions
Series R13 Financial Statements
Report A-13112 Statement of Changes in Equity
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept Contributed capital Earned capital Balance at ___ of _________ of ___ Retrospective adjustments for accounting changes Retrospective adjustments for error corrections Balance at ___ of _______ of ___ adjusted OWNER MOVEMENTS Capital contributions Capital refunds Decree of dividends Capitalization of other equity concepts Changes in controlling interest that do not imply loss of control Total RESERVE MOVEMENTS Capital reserves (1) COMPREHENSIVE INCOME:
Net result
Other comprehensive results
Valuation of financial instruments to collect or sell Valuation of hedging derivative financial instruments Income and expenses related to assets held for disposal Remeasurement of defined employee benefits Accumulated effect from conversion Participation in OCI of other entities Total Balance at ___ of __________ of ___ Collective Financing Institutions (1) These concepts will be applicable under an inflationary economic environment based on what is established in Financial Information Standard B-10 Effects of Inflation, issued by the Mexican Council of Financial Reporting Standards, A.C. (CINIF).

Friday January 20 2023 OFFICIAL GAZETTE 249
Collective Financing Institutions
Series R13 Financial Statements
Report A-13162 Statement of Cash Flows
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept Amount Operating Activities Result before taxes on profit Adjustments for items associated with investing activities:
Depreciation of properties, furniture and equipment Amortization of intangible assets Losses or reversal of losses for impairment of long-term assets Participation in the net result of other entities Other adjustments for items associated with investing activities Discontinued operations Long-term assets held for sale or for distribution to owners Adjustments for items associated with financing activities Interest associated with bank loans and other organisms Interest associated with financial instruments qualifying as liability Interest associated with financial instruments qualifying as equity Other interests Changes in operating items Changes in bank loans and other organisms Change in margin accounts (derivative financial instruments) Change in investments in financial instruments (securities) (net) Change in repo debtors (net) Change in derivative financial instruments (asset) Change in benefits to receive in securitization operations Change in virtual assets Change in accounts receivable (net) Change in other operating assets (net) Change in bond liabilities Change in collateral sold or pledged Change in derivative financial instruments (liability) Change in obligations in securitization operations Change in other operating liabilities Change in hedging derivative financial instruments (for covered items related to operating activities) Change in assets/liabilities for employee benefits Change in other accounts payable Change in other provisions Tax refunds on profit Tax payments on profit Net cash flows from operating activities Investing Activities Payments for long-term financial instruments Collections from long-term financial instruments Payments for acquisition of properties, furniture and equipment Collections from disposal of properties, furniture and equipment

250 OFFICIAL GAZETTE Friday January 20 2023
Collective Financing Institutions
Series R13 Financial Statements
Report A-13162 Statement of Cash Flows
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept Amount Payments for discontinued operations Collections from discontinued operations Payments for acquisition of subsidiaries Collections from disposal of subsidiaries Payments for acquisition of associates, joint ventures and other permanent investments Collections from disposal of associates, joint ventures and other permanent investments Collections of cash dividends from permanent investments Payments for acquisition of intangible assets Collections from disposal of intangible assets Collections associated with hedging derivative financial instruments (for covered items related to investing activities) Payments associated with hedging derivative financial instruments (for covered items related to investing activities) Other collections from investing activities Other payments for investing activities Net cash flows from investing activities Financing Activities Collections from obtaining bank loans and other organisms Payments of bank loans and other organisms Payments for lease liability Collections from issuance of shares Payments for refunds of social capital Collections from issuance of financial instruments qualifying as equity Payments associated with financial instruments qualifying as equity Payments of cash dividends Payments associated with repurchase of own shares Collections from issuance of financial instruments qualifying as liability Payments associated with financial instruments qualifying as liability Payments for interest on lease liability Collections associated with hedging derivative financial instruments (for covered items related to financing activities) Payments associated with hedging derivative financial instruments (for covered items related to financing activities) Other collections from financing activities Other payments for financing activities Net cash flows from financing activities Net increase or decrease in cash and cash equivalents Effects from changes in the value of cash and cash equivalents Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period Collective Financing Institutions

Friday January 20 2023 OFFICIAL GAZETTE 251
Collective Financing Institutions
Series R13 Financial Statements
Report B-13212 Statement of Financial Position Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept Amount OFF-BALANCE SHEET ACCOUNTS Operations on behalf of clients Clients current accounts Applicant deposits Debt Equity Co-ownership or royalties Investor deposits Other current accounts Custody operations Client virtual assets Client financial instruments received in custody Other custody operations Administration operations Client virtual assets Client financial instruments received in administration Collateral received as guarantee on behalf of applicants Collateral delivered as guarantee on behalf of clients Operations for purchase of financial instruments Operations for sale of financial instruments Assets in mandate Other administration operations Operations on own account Contingent assets and liabilities Collateral received by the entity Cash administered in trust Government debt Bank debt Other debt securities Equity financial instruments Others Collateral received and sold or pledged by the entity Government debt Bank debt Other debt securities Equity financial instruments Others Other registration accounts ASSET Cash and cash equivalents Margin accounts (derivative financial instruments) Investments in financial instruments Negotiable financial instruments Financial instruments to collect or sell Financial instruments to collect principal and interest (securities)(net)

252 OFFICIAL GAZETTE Friday January 20 2023
Collective Financing Institutions
Series R13 Financial Statements
Report B-13212 Statement of Financial Position Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept Amount Repo debtors Derivative financial instruments For trading purposes For hedging purposes Valuation adjustments for asset hedge coverage Virtual assets Benefits to receive in securitization operations Accounts receivable (net) Long-term assets held for sale or for distribution to owners Assets related to discontinued operations Prepayments and other assets Properties, furniture and equipment (net) Right-of-use assets for properties, furniture and equipment (net) Permanent investments Deferred tax asset Intangible assets (net) Right-of-use assets for intangible assets (net) Goodwill LIABILITY Bond liabilities Bank loans and other organisms Short-term Long-term Obligation to return client deposits invested in repo Collateral sold or pledged Repos Derivative financial instruments Other collateral sold Derivative financial instruments For trading purposes For hedging purposes Valuation adjustments for liability hedge coverage Obligations in securitization operations Lease liability Other accounts payable Creditors for liquidation of operations Creditors for margin accounts Creditors for cash collateral received Contributions to pay Various creditors and other accounts payable Liabilities related to groups of assets held for sale Liabilities related to discontinued operations Financial instruments qualifying as liability Subordinated obligations in circulation Contributions for future capital increases pending formalization by its shareholders' assembly Others

