Regulatory Alerts2023-09-27 | DOF 5703093Added · Updated
Resolution modifying the General Provisions applicable to general warehouse receipts, exchange houses, credit unions and regulated multiple-object financial societies
The resolution amends reporting requirements for regulated multiple-object financial societies (SOFOMES) with equity links to credit institutions, introducing new operational risk and advanced payment reports while derogating obsolete ones. It establishes specific lending limits based on capitalization levels for existing credit portfolios and mandates compliance with risk diversification and operational risk standards aligned with credit institutions. The new rules generally enter into force on January 1, 2024, with specific reporting requirements effective earlier or on February 1, 2024, and immediate application for systemically important institutions.
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