Regulatory Alerts2016-07-11 | DOF 5444231Added
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 resolution amends the General Provisions to mandate that Popular Financial Societies establish a Remuneration System that aligns employee incentives with the entity's risk appetite. It introduces new definitions for remuneration types and the system itself, requires the creation of a Remuneration Committee, and assigns specific oversight and reporting duties regarding remuneration and risk to the Comisario, Risk Committee, and Audit Committee. The changes also update capitalization requirements and internal control guidelines to ensure alignment with international best practices for stability and solvency.
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