Friday January 20 2023 OFFICIAL GAZETTE 253
Collective Financing Institutions
Series R13 Financial Statements
Report B-13212 Statement of Financial Position Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept Amount Obligations associated with the withdrawal of components of properties, furniture and equipment Tax liability on profit Employee benefits liability Deferred credits and advance collections EQUITY Controlling interest Contributed capital Social capital Unissued social capital Increase due to updating paid social capital (1) Contributions for future capital increases formalized by its shareholders' assembly Increase due to updating contributions for future capital increases formalized by its shareholders' assembly (1) Share premium Increase due to updating share premium (1) Financial instruments qualifying as equity Increase due to updating financial instruments qualifying as equity (1) Earned capital Capital reserves Increase due to updating capital reserves (1) Accumulated results Result of prior periods Increase due to updating result of prior periods (1) Net result Other comprehensive results Valuation of financial instruments to collect or sell Increase due to updating valuation of financial instruments to collect or sell (1) Valuation of hedging derivative financial instruments Increase due to updating valuation of hedging derivative financial instruments (1) Income and expenses related to assets held for disposal Increase due to updating income and expenses related to assets held for disposal (1) Remeasurement of defined employee benefits Increase due to updating remeasurement of defined employee benefits (1) Accumulated effect from conversion Increase due to updating accumulated effect from conversion (1) Participation in OCI of other entities Increase due to updating participation in OCI of other entities (1) Non-controlling interest Net result corresponding to non-controlling interest Other non-controlling interest Other comprehensive results corresponding to non-controlling interest Collective Financing Institutions (1) These concepts will be applicable under an inflationary economic environment based on what is established in the Financial Information Standard B-10 Effects of Inflation, issued by the Mexican Council of Financial Reporting Standards, A.C.

254 OFFICIAL GAZETTE Friday January 20 2023
Collective Financing Institutions
Series R13 Financial Statements
Report B-13222 Statement of Comprehensive Income Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept Amount Charges collected Charges paid RESULT FROM SERVICES Interest income Interest expense Net monetary position result (financial margin) (1) FINANCIAL MARGIN Intermediation result Other operating income (expenses) Administrative and promotional expenses OPERATING RESULT Participation in the net result of other entities RESULT BEFORE TAXES ON PROFIT Taxes on profit RESULT OF CONTINUOUS OPERATIONS Discontinued operations NET RESULT Other comprehensive results Participation in OCI of other entities COMPREHENSIVE INCOME Net result attributable to Controlling interest Non-controlling interest Comprehensive result attributable to Controlling interest Non-controlling interest BASIC EARNINGS PER ORDINARY SHARE Collective Financing Institutions (1) These concepts will be applicable under an inflationary economic environment based on what is established in the Financial Information Standard B-10 Effects of Inflation, issued by the Mexican Council of Financial Reporting Standards, A.C.

Friday, January 20, 2023 OFFICIAL GAZETTE 255
SERIES R27 CLAIMS
This series consists of one (1) report, whose frequency of preparation and submission must be quarterly.
REPORT
A-2702 Claims
This report collects information regarding claims related to crowdfunding operations carried out by the Clients of Collective Financing Institutions. Additionally, this report considers information regarding the management data of said claims. CAPTURE FORMAT Collective Financing Institutions will carry out the submission of information related to report R27 A-2702 Claims, by using the following capture format:
REQUESTED INFORMATION
REPORT IDENTIFIER SECTION
PERIOD START
PERIOD END
INSTITUTION KEY
CLAIM IDENTIFICATION SECTION
CLAIM FOLIO
CLAIM STATUS
STATUS UPDATE DATE
CLIENT IDENTIFICATION SECTION
CLIENT TYPE
CLIENT IDENTIFIER
FINANCING IDENTIFIER
CLAIM DETAIL SECTION
CLAIM DATE
CLAIM RECEIPT CHANNEL
CLAIM TYPE
CLAIM REASON
CLAIM DESCRIPTION
DETAIL OF THE EVENT ORIGINATING THE CLAIM SECTION EVENT DATE EVENT OBJECT CHANNEL IN WHICH THE UNRECOGNIZED OPERATION WAS CARRIED OUT AMOUNT VALUED IN NATIONAL CURRENCY RESOLUTION DETAIL SECTION RESOLUTION DATE DIRECTION OF THE RESOLUTION AMOUNT CREDITED TO THE CLIENT'S ACCOUNT AT THE INSTITUTION DATE OF CREDIT TO THE CLIENT'S ACCOUNT AT THE INSTITUTION IDENTIFIER OF THE INSTITUTION'S ACCOUNT OR TRUST AMOUNT RECOVERED DATE OF RECOVERY OF RESOURCES IDENTIFIER OF THE INSTITUTION'S ACCOUNT OR TRUST WHERE THE RECOVERED AMOUNT IS RECEIVED LOSS FOR THE INSTITUTION Collective Financing Institutions will report the information indicated in this series, which must comply with the validations and quality standards indicated by the National Banking and Securities Commission (Commission), adjusting to the characteristics and specifications. Once the validations and quality standards are met, the SITI will generate an electronic receipt acknowledgment. The information must be sent only once and will be received assuming it meets all characteristics and specifications, by virtue of which it cannot be modified and must present consistency with the various reports in which the same information is included at a different level of integration; therefore, if it does not meet the required quality and characteristics or has been presented incompletely, the obligation of its presentation will be considered unfulfilled, and consequently, the corresponding sanctions will be imposed in accordance with the applicable legal provisions.

