Regulatory Alerts2017-04-06 | DOF 5478940Added
RESOLUTION that reforms, adds to, and repeals various general provisions referred to in Article 226 Bis of the Securities Market Law, applicable to investment advisors
This resolution reforms, adds to, and repeals various general provisions applicable to investment advisors under Article 226 Bis of the Securities Market Law. It introduces a new "Risk-Based Approach" chapter, requiring investment advisors to establish a methodology for identifying, measuring, and mitigating risks related to illicitly sourced resources and terrorism financing, with annual reviews. The resolution also modifies client identification policies for legal entities, mandating the collection of information on shareholding and corporate structures, and clarifies deadlines for submitting reports on unusual and concerning internal operations. Additionally, it expands the list of valid official identification documents for conducting operations.