Regulatory Alerts2020-04-09 | DOF 5591405Added
Resolution modifying the Resolution that modifies the general provisions applicable to credit institutions, published on August 29, 2017
The National Banking and Securities Commission extends the compliance deadline for credit institutions to implement biometric identity verification mechanisms from March 31, 2020, to November 30, 2020, provided institutions submit a work plan by December 14, 2018, or a notice of delay by March 31, 2020. Institutions opting for the extension must submit biweekly progress reports signed by the general director and risk/audit heads, and obtain board approval for the delay by April 30, 2020. Failure to submit the required notice or reports results in the immediate obligation to comply with the biometric verification articles effective January 1, 2019.
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