Secretaría de Hacienda and CNBV Issue Resolution for Financial Technology Institutions
The Secretaría de Hacienda and Crédito Público, through the Comisión Nacional Bancaria y de Valores (CNBV), has issued a resolution to modify general provisions applicable to Financial Technology Institutions (ITFs). The aim is to harmonize their accounting framework with the Financial Information Standards (NIF).
Key Changes in the Resolution
- Updated accounting criteria and regulatory reports: The modifications, published in the Diario Oficial de la Federación, cover updates for Crowdfunding Financing Institutions (IFC) and Electronic Payment Funds (IFPE), replacing various sections of Annexes 6, 7, 18, and 19.
- Valuation of non-short-term capital investments: The resolution includes the registration of investment valuations not traded in the short term to reduce result volatility caused by unrealized valuations and provide greater stability to financial statements.
- Precise guidelines for asset deterioration, derivative financial instrument accounting, transfer and write-off of financial assets, virtual asset accounting treatment, and report operations
- Strengthened criteria for financial information disclosure
Implementation and Timeline:
The resolution will take effect on January 1, 2026. Adjustments must be recorded according to the NIF B-1 on accounting changes and error corrections.
Broader Regulatory Harmonization Efforts
This adjustment is part of a larger regulatory harmonization process that the CNBV has been promoting in recent years. For instance, adjustments have been made to provisions applicable to banks, credit unions, and multiple-purpose financial societies under regulation, incorporating preventive reserves methodologies and portfolio rating adjustments.
Similarly, changes have been introduced in Sofipos’ accounting criteria, and upcoming adjustments are anticipated for Savings and Loan Cooperatives to ensure convergence with the NIF and, in some cases, international standards.
Hacienda Supports Fintech Growth
The modification is part of the publication of the Paquete Económico 2026, where the Secretaría de Hacienda highlighted its commitment to strengthening the Fintech ecosystem.
The department aims to promote the market entry of new participants in the Financial Technology Institutions sector, with the goal of expanding competition, driving innovation, and ensuring financial inclusion in Mexico.
Key Questions and Answers
- What is the purpose of this resolution? The resolution aims to harmonize the accounting framework of Financial Technology Institutions (ITFs) with the Financial Information Standards (NIF).
- When will these changes take effect? The resolution will be implemented on January 1, 2026.
- What types of institutions are affected by these changes? The resolution impacts Crowdfunding Financing Institutions (IFC), Electronic Payment Funds (IFPE), and other Financial Technology Institutions (ITFs).
- What broader efforts is this resolution part of? This resolution is part of the Secretaría de Hacienda’s broader initiative to strengthen Mexico’s Fintech ecosystem and promote financial inclusion.
