Regulatory Alerts2017-04-14 | DOF 5479838Added
Resolution modifying the General Provisions applicable to investment funds and persons providing services to them
The resolution amends Article 106, fraction IV, subsection e) of the General Provisions applicable to investment funds and service providers to clarify the conditions under which differentiated commissions may be agreed upon in the distribution of investment fund shares. It specifies that such commissions are permissible when investment management services are provided to pension funds, institutional investors, or clients maintaining an average portfolio value of at least 10 million UDIS over the preceding twelve months, and the investment funds are distributed under those specific management services. This measure aims to allow differentiated pricing without generating discriminatory practices for clients comparable to institutional investors. The resolution entered into force the day following its publication in the Official Gazette on April 15, 2017.
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