256 OFFICIAL GAZETTE Friday, January 20, 2023
ANNEX 19
REGULATORY REPORTS OF ELECTRONIC PAYMENT FUND INSTITUTIONS (IFPE) Periodicity Series R01 Minimum Catalog A-0111 Minimum Catalog Monthly Series R08 Bank and other organism loans D-0843 Disaggregated loans obtained Monthly Series R10 Reclassifications A-10111 Reclassifications in the statement of financial position Monthly A-10121 Reclassifications in the statement of comprehensive income Monthly Series R13 Financial Statements A-13111 Statement of changes in equity Quarterly A-13161 Statement of cash flows Quarterly B-13211 Statement of financial position Monthly B-13221 Statement of comprehensive income Monthly Series R26 Broker information A-2610 Additions and deletions of broker administrators Monthly A-2611 Disaggregated additions and deletions of brokers Monthly B-2612 Disaggregated additions and deletions of broker modules or establishments Monthly C-2613 Disaggregated monitoring of broker operations Monthly Series R27 Claims A-2701 Claims Quarterly

Friday, January 20, 2023 OFFICIAL GAZETTE 257
SERIES R01 MINIMUM CATALOG
This series is integrated by one (1) report, whose frequency of preparation and submission must be monthly.
REPORT
A-0111 Minimum Catalog
This report requests the closing balances for the period of all concepts that form part of the statement of financial position (including off-balance sheet accounts) and the statement of comprehensive income of the Electronic Payment Fund Institution. The report is requested in two subtotals:
National currency, UMA and UDIS valued in pesos.
Foreign currency valued in pesos.
For the completion of report A-0111, the following aspects must be considered:
The report must present the balances of the Electronic Payment Fund Institution on a non-consolidated basis.
The balances of all concepts presented in series R01 Minimum Catalog must be consistent with those reported in the applicable regulatory reports. For the case of minimum catalog concepts denominated in national currency, UMA and UDIS valued in pesos, these concepts must coincide with the sum of the concepts provided in the regulatory reports in national currency, UMA and UDIS valued in pesos; while the concepts denominated in foreign currency valued in pesos must coincide with the concepts provided in the other regulatory reports in foreign currency valued in pesos. The data referring to balances must be presented in national currency, foreign currency, UMA and UDIS valued in pesos, and foreign currency valued in pesos using the exchange rate indicated in the current accounting criteria. Such balances must be presented in pesos, with four decimal places and without commas. For example: $20,585.7000 would be 20585.7000 CAPTURE FORMAT Electronic Payment Fund Institutions will carry out the submission of information related to report A-0111 Minimum Catalog described above, by using the following capture format:
REQUESTED INFORMATION
REPORT IDENTIFIER SECTION
PERIOD START
PERIOD END
INSTITUTION KEY
FINANCIAL INFORMATION SECTION
CONCEPT
CURRENCY
DATA
Electronic Payment Fund Institutions will report the information indicated in this series, which must comply with the validations and quality standards indicated by the National Banking and Securities Commission (Commission), adjusting to the characteristics and specifications. Once the validations and quality standards are met, the SITI will generate an electronic receipt acknowledgment. The information must be sent only once and will be received assuming it meets all characteristics and specifications, by virtue of which it cannot be modified and must present consistency with the various reports in which the same information is included at a different level of integration; therefore, if it does not meet the required quality and characteristics or has been presented incompletely, the obligation of its presentation will be considered unfulfilled, and consequently, the corresponding sanctions will be imposed in accordance with the applicable legal provisions.

258 OFFICIAL GAZETTE Friday, January 20, 2023
Electronic Payment Fund Institutions
Series R01 Minimum Catalog
Report A-0111 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept National currency, UMA and UDIS valued Foreign currency valued ASSETS Cash and cash equivalents Cash Banks Deposits in financial entities Currencies to be delivered Immediate collection documents Highly liquid financial instruments Restricted or pledged cash and cash equivalents Electronic payment funds Currencies to be received Others Others Margin accounts (derivative financial instruments) Cash Investments in financial instruments Other assets Investments in financial instruments Negotiable financial instruments Unrestricted negotiable financial instruments Government debt In position To be delivered Bank debt In position To be delivered Other debt securities In position To be delivered Equity financial instruments In position To be delivered Restricted or pledged negotiable financial instruments Government debt In position To be received Bank debt In position To be received Other debt securities In position To be received Equity financial instruments In position To be received

Friday, January 20, 2023 OFFICIAL GAZETTE 259
Electronic Payment Fund Institutions
Series R01 Minimum Catalog
Report A-0111 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept National currency, UMA and UDIS valued Foreign currency valued Financial instruments to collect or sell Unrestricted financial instruments to collect or sell Government debt In position To be delivered Bank debt In position To be delivered Other debt securities In position To be delivered Restricted or pledged financial instruments to collect or sell Government debt In position To be received Bank debt In position To be received Other debt securities In position To be received Financial instruments to collect principal and interest (bonds) Unrestricted financial instruments to collect principal and interest Government debt In position To be delivered Bank debt In position To be delivered Other debt securities In position To be delivered Restricted or pledged financial instruments to collect principal and interest Government debt In position To be received Bank debt In position To be received Other debt securities In position To be received Estimate of expected credit losses for investments in financial instruments to collect principal and interest (bonds)

260 OFFICIAL GAZETTE Friday, January 20, 2023
Electronic Payment Fund Institutions
Series R01 Minimum Catalog
Report A-0111 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept National currency, UMA and UDIS valued Foreign currency valued Unrestricted financial instruments to collect principal and interest Government debt In position To be delivered Bank debt In position To be delivered Other debt securities In position To be delivered Restricted or pledged financial instruments to collect principal and interest Government debt In position To be received Bank debt In position To be received Other debt securities In position To be received Repo debtors Derivative financial instruments For trading purposes Futures to be received Forward contracts to be received Valuation Credit risk adjustment Options Valuation Credit risk adjustment Swaps Valuation Credit risk adjustment Credit derivative financial instruments Valuation Credit risk adjustment Structured operations Valuation Credit risk adjustment Derivative financial instrument packages Valuation Credit risk adjustment Counterparty credit risk adjustment

