Regulatory Alerts2021-12-15 | DOF 5638363Added · Updated
Resolution modifying the general prudential, accounting, and information reporting provisions applicable to the National Financial Institution for Agricultural, Rural, Forestry and Fisheries Development
The National Banking and Securities Commission extends the effective date for the application of specific financial information standards (B-17, C-3, C-9, C-16, C-19, C-20, D-1, D-2, and D-5) for the National Financial Institution for Agricultural, Rural, Forestry and Fisheries Development to January 1, 2023. Additionally, the Commission amends Accounting Criteria A-2 to require the use of the daily closing exchange rate published by the Bank of Mexico for foreign currency operations instead of the previously mandated FIX rate. These reforms enter into force on December 15, 2021, and the day following the publication of the resolution, respectively.
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