pc
nid 93792
Jul 07, 2026
rghosh@vixio.com
Mexico
Diario Oficial
financial services
106% of draft length
draft in Generated
Generated
2171 charsMexico's National Banking and Securities Commission Modifies General Provisions for Brokerage Houses
On July 6, 2026, Mexico's National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores) published a resolution modifying the General Provisions applicable to brokerage houses (casas de bolsa). The modification streamlines procedures for authorizing special accounting criteria and special accounting records while reducing administrative timelines for brokerage house applications.
The resolution amends Articles 171 and 171 Bis of the General Provisions originally published on September 6, 2004, and introduces Annex 20, which establishes standardized application formats. The changes address two key scenarios: authorization of special accounting criteria when competent authorities declare emergencies or natural disasters that could adversely affect the solvency or liquidity of supervised financial entities or the stability of the financial system; and authorization of special accounting records for brokerage houses undergoing financial restructuring or corporate reorganization processes.
The resolution reduces the maximum response period for authorization requests from the Commission to 60 business days, calculated from the day following receipt of the application. Applications must be submitted using the format specified in Annex 20 and signed with either an autograph signature or Advanced or Reliable Electronic Signature by the legal representative of the brokerage house or authorized self-regulatory organizations. If the Commission does not issue or notify a resolution within the 60-business-day period, the request is deemed denied. During the pending period, brokerage houses must continue using accounting criteria established in Annex 5.
The resolution entered into force on July 7, 2026. Brokerage houses that submitted authorization requests prior to the resolution's effective date will continue processing under the General Agreement on Administrative Simplification and Improvement Actions published on December 31, 2025. Previously authorized brokerage houses retain their existing authorizations until their expiration dates.
REFERENCES:
Diario Oficial de la Federación (July 6, 2026): https://www.dof.gob.mx/
Agent draft
Not run yet.
Published
2308 charsMexico's National Banking and Securities Commission Modifies General Provisions for Brokerage Firms
On July 6, 2026, Mexico's National Banking and Securities Commission (CNBV) published a resolution in the Official Gazette of the Federation (DOF) amending the General Provisions applicable to brokerage firms.
The current resolution implements the administrative simplification commitments set out in the General Agreement on simplification and administrative improvement for procedures before the CNBV, published in the DOF on December 31, 2025, and Article 24 of the National Law to Eliminate Bureaucratic Procedures .
Key changes introduced by the resolution:
Standardized application formats: A new Annex 20 is added to the General Provisions establishing mandatory standardized formats for submitting applications to the CNBV for authorization of special accounting criteria and special accounting records. Brokerage firms must use these formats for all such applications, and applications may be signed by the legal representative of the brokerage firm either with an autograph signature or by means of an advanced or reliable electronic signature in accordance with the Commercial Code. Where applicable, the legal representative of self-regulatory bodies recognized by the CNBV or trade association representation bodies may also sign.
Reduced maximum response times: The CNBV's maximum period for resolving authorization requests under both Article 171 (special accounting criteria in the context of natural disasters) and Article 171 Bis (special accounting records for financial restructuring or corporate reorganization) is set at 60 business days from the day following receipt of the application.
Negative resolution by default: Where the CNBV fails to issue or notify its resolution within the 60 business day period, the application is deemed denied. Until the resolution is notified, brokerage firms must continue using the accounting criteria established in Annex 5 of the General Provisions.
The transitional provisions confirm that applications already submitted before the entry into force of the amending resolution will continue to be processed under the transitional rules of the December 31, 2025 General Agreement, and that existing authorizations already granted by the CNBV remain in force until their scheduled conclusion. This resolution comes into effect on July 7, 2026.