Regulatory Alerts2019-10-01 | DOF 5573932Added
Resolution modifying the General Provisions applicable to savings and credit entities, integration organisms, community financial societies, and rural financial integration organisms under the Savings and Credit Popular Law
The National Banking and Securities Commission amends Articles 1, 265 Bis 1, 265 Bis 2, 265 Bis 4, 265 Bis 7, and 265 Bis 8 of the General Provisions applicable to popular savings and credit entities. The amendments introduce definitions for Mobile Advanced Services, Mobile Basic Services, Mobile Phones, and Point of Sale Terminals, while modifying authentication requirements and derogating specific clauses regarding user authentication procedures. The resolution enters into force the day following its publication in the Official Gazette of the Federation.