Regulatory Alerts2023-09-28 | DOF 5703231Added · Updated
Resolution modifying the General Provisions establishing the accounting criteria for participants in the derivatives contracts market
The National Banking and Securities Commission modifies the general provisions governing accounting criteria for clearing houses and liquidating members in the derivatives contracts market, incorporating updates aligned with International Financial Reporting Standard 9 (IFRS 9). The resolution amends multiple articles, adds new sections on general provisions and price provider contracting, and replaces Appendices 1 and 2 to establish specific accounting and valuation rules. These changes take effect on January 1, 2024, requiring entities to adopt new standards and disclose specific financial impacts.
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