MEX CB Interbank Payment System

On Nov. 22, MEX CB rules on interbank data security standards.

  • MEX CB published Circular 11/2023 which made modifications to Circular 13/2017.
  • Referenced the information security officer of the interbank dollar payment system.
  • Applies to credit institutions and others that provide the fund transfer service.
  • In addition, it applies to participants in the payment system administered by MEX CB.
  • Key Provisions
  • Participants are obligated to have appointed information security officers at all times.
  • In accordance with internal regulations; inform the administrator of the appointment.
  • Conduct periodic compliance verification with the information security officer functions.
  • Provide data security officer a list of individuals with access to participant's operations.
  • List must include those abroad and technical user of infrastructure with high privileges.
  • Conduct periodic compliance verifications of the security requirements in their or any other third party that could affect participant's operation, technological infrastructure.
  • Effectiveness
  • The provisions of Circular 11/2023 will come into effect on Apr. 4, 2024.

Regulators MEX CB
Entity Types B/D; Bank; Corp
Reference OG, Cir 11/2023 11/22/2023
Functions Compliance; Cyber; Legal; Operations; Privacy
Countries Mexico
Products Banking; Payments; Securities
Regions Am
Rule Type Final
Rule Date 11/22/2023
Effective Date 4/24/2024
Rule Id 192305
Linked to N/A
Reg. Last Update 11/22/2023
Report Section International

Last substantive update on 11/26/2023