Friday, January 20, 2023 OFFICIAL GAZETTE 261
Electronic Payment Fund Institutions
Series R01 Minimum Catalog
Report A-0111 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept National currency, UMA and UDIS valued Foreign currency valued For hedging purposes Futures to be received Valuation Valuation of the hedged item Forward contracts to be received Valuation Valuation of the hedged item Credit risk adjustment Options Valuation Valuation of the hedged item Credit risk adjustment Swaps Valuation Valuation of the hedged item Credit risk adjustment Credit derivative financial instruments Valuation Valuation of the hedged item Credit risk adjustment Structured operations Valuation Valuation of the hedged item Credit risk adjustment Derivative financial instrument packages Valuation Valuation of the hedged item Credit risk adjustment Counterparty credit risk adjustment Valuation adjustments for financial asset hedges Virtual assets Restricted virtual assets Unrestricted virtual assets Benefits to be received in securitization operations Benefits on the remainder in securitization operations Asset for administration of transferred financial assets Accounts receivable Debtors from settlement of operations Foreign exchange sales and purchases Investments in financial instruments Repos Derivative financial instruments

262 OFFICIAL GAZETTE Friday, January 20, 2023
Electronic Payment Fund Institutions
Series R01 Minimum Catalog
Report A-0111 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept National currency, UMA and UDIS valued Foreign currency valued From issuance of securities Virtual assets Overdrafts in accounts derived from the transmission of electronic payment funds Debtors from margin accounts Debtors from cash collateral granted Operations with financial instruments Operations not carried out in recognized markets (OTC) Others Other debtors Premiums, commissions and rights to be received Loans and other debts from personnel Overdue debts Other debtors Taxes to be recovered Conditional accounts receivable Other accounts receivable Estimate of expected credit losses Other debtors Conditional accounts receivable Other accounts receivable Long-term assets held for sale or for distribution to owners Assets related to discontinued operations Prepayments and other assets Deferred charges Insurance to be amortized Other deferred charges Prepayments Interest paid in advance Commissions paid in advance Advance or provisional tax payments Rent paid in advance Other prepayments Security deposits Employee benefits assets Plan assets to cover employee benefits Long-term direct benefits Post-employment benefits Pensions Seniority premium Other post-employment benefits Deferred employee participation in profits (in favor) Estimate for non-recoverable deferred PTU Other short and long-term assets

Friday, January 20, 2023 OFFICIAL GAZETTE 263
Electronic Payment Fund Institutions
Series R01 Minimum Catalog
Report A-0111 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept National currency, UMA and UDIS valued Foreign currency valued Properties, furniture and equipment Properties, furniture and equipment Land Buildings Construction in progress Transport equipment Computer equipment Furniture Adaptations and improvements Other properties, furniture and equipment Revaluation of properties, furniture and equipment (1) Land Buildings Construction in progress Transport equipment Computer equipment Furniture Adaptations and improvements Other revaluations of properties, furniture and equipment Accumulated depreciation of properties, furniture and equipment Accumulated depreciation of properties, furniture and equipment Buildings Transport equipment Computer equipment Furniture Adaptations and improvements Other accumulated depreciations of properties, furniture and equipment Revaluation of accumulated depreciation of properties, furniture and equipment (1) Buildings Transport equipment Computer equipment Furniture Adaptations and improvements Other revaluations of accumulated depreciation of properties, furniture and equipment Right-of-use assets for properties, furniture and equipment Land Buildings Transport equipment Computer equipment Furniture Other properties, furniture and equipment

264 OFFICIAL GAZETTE Friday, January 20, 2023
Electronic Payment Fund Institutions
Series R01 Minimum Catalog
Report A-0111 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept National currency, UMA and UDIS valued Foreign currency valued Depreciation of right-of-use assets for properties, furniture and equipment Buildings Transport equipment Computer equipment Furniture Other properties, furniture and equipment Deferred income tax asset Deferred income taxes (in favor) Temporary differences Tax losses Tax credits Estimate for non-recoverable deferred income taxes Temporary differences Tax losses Tax credits Intangible assets Intangible assets Revaluation of intangible assets (1) Accumulated amortization of intangible assets Accumulated amortization of intangible assets Revaluation of accumulated amortization of intangible assets (1) Right-of-use assets for intangible assets Amortization of right-of-use assets for intangible assets LIABILITIES Issued electronic payment funds Securities liabilities Securities certificates Nominal value and interest Transaction costs Placement premium or discount Others Nominal value and interest Transaction costs Placement premium or discount Bank and other organism loans Short-term Loans from multiple banking institutions Loans from foreign banks Loans from development banking institutions Loans from public trusts Loans from other organisms

Friday, January 20, 2023 OFFICIAL GAZETTE 265
Electronic Payment Fund Institutions
Series R01 Minimum Catalog
Report A-0111 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept National currency, UMA and UDIS valued Foreign currency valued Long-term Loans from multiple banking institutions Loans from foreign banks Loans from development banking institutions Loans from public trusts Loans from other organisms Collateral sold or pledged Repos Obligation of the repo seller to return collateral to the repo buyer Sold collateral Government debt Bank debt Other debt securities Pledged collateral Derivative financial instruments Sold collateral Government debt Bank debt Other debt securities Equity financial instruments Others Other sold collateral Derivative financial instruments For trading purposes Futures to be delivered Forward contracts to be delivered Valuation Credit risk adjustment Options Valuation Credit risk adjustment Swaps Valuation Credit risk adjustment Credit derivative financial instruments Valuation Credit risk adjustment Structured operations Valuation Credit risk adjustment Derivative financial instrument packages Valuation Credit risk adjustment Counterparty credit risk adjustment

