Regulatory Alerts2018-07-23 | DOF 5532580Added
Resolution modifying the Resolution modifying the general provisions applicable to credit institutions published on April 26, 2018
The National Banking and Securities Commission amends Article 148 to adjust the composition of the Audit Committee for development banking institutions, requiring it to consist of three to five council members with at least one independent member who serves as chair. For multiple banking institutions, the Audit Committee must have at least three members, be chaired by an independent councilor, and maintain a majority of independent members. The resolution entered into force the day after its publication in the Official Gazette on July 23, 2018.
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