Regulatory Alerts2021-12-15 | DOF 5638362Added · Updated
Resolution modifying the General Provisions establishing accounting criteria for participants in the derivatives contracts market
The National Banking and Securities Commission amends Accounting Criteria A-2 and D-4 in Annexes 1 and 2 of the General Provisions for derivatives market participants to require the use of the Bank of Mexico's end-of-day exchange rate for converting foreign currency balances and cash flows. This change replaces the previous requirement to use the FIX (Fixed Exchange Rate) to align financial reporting with the 14:00 closing time of operations. The resolution enters into force on December 15, 2021.
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