266 OFFICIAL GAZETTE Friday, January 20, 2023
Electronic Payment Fund Institutions
Series R01 Minimum Catalog
Report A-0111 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept National currency, UMA and UDIS valued Foreign currency valued For hedging purposes Futures to be delivered Valuation Valuation of the hedged item Forward contracts to be delivered Valuation Valuation of the hedged item Credit risk adjustment Options Valuation Valuation of the hedged item Credit risk adjustment Swaps Valuation Valuation of the hedged item Credit risk adjustment Credit derivative financial instruments Valuation Valuation of the hedged item Credit risk adjustment Structured operations Valuation Valuation of the hedged item Credit risk adjustment Derivative financial instrument packages Valuation Valuation of the hedged item Credit risk adjustment Counterparty credit risk adjustment Valuation adjustments for financial liability hedges Obligations in securitization operations Liability for administration of transferred financial assets Lease liability Other accounts payable Creditors from settlement of operations Foreign exchange sales and purchases Investments in financial instruments Repos Derivative financial instruments Virtual assets

Friday, January 20, 2023 OFFICIAL GAZETTE 267
Electronic Payment Fund Institutions
Series R01 Minimum Catalog
Report A-0111 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept National currency, UMA and UDIS valued Foreign currency valued Creditors from margin accounts Creditors from cash collateral received Operations with financial instruments Operations not carried out in recognized markets (OTC) Others Contributions to be paid Value added tax Other taxes and duties to be paid Taxes and social security contributions withheld for payment Global account of electronic payment funds Other creditors and accounts payable Commissions to be paid on ongoing operations Creditors for acquisition of assets Dividends to be paid Creditors for maintenance services Provisions for various obligations Fees and rents Promotion and advertising expenses Technology expenses Ordered by CONDUSEF Other provisions Other miscellaneous creditors Liabilities related to groups of assets held for sale Liabilities related to discontinued operations Financial instruments qualifying as liabilities Subordinated obligations in circulation Mandatory conversion Nominal value and interest Transaction costs Placement premium or discount Conversion at holder's decision Nominal value and interest Transaction costs Placement premium or discount Conversion at issuer's decision Nominal value and interest Transaction costs Placement premium or discount Non-convertible Nominal value and interest Transaction costs Placement premium or discount Contributions for future capital increases pending formalization by shareholders' meeting Others

268 OFFICIAL GAZETTE Friday January 20, 2023

Electronic Payment Fund Institutions
Series R01 Minimum Catalog
Report A-0111 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos

Figures in pesos

Concept
National currency, UMA and UDIS valued
Foreign currency valued

Obligations associated with the withdrawal of components of properties, furniture and equipment Liability for income tax Taxes incurred Income taxes (provision) Income taxes (adjustment for definitive tax) Deferred taxes Temporary differences

Liability for employee benefits
Short-term direct benefits
Long-term direct benefits
Post-employment benefits
Pensions
Seniority premium
Other post-employment benefits
Termination benefits
Termination benefits for reasons other than restructuring Termination benefits due to restructuring Workers' participation in profits incurred Deferred workers' participation in profits

Deferred credits and advance receipts
Deferred credits
Other income to apply
Other deferred credits
Advance receipts
Commissions collected in advance
Advance receipts of goods promised for sale or with reservation of ownership Other advance receipts

ACCOUNTING EQUITY
Contributed capital
Social capital
Unpaid social capital
Increase due to update of paid social capital (1) Contributions for future capital increases formalized by its shareholders' meeting Increase due to update of contributions for future capital increases formalized by its shareholders' meeting (1) Share premium Increase due to update of share premium (1) Financial instruments qualifying as equity Increase due to update of financial instruments qualifying as equity (1)

Friday January 20, 2023 OFFICIAL GAZETTE 269

Electronic Payment Fund Institutions
Series R01 Minimum Catalog
Report A-0111 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos

Figures in pesos

Concept
National currency, UMA and UDIS valued
Foreign currency valued

Earned capital
Capital reserves
Legal reserve
Other reserves
Increase due to update of capital reserves (1) Accumulated results Result from previous periods Result to apply Result from accounting changes and error corrections Increase due to update of result from previous periods (1) Other comprehensive income Valuation of financial instruments to collect or sell Valuation Effect of income tax and deferred PTU Estimation for non-recoverable income tax and deferred PTU Increase due to update of valuation of financial instruments to collect or sell (1) Valuation of financial instruments derived from cash flow hedging Valuation Effect of income tax and deferred PTU Estimation for non-recoverable income tax and deferred PTU Increase due to update of valuation of financial instruments derived from cash flow hedging (1) Income and expenses related to assets held for disposal Result Effect of income tax and deferred PTU Estimation for non-recoverable income tax and deferred PTU Increase due to update of income and expenses related to assets held for disposal (1) Remeasurement of defined employee benefits Actuarial results in obligations Valuation Effect of income tax and deferred PTU Estimation for non-recoverable income tax and deferred PTU Result in the return of plan assets Valuation Effect of income tax and deferred PTU Estimation for non-recoverable income tax and deferred PTU Increase due to update of remeasurement of defined employee benefits (1) Accumulated effect from translation Valuation Effect of income tax and deferred PTU Estimation for non-recoverable income tax and deferred PTU Increase due to update of accumulated effect from translation (1)

270 OFFICIAL GAZETTE Friday January 20, 2023

Electronic Payment Fund Institutions
Series R01 Minimum Catalog
Report A-0111 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos

