Regulatory Alerts2018-04-26 | DOF 5520813Added
Resolution modifying the general provisions applicable to the activities of savings and loan cooperative societies
The resolution amends Articles 1, 37, 71, 73, 112, 118, 166, 167, 174, 202, 242, and 311 of the general provisions for savings and loan cooperative societies to mandate that audit committee members possess specific expertise in accounting, auditing, and internal control, and must act transparently and independently. It derogates Article 1, fraction XXXI, and several other provisions related to external audit services, replacing them with references to the separate regulatory framework for entities contracting external financial statement audit services. The resolution also establishes specific deadlines for the submission of consolidated financial statements to the Board of Directors, shareholders, and the supervisory commission, and sets the effective date of these changes as August 1, 2018.
More like this from SHCP
SHCP published 14 documents in the last 30 days. We email you each new one the day it's published.