Regulatory Alerts2018-01-04 | DOF 5510040Added
Resolution modifying the general provisions establishing accounting criteria for participants in the derivatives contracts market
The National Banking and Securities Commission modifies Annexes 1 and 2 of the general provisions on accounting criteria for clearing houses and clearing members to incorporate specific Financial Reporting Standards (NIFs) B-17, C-3, C-9, C-16, C-19, C-20, D-1, and D-2. These standards become effective on January 1, 2019, and include specific clarifications on the application of rules regarding intermediate financial information, inflation effects, foreign currency conversion, receivables, provisions, equity, employee benefits, income taxes, leases, and financing results. The resolution updates the accounting framework applicable to these market participants to align with current financial reporting norms.
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