Figures in pesos

Concept
National currency, UMA and UDIS valued
Foreign currency valued

OFF-BALANCE SHEET ACCOUNTS
Contingent assets and liabilities
Goods in mandate
Goods in custody or administration
Goods in custody
Financial instruments issued by the entity
Financial instruments
Virtual assets
Other
Goods in administration
Financial instruments
Virtual assets
Other
Collaterals received by the entity
Cash administered in trust
Government debt
Bank debt
Other debt instruments
Equity financial instruments
Other
Collaterals received and sold or pledged by the entity Government debt Bank debt Other debt instruments Equity financial instruments Other Other registration accounts Commissions and fees charged Purchase and sale of financial instruments Account opening Account management Fund transfer Custody or administration of goods Purchase and sale of virtual assets Other commissions and fees charged Increase due to update of commissions and fees charged (1) Commissions and fees paid Correspondents Commission agents Fund transfer Loans received Debt placement

Friday January 20, 2023 OFFICIAL GAZETTE 271

Electronic Payment Fund Institutions
Series R01 Minimum Catalog
Report A-0111 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos

Figures in pesos

Concept
National currency, UMA and UDIS valued
Foreign currency valued

Purchase and sale of virtual assets
Other commissions and fees paid
Increase due to update of commissions and fees paid (1) Interest income Interest on cash and cash equivalents Banks Own resources Customer resources Highly liquid financial instruments Restricted cash and cash equivalents or pledged Interest and yields in favor from margin accounts Cash Financial instruments Other assets Interest and yields in favor from investments in financial instruments For negotiable financial instruments For financial instruments to collect or sell For financial instruments to collect principal and interest (bonds) Interest and yields in favor from collateral in OTC operations Cash Financial instruments Other assets Interest and yields in favor in repo operations Income from financial instruments derived from trading Income from hedging operations Premiums from debt placement Securities liabilities Financial instruments qualifying as liability Gain from revaluation Gain from revaluation changes Revaluation of indexed instruments Revaluation of UDIS items Revaluation of UMA items Increase due to update of interest income (1) Interest expense Interest, transaction costs and discounts for issuance of financial instruments qualifying as liability Subordinated obligations Of mandatory conversion Of conversion by holder's decision Of conversion by issuer's decision Non-convertible Securities liabilities

272 OFFICIAL GAZETTE Friday January 20, 2023

Electronic Payment Fund Institutions
Series R01 Minimum Catalog
Report A-0111 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos

Figures in pesos

Concept
National currency, UMA and UDIS valued
Foreign currency valued

Interest on bank loans and from other organisms Interest and yields for charge from collateral in OTC operations Premiums paid for early redemption of financial instruments qualifying as liability Expenses from financial instruments derived from trading Expenses from hedging operations Loss from revaluation Loss from revaluation changes Revaluation of indexed instruments Revaluation of UDIS items Revaluation of UMA items Interest on lease liabilities Increase due to update of interest expense (1) Net monetary position result (financial margin) (1) Net monetary position result from positions generating financial margin (debit balance) Net monetary position result from positions generating financial margin (credit balance) Increase due to update of net monetary position result (financial margin) (1) Intermediation result Result from fair value valuation of financial instruments Negotiable financial instruments Financial derivatives for trading purposes Valuation Credit risk adjustment Financial derivatives for hedging purposes Valuation Credit risk adjustment Valuation of the hedged item Collaterals sold Estimation of expected credit losses for investments in financial instruments Financial instruments to collect or sell Financial instruments to collect principal and interest (bonds) Result from foreign currency valuation Result from virtual asset valuation Result from sale of financial instruments and financial derivatives Negotiable financial instruments Financial instruments to collect or sell Financial instruments to collect principal and interest (bonds) Financial derivatives for trading purposes Financial derivatives for hedging purposes

Friday January 20, 2023 OFFICIAL GAZETTE 273

Electronic Payment Fund Institutions
Series R01 Minimum Catalog
Report A-0111 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos

Figures in pesos

Concept
National currency, UMA and UDIS valued
Foreign currency valued

Result from sale of virtual assets
Result from sale of foreign currencies
Result from sale of received collaterals
Transaction costs
For purchase and sale of negotiable financial instruments For purchase and sale of financial derivatives For virtual assets Other financial results Increase due to update of intermediation result (1) Other operating income (expenses) Recoveries Taxes Excess in benefits to receive in securitization operations Other recoveries Impacts on the estimation of expected credit losses Losses Labor relations and job security Frauds Natural disasters and other events Business incidents and system failures Other losses Donations Loss in custody and administration of goods Loss in mandate operations Loss from impairment or effect of reversal of impairment of other long-term assets held for sale Interest for charge in financing for acquisition of assets Result in sale of properties, furniture and equipment Cancellation of other liability accounts Interest in favor from loans to officials and employees Rental income Result from valuation of benefits to receive in securitization operations Result from valuation of asset for administration of transferred financial assets Result from valuation of liability for administration of transferred financial assets Result in benefits to receive in securitization operations Other items of operating income (expenses) Net monetary position result originated by items not related to financial margin (1) Result from revaluation of items not related to financial margin Increase due to update of other operating income (expenses) (1) Administration and promotion expenses Short-term direct benefits Workers' participation in profits Incurred workers' participation in profits Other short-term direct benefits

274 OFFICIAL GAZETTE Friday January 20, 2023

Electronic Payment Fund Institutions
Series R01 Minimum Catalog
Report A-0111 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos

Figures in pesos

Concept
National currency, UMA and UDIS valued
Foreign currency valued

Net cost of the period derived from long-term employee benefits Long-term direct benefits Deferred workers' participation in profits Estimation for non-recoverable deferred PTU Post-employment benefits Pensions Seniority premium Other post-employment benefits Termination benefits Termination benefits for reasons other than restructuring Termination benefits due to restructuring Fees Rents Insurance and bonds Promotion and advertising expenses Taxes and various rights Non-deductible expenses Technology expenses Depreciations Of the period For assets by rights of use of properties, furniture and equipment Amortizations Of the period For assets by rights of use of intangible assets Loss from impairment or effect of reversal of impairment of real estate and other assets in use Inspection and surveillance fees CNBV Maintenance expenses Consumables and minor supplies Other administration and promotion expenses Increase due to update of administration and promotion expenses (1) Income taxes Incurred income taxes Deferred income taxes Temporary differences Tax losses Tax credits Estimation for non-recoverable income taxes Temporary differences Tax losses Tax credits Increase due to update of income taxes (1)

