Regulatory Alerts2019-03-25 | DOF 5555030Added
Resolution modifying the General Provisions applicable to Financial Technology Institutions
The National Banking and Securities Commission (CNBV) amends the General Provisions applicable to Financial Technology Institutions to introduce new regulatory frameworks for information security, the use of electronic media, third-party service contracting, and information disclosure. The resolution updates definitions in Article 2, modifies Article 51 regarding solvency requirements for lending terms, and adds Chapters VI through IX and Title IV to establish controls for cybersecurity, authentication, and operational continuity. It also mandates specific regulatory reporting obligations and updates Annexes 8 through 20 to define formats for security incidents, investor classifications, and information disclosure guidelines for collective financing entities.
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