13 Nov CNBV – Format to inform the signing of information exchange agreements
November 13, 2020 – Entities that are part of financial groups in terms of the Law to Regulate Financial Groups may exchange information with other financial entities that are part of the same group in certain cases and subject to the conditions established in the regulations.
Therefore, the official format is issued to inform the National Banking and Securities Commission regarding the signing of agreements entered into by entities that belong to the same financial group for the exchange of information on those operations that they carry out with their clients or users, and whose purpose is to strengthen the measures to prevent and detect acts, omissions or operations that could update the assumptions provided in the articles in articles 139 Quáter and 400 Bis of the Federal Criminal Code.
The foregoing implies that financial entities must incorporate the report format into their reporting systems, which will be sent only once, without the possibility of future modifications.
Jurisdictions affected: Mexico
For more information, visit Comisión Nacional Bancaria y de Valores.