Regulatory Alerts2021-12-15 | DOF 5638358Added · Updated
Resolution modifying the General Provisions applicable to Popular Savings and Credit Entities, Integration Organizations, Community Financial Societies, and Rural Financial Integration Organizations under the Popular Savings and Credit Law
The resolution amends Accounting Criteria A-3 and D-4 of the General Provisions applicable to popular savings and credit entities, integration organizations, community financial societies, and rural financial integration organizations. It replaces the requirement to use the Fixed Exchange Rate (FIX) with the closing-of-the-day exchange rate published by the Bank of Mexico for financial reporting and cash flow conversions. These changes take effect on December 15, 2021.
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