Regulatory Alerts2017-09-05 | DOF 5496097Added
Resolution modifying the general provisions applicable to securities broker-dealers
The resolution amends Article 58 to require broker-dealers to identify the date and time of transmission of order positions to the relevant stock exchange in their systems. It also revises Article 159 to redefine credit risk groups, specifically clarifying that Group RC-1 includes operations guaranteed by development banking institutions where the Federal Government assumes full responsibility, and Group RC-2 covers exposures to other financial entities and non-RC-1 development banks. Additionally, the document extends the compliance deadline for updating manuals and policies to three months and grants six months for the general director of a broker-dealer to designate an information security officer. These changes apply to all securities broker-dealers regulated by the CNBV.
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