May 29, 2020 / COVID-19 / Banking and Finance Law
Due to the COVID-19 illness, the National Banking and Securities Commission (CNBV) reissued measures to extend the procedural time limit of suspension of procedural deadlines until June 30, 2020. This extension applies to hearings, formalities, and procedures that are being carried out and those that are about to be carried out in the CNBV. It also involves the obligations that must be communicated and filed in the Ministry of Finance and Public Credit through the CNBV regarding AML/FT topics.
This agreement only amends the procedural time limit of the suspension. Therefore, the other provisions of the original agreement, which was published on March 26, 2020, remain in effect.
- AGREEMENT extending the procedural time limit of the period in which the procedural deadlines regarding hearings, formalities, and procedures which are in progress, are being carried out, or must be carried out before the National Banking and Securities Commission are suspended, as well as the effects of the other provisions contained in the Agreement establishing temporary and extraordinary measures and suspending certain procedural deadlines for the attention of financial institutions and persons subject to supervision by the National Banking and Securities Commission, due to the coronavirus known as COVID-19.
Published on May 29, 2020.
https://www.dof.gob.mx/nota_detalle.php?codigo=5594053&fecha=29/05/2020
- AGREEMENT establishing temporary and extraordinary measures and suspending certain procedural deadlines for the attention of financial institutions and persons subject to supervision by the National Banking and Securities Commission, due to the COVID-19 coronavirus.
ORIGINAL AGREEMENT published on May 26, 2020.
https://www.dof.gob.mx/nota_detalle.php?codigo=5590567&fecha=26/03/2020