Friday January 20, 2023 OFFICIAL GAZETTE 275

Electronic Payment Fund Institutions
Series R01 Minimum Catalog
Report A-0111 Minimum Catalog
Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos

Figures in pesos

Concept
National currency, UMA and UDIS valued
Foreign currency valued

Discontinued operations
Discontinued operations
Increase due to update of discontinued operations (1) Other comprehensive income Valuation of financial instruments to collect or sell Period effect Valuation Effect of income tax and deferred PTU Estimation for non-recoverable income tax and deferred PTU Increase due to update of valuation of financial instruments to collect or sell (1) Valuation of financial instruments derived from cash flow hedging Period effect Valuation Effect of income tax and deferred PTU Estimation for non-recoverable income tax and deferred PTU Increase due to update of valuation of financial instruments derived from cash flow hedging (1) Income and expenses related to assets held for disposal Period effect Result Effect of income tax and deferred PTU Estimation for non-recoverable income tax and deferred PTU Increase due to update of Income and expenses related to assets held for disposal (1) Remeasurement of defined employee benefits Period effect Valuation Effect of income tax and deferred PTU Estimation for non-recoverable income tax and deferred PTU Increase due to update of remeasurement of defined employee benefits (1) Accumulated effect from translation Period effect Valuation Effect of income tax and deferred PTU Estimation for non-recoverable income tax and deferred PTU Increase due to update of accumulated effect from translation (1)

Electronic Payment Fund Institutions
(1) These concepts will be applicable under an inflationary economic environment based on what is established in the Financial Information Standard B-10 Effects of Inflation, issued by the Mexican Council of Financial Information Standards, A.C. (CINIF).

276 OFFICIAL GAZETTE Friday January 20, 2023

SERIES R08 BANK LOANS AND FROM OTHER ORGANISMS This series is integrated by one (1) report whose frequency of preparation and presentation must be monthly.

REPORT
D-0843 Disaggregated of obtained loans
In this report, information is collected that allows knowing the detail of the loans granted to the Electronic Payment Fund Institutions, such as the credit contracting date, the maturity date, the amount of the operation, the agreed interest rate, the guarantees backing it, the identification of the lender, the commissions paid, among others, as well as the credit tracking information.

CAPTURE FORMAT
The Electronic Payment Fund Institutions will carry out the sending of the information related to the report D-0843 Disaggregated of obtained loans described above, by using the following capture format:

INFORMATION REQUESTED
REPORT IDENTIFICATION SECTION
REPORT IDENTIFIER
PERIOD START
PERIOD END
INSTITUTION KEY

LOAN IDENTIFICATION SECTION
LOAN IDENTIFIER
LOAN STATUS
STATUS UPDATE DATE

LENDER IDENTIFICATION DATA SECTION
LENDER TYPE
NAME(S)/BUSINESS NAME OR CORPORATE DESIGNATION PATERNAL SURNAMES MATERNAL SURNAMES COUNTRY OF ORIGIN

ACCOUNT DATA SECTION
ACCOUNT IDENTIFIER WHERE THE LOAN IS RECEIVED

OPERATION DATA SECTION
ACCOUNTING CLASSIFICATION (LOAN TYPE)
CONTRACTING OR OPENING DATE
MATURITY DATE
PRINCIPAL PAYMENT FREQUENCY
INTEREST PAYMENT FREQUENCY
CURRENCY TYPE
INITIAL LOAN AMOUNT IN ORIGIN CURRENCY
INITIAL LOAN AMOUNT VALUED IN NATIONAL CURRENCY

Friday January 20, 2023 OFFICIAL GAZETTE 277

INFORMATION REQUESTED
EXCHANGE RATE
INTEREST RATE TYPE
VALUE OF THE RATE ORIGINALLY AGREED
VALUE OF THE APPLICABLE INTEREST RATE IN THE PERIOD REFERENCE INTEREST RATE ADJUSTMENT IN THE REFERENCE RATE FREQUENCY OF RATE REVIEW AMOUNT OF THE AGREED COMMISSION TYPE OF CREDIT DISPOSITION DESTINATION OF THE RESOURCES

LOAN TRACKING DATA SECTION
OUTSTANDING BALANCE AT PERIOD START
DUE CAPITAL
DUE INTERESTS
PRINCIPAL PAYMENTS
INTERESTS PAID
OTHER COMMISSIONS PAID
ACCRUED UNPAID INTERESTS
OUTSTANDING BALANCE AT PERIOD END
PERCENTAGE OF CREDIT DISBURSED
DATE OF LAST PAYMENT MADE
DATE OF NEXT IMMEDIATE PAYMENT
AMOUNT OF NEXT IMMEDIATE PAYMENT

LOAN GUARANTEES IDENTIFICATION DATA SECTION
GUARANTEE TYPE
INITIAL VALUE
UPDATED VALUE
VALUATION DATE

The Electronic Payment Fund Institutions will report the information indicated in this series, which must comply with the validations and quality standards indicated by the National Banking and Securities Commission (Commission), adjusting to the characteristics and specifications. Once the validations and quality standards are met, the SITI will generate an electronic receipt of acknowledgment.

The information must be sent only once and will be received assuming it meets all characteristics and specifications, for which it cannot be modified and must present consistency with the various reports in which the same information is included with a different level of integration, therefore, if it does not meet the required quality and characteristics or has been presented incompletely, the obligation of its presentation will be considered unfulfilled and, consequently, the corresponding sanctions will be imposed in accordance with the applicable legal provisions.

278 OFFICIAL GAZETTE Friday, January 20, 2023
SERIES R10 RECLASSIFICATIONS
This series consists of two (2) reports, whose frequency of preparation and submission must be monthly.

REPORTS
A-10111 Reclassifications in the statement of financial position This report requests balances at the end of the period for the concepts of regulatory report A-0111 Minimum Catalog, as well as the respective movements for presentation and compensations according to accounting criteria carried out for the purpose of presenting the items in the statement of financial position of the Electronic Payment Fund Institution without consolidation.

