2020-11-24 | DOF 5605592Added · Updated
The resolution amends Articles 7, 14, and 15 of the General Provisions to allow Savings and Loan Cooperative Societies with operational levels I through IV to apply simplified identification measures to low-risk national currency checking accounts and to credits and microcredits. It establishes a monthly deposit limit of 3,000 Units of Investment per client for simplified accounts and permits remote account opening with specific data requirements. The resolution repeals the requirement for these societies to seek prior authorization from the National Banking and Securities Commission for their mobile-linked verification procedures. Cooperative Societies must update their Compliance Manuals and automated systems within three months of the resolution's entry into force.
DOF: 24/11/2020
RESOLUTION reforming and repealing various of the General Provisions referred to in Articles 71 and 72 of the Law for Regulating the Activities of Savings and Loan Cooperative Societies
A seal with the National Coat of Arms appears at the margin, which reads: United Mexican States.- TREASURY.- Ministry of
Treasury and Public Credit.
RESOLUTION
THAT
REFORMS
AND
REPEALS
VARIOUS
OF
THE
GENERAL
PROVISIONS
TO
WHICH
THE
ARTICLES
71
AND
72
OF
THE
LAW
FOR
REGULATING
THE
ACTIVITIES
OF
SAVINGS
AND
LOAN
COOPERATIVE
SOCIETIES
REFER
ARTURO
HERRERA
GUTIÉRREZ,
Secretary
of
Treasury
and
Public
Credit,
based
on
the
provisions
of
Articles
31,
paragraphs
VIII
and
XXXIV,
of
the
Organic
Law
of
the
Federal
Public
Administration;
71
and
72
of
the
Law
for
Regulating
the
Activities
of
Savings
and
Loan
Cooperative
Societies,
in
exercise
of
the
powers
conferred
upon
him
by
Article
6,
paragraph
XXXIV,
of
the
Internal
Regulations
of
the
Ministry
of
Treasury
and
Public
Credit,
and
having
received
the
prior
opinion
of
the
National
Banking
and
Securities
Commission
issued
via
letter
number
VSPP-220/71657/2020
dated
October
13,
2020;
and
CONSIDERING
That
within
the
objectives
of
the
National
Financial
Inclusion
Policy,
presented
by
the
National
Council
of
Financial
Inclusion
and
the
Financial
Education
Committee
on
March
11,
2020,
is
to
promote
the
reduction
of
cash
usage,
as
well
as
increase
the
digitalization
of
payments
and
transfers
to
beneficiaries
of
government
programs,
among
others,
that
foster
financial
inclusion
and
education;
That
in
the
framework
of
the
launch
of
the
Digital
Collection
platform
(CoDi)
developed
by
the
Bank
of
Mexico,
it
is
considered
appropriate
to
promote
the
use
of
the
same
through
the
opening
of
low-risk
national
currency
demand
deposit
accounts
offered
by
authorized
entities;
That
in
that
sense
and
in
compliance
with
Recommendation
10
of
the
International
Standards
on
Combating
Money
Laundering,
Terrorist
Financing
and
the
Financing
of
Proliferation
of
Weapons
of
Mass
Destruction
issued
in
2012
by
the
Financial
Action
Task
Force
which
allows
the
application
of
simplified
measures
based
on
a
risk-based
approach,
it
is
considered
relevant
to
increase
the
level
of
simplified
identification
accounts
for
natural
persons
for
the
opening
of
low-risk
national
currency
demand
deposit
accounts
offered
by
savings
and
loan
cooperative
societies
with
operational
levels
I
through
IV;
That
in
order
to
promote
financial
inclusion
based
on
Recommendation
10
of
the
Financial
Action
Task
Force
which
allows
the
application
of
simplified
measures
with
a
risk-based
approach,
the
possibility
is
established
to
apply
the
limits,
conditions,
and
characteristics
established
in
these
Provisions
for
low-risk
accounts
to
the
credits
offered
by
savings
and
loan
cooperative
societies
with
operational
levels
I
through
IV;
That
it
is
deemed
convenient
to
eliminate
the
obligation
of
savings
and
loan
cooperative
societies
with
operational
levels
I
through
IV
to
request
authorization
from
the
National
Banking
and
Securities
Commission
regarding
the
procedure
for
verifying
information
for
simplified
accounts
linked
to
a
mobile
phone
or
other
equivalent
communication
device,
since
such
procedure
is
approved
in
the
Compliance
Manual
of
each
society;
and
Having
heard
the
opinion
of
the
National
Banking
and
Securities
Commission,
I
have
deemed
it
appropriate
to
issue
the
following:
RESOLUTION THAT REFORMS AND REPEALS VARIOUS OF THE GENERAL PROVISIONS REFERRED TO IN ARTICLES 71 AND 72 OF THE LAW FOR REGULATING THE ACTIVITIES OF SAVINGS AND LOAN COOPERATIVE SOCIETIES.
SINGLE ARTICLE.-
Articles 7, fourth paragraph, paragraph II; 14, first and second paragraphs; 15, are REFORMED, and Article 7, last paragraph, of the General Provisions referred to in Articles 71 and 72 of the Law for Regulating the Activities of Savings and Loan Cooperative Societies, are REPEALED, to read as follows:
7.-
...
...
...
...
I.
...
II. Additionally, in the case of accounts that are linked to a mobile phone or other equivalent communication device, the Societies must validate the mobile phone number provided, through the procedure that the Societies establish for such purpose in their Compliance Manual.
...
Paragraph repealed.
14.-
Demand deposit accounts in national currency offered by the Societies will be considered low Risk, and therefore may have simplified identification requirements, provided they are opened in person by Clients who are natural persons whose operation is limited to deposits equal to the equivalent in national currency of three thousand Units of Investment per Client, during the course of a calendar month.
The Societies may integrate the respective identification files of their Clients solely with the data relating to the paternal surname, maternal surname, and first name or names, without abbreviations, date of birth, and address of these, which must be composed of the elements referred to in Article 4 of these Provisions.
In this case, the data relating to the full name and date of birth of the Client must be obtained from an official identification document as indicated in the aforementioned Article 4 of these Provisions.
Regarding contributions to the social capital of the same, accounts opened or contracts celebrated remotely in terms of what is established in Article 7 of these Provisions, the Societies must integrate the identification files of their Clients with the data relating to the full name without abbreviations, gender, state of birth, date of birth, as well as address of these, composed of the elements referred to in Article 4 of these Provisions.
...
...
15.-
The limits, conditions, and characteristics established in these Provisions for low Risk accounts referred to in Article 14 of the same may be applicable to credits and microcredits.
In these cases, the maximum limits will apply to the credit line or amount granted to the Clients.
TRANSITIONAL PROVISIONS
First.-
This Resolution will enter into force the day following its publication in the Official Gazette of the Federation.
Second.-
The Societies will have three months counted from the entry into force of this Resolution to (i) modify the Compliance Manual and present it to the Commission, and (ii) update the automated systems referred to in Article 55 of the Provisions.
Mexico City, November 10, 2020. - The Secretary of Treasury and Public Credit, Arturo Herrera Gutiérrez. - Signature.
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