Regulatory Alerts2017-12-18 | DOF 5508101Added
RESOLUTION that modifies the general provisions applicable to credit institutions
This Resolution amends Articles 88 and 307 of the General provisions applicable to credit institutions. For credit institutions, Article 88 now requires a summary of securitization activity, including the total amount of securitized exposures by type and the recognized gain or loss on sale by exposure type. Article 307 clarifies that institutions are responsible for verifying that a client's destination account in another institution, used for Internet banking transfers from an originating account, is registered in the client's name. Additionally, when a user changes a destination account via Internet Banking, institutions must require an additional Authentication Factor from Categories 3 or 4, as per Article 310, beyond the one used to initiate the session.
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