Regulatory Alerts2020-11-09 | DOF 5604489Added · Updated
Resolutory Amendment to the Resolution Modifying General Provisions Applicable to Popular Savings and Credit Entities, Integration Organizations, Community Financial Societies, and Rural Financial Integration Organizations Under the Popular Savings and Credit Law
The document amends the Second Transitory Article of the January 23, 2018 resolution to postpone the effective date of specific Mexican Financial Reporting Standards (B-17, C-3, C-9, C-16, C-19, C-20, D-1, D-2, and D-5) to January 1, 2023. This extension applies to popular financial societies, community financial societies with operation levels I to IV, and rural financial integration organizations, allowing them additional time to adjust their accounting information systems due to reduced operational capacity and human resources caused by COVID-19 health measures. The resolution itself entered into force the day following its publication in the Official Journal of the Federation on November 9, 2020.
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