Regulatory Alerts2018-07-23 | DOF 5532579Added
Resolution modifying the Resolution modifying general provisions applicable to development agencies and entities published on April 26, 2018
The National Banking and Securities Commission amends Articles 155 and 156 of the Resolution published on April 26, 2018, to adjust the composition of the Audit Committees for Infonacot, Fovissste, and development entities. Article 155 now requires these committees to consist of three to five members designated by the Board, with at least one independent professional serving as chair. Article 156 clarifies that board members serving on the Audit Committee may be replaced by any other board member, and that in the president's absence, committee members must designate a presiding officer for that session. These changes enter into force the day after publication in the Official Gazette.
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