Regulatory Alerts2021-12-15 | DOF 5638357Added · Updated
Resolution modifying the General Provisions applicable to investment funds and persons providing services to them
The resolution amends accounting criteria for investment funds, fund operating companies, and fund share distribution companies to require the use of the closing daily exchange rate published by the Bank of Mexico for converting national currency to US dollars in financial statements. This change replaces the previous requirement to use the Fixed Exchange Rate (FIX) to align financial reporting with treasury operations. The amendments apply to Annexes 5, 6, and 7 of the General Provisions, specifically modifying paragraphs related to general application norms and cash flow statements. The resolution entered into force on December 15, 2021.
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