Regulatory Alerts2021-09-09 | DOF 5629272Added · Updated
Resolution reforming, adding, and repealing various General Provisions under Article 212 of the Securities Market Law
The resolution amends the General Provisions to allow brokerage houses to use digital identification mechanisms, including video conferencing and biometric verification, for remote client onboarding. It clarifies geolocation requirements, permitting IP address matching when GPS is unavailable, and raises the transaction threshold for simplified identification contracts to 3,000 Investment Units per client per month. Additionally, it expands the Blocked Persons List to include taxpayers listed under Article 69-B of the Federal Tax Code to prevent the use of shell companies for illicit activities.