MODIFICACIONES A LAS DISPOSICIONES DE CARÁCTER GENERAL QUE ESTABLECEN EL RÉGIMEN DE INVERSIÓN AL QUE DEBERÁN SUJETARSE LAS SOCIEDADES DE INVERSIÓN ESPECIALIZADAS DE FONDOS PARA EL RETIRO (“Investment Regime”).

On October 25, 2024, the Resolution amending and adding the Investment Regime (the “Amendments to the Investment Regime” or the “Amendments”) was published in the Official Gazette of the Federation (“DOF”).

The main purpose of the Amendments is to incorporate the figure of simplified issuer, harmonize the limits of the assets subject to foreign currency investment, clarify several concepts established in the Investment Regime and promote efficiency and transparency in the provisions applicable to the Investment Companies Specialized in Retirement Funds (“Siefores”). With this, the regime applicable to simplified issuers is incorporated, aimed at facilitating the financing of small and medium-sized companies (“SMEs”), thus expanding the diversification options for investment companies.

Also, the categories of FIBRAs have been detailed, now classified into Generic and Mortgage FIBRAs, focusing on domestic investment. The Mortgage FIBRAs were added with the purpose of incorporating resources from the issue destined to manage and finance mortgage asset portfolios, contributing to the strengthening of the real estate sector through the management of real estate loans.

In addition, investment limits were introduced and modified (i) in assets denominated in foreign currencies, now established in Annex S, which will start at 35% of the Siefore's total assets and decrease as the Siefore's life expires until reaching 15%; (ii) increasing the investment limit in structured instruments, allowing an exposure of up to 30% of the Siefore's total assets, which will decrease as the Siefore's life expires until reaching 10% of its total assets.

This press release is provided for informational purposes only and does not constitute legal advice applicable to any case or situation.
If you have any questions regarding this press release,
please contact Mauricio Basila, mbasila@basila.mx; or Miguel López, mlopez@basila.mx
(5255)5520-3063

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