July 25, 2025
On July 24, 2025, a series of resolutions issued by the National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores) (CNBV) were published in the Official Gazette of the Federation (Diario Oficial de la Federación) (DOF), amending and adding various General Provisions applicable to different entities of the Mexican financial system. These amendments represent a comprehensive regulatory response aimed to strengthen the stability, continuity, and soundness of the Mexican financial system, especially in emergency situations or financial reorganization processes.
The amendments concern the implementation of special accounting criteria and special accounting records, which may be authorized by the CNBV for temporary application by entities in certain critical cases.
The amendments apply to the following entities:
• Banking Institutions (Instituciones de Crédito).
• Securities Brokerage Firms (Casas de Bolsa).
• General Warehouses (Almacenes Generales de Depósito), Currency Exchange Centers (Casas de Cambio), Credit Unions (Uniones de Crédito) and Multiple Financial Purpose Company (Sociedades Financieras de Objeto Múltiple) (S.O.F.O.M.).
• Financial Technology Institutions (Instituciones de Tecnología Financiera).
• Financial Development Agencies and Entities (Organismos y Entidades de Fomento).
These amendments are based, among other provisions, on Article 78 of the General Law on Regulatory Improvement (Ley General de Mejora Regulatoria), and their purpose is to reduce the cost of regulatory compliance and strengthen the framework for action in extraordinary situations. The resolutions allow, with prior authorization from the CNBV, the application of special accounting criteria when natural disasters declared as emergencies by the competent authorities occur, as well as special accounting records during financial restructuring processes.
The authorization request must be submitted by the entity’s legal representative or by a self-regulatory body recognized by the CNBV. It must include:
• A detailed description of the accounting criteria or record requested.
• Narrative and evidence of economic impact.
• Estimate of the impact on solvency, liquidity, and stability.
• Supporting data on how the proposed measures would help mitigate the negative effects.
• In the case of special records, evidence of approval by the entity’s board of directors must be included.
Entities that obtain authorization to apply these mechanisms must explicitly disclose this in their annual and quarterly financial statements, as well as in public financial announcements.
The publication of these amendments is particularly significant considering the recent challenges faced by several entities in the Mexican financial system. The provisions issued by the CNBV become strategic instruments that will allow these institutions to carry out controlled and supervised accounting adjustments without falling into regulatory non-compliance or distorting the financial information presented to the public and authorities.
These amendments strengthen the CNBV’s institutional capacity to face critical events and provide financial institutions with temporary mechanisms to mitigate adverse financial impacts. They also represent a regulatory evolution that harmonizes operational flexibility with accountability by requiring high standards of disclosure and authorization.
Ultimately, they place the Mexican financial system in a better position to face uncertainty without compromising its integrity or the confidence of the investing public.
The amendments will enter into force on the day following their publication.
The attorneys in the Banking and Finance practice area are at your disposal to answer any questions you may have regarding the above.
S I N C E R E L Y,
Miguel Angel Peralta
Pedro Said Nader
Carlos Keigo Chávez Kubota
Jerónimo Cordero Gutiérrez