The National Commission of Banks and Insurance has resolved to amend Article 13 and Exhibits No. 1 and 3 of the Complementary Rules for Strengthening of Transparency, the Financial Culture and the Attention to Financial Users.

  1. To amend Article 13 and Exhibits No. 1 and 3 of the Complementary Rules for Strengthening of Transparency, the Financial Culture and the Attention to Financial Users, as follows:

Article13.- Submission of information to the CNBS for disclosure thereof tofinancial users.

Within the first ten (10) business days following the end of every month, the financial institution shall send to the Commission, information on the interest rates and fees applied to their active and passive operations of the previous month, in accordance with the formats established in the respective charts (No. 1-11) of Exhibit 1 to these Rules, and in a manner consistent with their current rates.

Likewise, within the first ten (10) business days following the end of every quarter, they shall send to the Commission the information contained in Chart No. 12 of the Exhibit to these Rules, concerning general information and credit cards fees.

Such information shall be published for comparison by type of financial institution on the Commission Website, as well as in any other means that the Commission may deem appropriate.

The information to be provided in said Exhibits shall correspond to the most representative modalities, that is, those with the highest number of financial users, specifically those modalities that represent eighty percent (80%) of the operations of the financial institution.

The submission of the information to which this Article refers shall be made through the electronic channels made available by the Commission for such purposes.

  1. To ratify the rest of the contents of Resolution GE No.1769/12-11-2012, which contains the Complementary Rules for Strengthening of Transparency, the Financial Culture and the Attention to Financial Users, approved by this Commissionon November 12, 2012, and published in the Official Journal “La Gaceta” No. 32,983 of November 24, 2012.
  2. To instruct the Secretariat of this Commission to send this Resolutionto the Official Journal “La Gaceta” for publication thereof.
  3. To communicate this Resolutionto the institutions of the Financial System, the Card Credit Issuers and the Private Organizations of Financial Development.