Regulatory Alerts2018-10-16 | DOF 5541051Added
Resolution modifying the General Provisions applicable to Savings and Credit Entities, Integration Organizations, Community Financial Societies, and Rural Financial Integration Organizations under the Savings and Credit Popular Law
The National Banking and Securities Commission amends Articles 307, 308, 310, 313, and 316, and adds a paragraph to Article 307 of the General Provisions to allow Popular Financial Societies in dissolution or bankruptcy to use other financial entities' offices for processing guaranteed obligation payments. This expansion of authorized locations for receiving payment requests and distributing reports aims to benefit savers by increasing access points during the liquidation process. The resolution entered into force the day after its publication in the Official Gazette of the Federation on October 17, 2018.