Regulatory Alerts2016-01-07 | DOF 5422279Added · Updated
Resolution modifying the General Provisions on prudential, accounting, and information requirements applicable to the National Financial Institution for Agricultural, Rural, Forestry and Fisheries Development
The National Banking and Securities Commission modifies the General Provisions applicable to the National Financial Institution for Agricultural, Rural, Forestry and Fisheries Development to align with the new Financial Information Standard D-3 on Employee Benefits, which becomes mandatory on January 1, 2016. The resolution updates Articles 138, 139, and 140 and replaces Annexes 13 and 14 to adjust regulatory reporting formats, submission frequencies, and the designation of responsible personnel. Specifically, the modified reports for series R01, R10, and R13 must be submitted starting in February 2016, while the resolution itself entered into force the day after its publication in the Official Gazette on January 7, 2016.
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