A-10121 Reclassifications in the statement of comprehensive income This report requests balances at the end of the period for the concepts of regulatory report A-0111 Minimum Catalog, as well as the respective movements for presentation and compensations according to accounting criteria carried out for the purpose of presenting the items in the statement of comprehensive income of the Electronic Payment Fund Institution without consolidation.

For the completion of reports A-10111 and A-10121, the following aspects must be taken into consideration:
Data referring to balances and amounts must be presented in national currency, foreign currency, UMA and UDIS valued in pesos and foreign currency valued in pesos using the exchange rate indicated in the current accounting criteria. Such amounts and balances must be presented in pesos, with four decimal places, without commas. For example: $20,585.7000 would be 20585.7000.

CAPTURE FORMAT
Electronic Payment Fund Institutions will carry out the submission of information related to reports A-10111 Reclassifications in the statement of financial position and A-10121 Reclassifications in the statement of comprehensive income, described above, by using the following capture format:

REQUESTED INFORMATION
SECTION REPORT IDENTIFIER
PERIOD START
PERIOD END
INSTITUTION KEY
REPORT
FINANCIAL INFORMATION SECTION
CONCEPT
BALANCE TYPE
MOVEMENT TYPE
DATA

Electronic Payment Fund Institutions will report the information indicated in this series, which must comply with the validations and quality standards indicated by the National Banking and Securities Commission (Commission), adjusting to the characteristics and specifications. Once the validations and quality standards are met, the SITI will generate an electronic receipt of acknowledgment.

The information must be sent only once and will be received assuming it meets all characteristics and specifications; therefore, it cannot be modified and must be consistent with the various reports in which the same information is included at a different level of aggregation. Consequently, if it does not meet the required quality and characteristics or has been presented incompletely, the obligation to submit it will be considered unfulfilled, and the corresponding sanctions will be imposed in accordance with the applicable legal provisions.

Electronic Payment Fund Institutions
Series R10 Reclassifications
Report A-10111 Reclassifications in the statement of financial position Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept Minimum catalog balance Movements for presentation according to accounting criteria Compensations according to accounting criteria Unconsolidated statement of financial position (1) (2) (A) Debe Haber Debe Haber MN, UMA and UDIS ME Total (B)* = (A) + (1) + (2) ASSET Cash and cash equivalents Cash Banks Deposits in financial entities Currencies to be delivered Immediate collection documents Highly liquid financial instruments Restricted or pledged cash and cash equivalents Electronic payment funds Currencies to be received Others Others Margin accounts (derivative financial instruments) Cash Investments in financial instruments Other assets Investments in financial instruments Negotiable financial instruments Negotiable financial instruments without restriction Government debt In position To be delivered Bank debt In position To be delivered

Electronic Payment Fund Institutions
Series R10 Reclassifications
Report A-10111 Reclassifications in the statement of financial position Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept Minimum catalog balance Movements for presentation according to accounting criteria Compensations according to accounting criteria Unconsolidated statement of financial position (1) (2) (A) Debe Haber Debe Haber MN, UMA and UDIS ME Total (B)* = (A) + (1) + (2) Other debt securities In position To be delivered Equity financial instruments In position To be delivered Restricted or pledged negotiable financial instruments Government debt In position To be received Bank debt In position To be received Other debt securities In position To be received Equity financial instruments In position To be received Financial instruments to collect principal and interest Financial instruments to collect principal and interest without restriction Government debt In position To be delivered Bank debt In position To be delivered

Electronic Payment Fund Institutions
Series R10 Reclassifications
Report A-10111 Reclassifications in the statement of financial position Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept Minimum catalog balance Movements for presentation according to accounting criteria Compensations according to accounting criteria Unconsolidated statement of financial position (1) (2) (A) Debe Haber Debe Haber MN, UMA and UDIS ME Total (B)* = (A) + (1) + (2) Bank debt In position To be delivered Other debt securities In position To be delivered Restricted or pledged financial instruments to collect principal and interest Government debt In position To be received Bank debt In position To be received Other debt securities In position To be received Financial instruments to collect principal and interest (securities) (net) Financial instruments to collect principal and interest (securities) Financial instruments to collect principal and interest without restriction Government debt In position To be delivered Bank debt In position To be delivered

Electronic Payment Fund Institutions
Series R10 Reclassifications
Report A-10111 Reclassifications in the statement of financial position Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept Minimum catalog balance Movements for presentation according to accounting criteria Compensations according to accounting criteria Unconsolidated statement of financial position (1) (2) (A) Debe Haber Debe Haber MN, UMA and UDIS ME Total (B)* = (A) + (1) + (2) Other debt securities In position To be delivered Financial instruments to collect principal and interest restricted or pledged Government debt In position To be received Bank debt In position To be received Other debt securities In position To be received Estimate of expected credit losses for investments in financial instruments to collect principal and interest (securities) Financial instruments to collect principal and interest without restriction Government debt In position To be delivered Bank debt In position To be delivered Other debt securities In position To be delivered

Electronic Payment Fund Institutions
Series R10 Reclassifications
Report A-10111 Reclassifications in the statement of financial position Includes figures in national currency, foreign currency, UMA and UDIS valued in pesos Figures in pesos Concept Minimum catalog balance Movements for presentation according to accounting criteria Compensations according to accounting criteria Unconsolidated statement of financial position (1) (2) (A) Debe Haber Debe Haber MN, UMA and UDIS ME Total (B)* = (A) + (1) + (2) Financial instruments to collect principal and interest restricted or pledged Government debt In position To be received Bank debt In position To be received Other debt securities In position To be received Repo debtors Derivative financial instruments For trading purposes Futures to be received Forward contracts to be received Valuation Credit risk adjustment Options Valuation Credit risk adjustment Swaps Valuation Credit risk adjustment Credit derivative financial instruments Valuation Credit risk adjustment