Regulatory Alerts2022-08-16 | DOF 5661308Added · Updated
Resolution modifying the General Provisions applicable to investment funds and persons providing services to them
The National Banking and Securities Commission amends the General Provisions for investment funds to reduce administrative burdens by introducing 28 exceptions where equity and debt funds can modify their prospectuses without prior authorization, requiring only notification. The resolution mandates the creation of investment committees within operating companies to approve changes to investment regimes and risk policies, and allows differentiated fee structures for different share series. Additionally, it grants investors the right to portability of shares and resources between distributors and establishes specific grace periods and notification requirements for funds undergoing corporate actions or investment policy changes.
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