On July 11, 2024, the Resolution amending the Regulations applicable to credit institutions (the "Resolution") regarding Digital Agents was published in the Federal Official Gazette.
The purpose of the Resolution is to...more
On December 28, 2023, a decree was published to reform and add several provisions to the Mexican Securities Market Law (Ley del Mercado de Valores) and the Investment Funds Law (Ley de Fondos de Inversión) (the "Reform...more
On January 20, 2023, the Ministry of Finance and Public Credit issued resolutions that amend the Anti-Money Laundering ("AML") General Provisions (the "Amendments") applicable to Investment Advisors, and Credit Unions,...more
On August 16, 2022, the Resolution that amends the General Provisions applicable to mutual funds and their service companies (the "CUFI", and the resolution that amends it, the "Amendment") was published in the Federal...more
Strong pandemic-era performance and a look around the corner
"IPO activity in Latin America has hit record levels in 2021, with the region’s largest economy taking the lion’s share of the bounty."
During the first eight...more
On January 28, 2021, the Mexican Central Bank and the National Banking and Securities Commission ("CNBV"), published in the Federal Official Gazette the "General regulations applicable to e-money Institutions pursuant to...more
On September 30, 2020, the Mexican Central Bank (Banxico) published in the Federal Official Gazette Regulation 36/2020 addressed to securities issuers and Securities Depository Institutions, governing the electronic issuance...more
On September 25, 2020, the Federal Executive submitted to the House of Representatives an amendment bill regarding an "INITIATIVE WITH DECREE PROJECT THROUGH WHICH CERTAIN PROVISIONS OF THE SOCIAL SECURITY LAW (LEY DEL SEGURO...more
On July 15, 2020, the National Banking and Securities Commission (the "CNBV") published in the Federal Official Gazette ("DOF") a resolution establishing administrative measures to resume activities during the contingency...more
Under Article 76 of the Law regulating the Financial Technology Institutions ("Fintech Law") financial institutions, money transmitters, credit reporting companies, clearing houses, financial technology institutions and...more
On March 30, 2020, the Public Health Council (Consejo de Salubridad Pública) declared a health emergency due to force majeure, caused by the epidemic generated by COVID-19, by virtue of the Resolution declaring the epidemic...more
Extension for compliance with the Resolution that amends the General Provisions applicable to credit institutions published in the Official Gazette of the Federation on August 29, 2017 (“Identity Verification Provisions”) in...more
Taking into account the health contingency enacted due to the COVID-19 pandemic in Mexico and in the world, as well as the prevailing uncertainty regarding the determination of the depth, duration and economic effects of such...more
On March 27, 2020, the Financial Intelligence Unit (Unidad de Inteligencia Financiera or “UIF”) and the Tax Administration Service (Servicio de Administración Tributaria or “SAT”) jointly issued a statement through which they...more
In response to the requests made by representatives of different financial entities regulated and supervised by the National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores or “CNBV”), the authority...more
As previously informed in our Client Alert from January 25, the Mexican Federal Executive branch submitted a bill that was published in the House of Representatives Parliamentary Gazette on January 23, 2019, with the purpose...more
5/9/2019
/ Amended Rules ,
CONSAR ,
Employee Rights ,
Enabling Laws ,
Fee Caps ,
Fees ,
Guaranty Claims ,
Mexico ,
Pension Funds ,
Proposed Legislation ,
Regulatory Agencies ,
Repeal ,
Retirement ,
Savings Plans ,
Securities
As reported in our Client Alert from January 10, 2019, a Presidential decree was published in the Official Gazette of the Federation on January 8, 2019, granting two tax incentives in the fixed income and equities securities...more
5/3/2019
/ Corporate Bonds ,
Corporate Issuers ,
FICAP ,
Foreign Nationals ,
Initial Public Offering (IPO) ,
Mexico ,
Regulatory Standards ,
Securities ,
Special Purpose Acquisition Companies (SPACs) ,
Stock Exchange ,
Tax Incentives
On March 19, 2019 a law initiative of Senator Ricardo Monreal Ávila was published in the Parliamentary Gazette of the Senate with a decree project, by means of which certain provisions of the Federal Civil Proceedings Code...more
4/10/2019
/ Acquisitions ,
Class Action ,
Class Members ,
Controlling Stockholders ,
Corporate Officers ,
Mexico ,
Minority Shareholders ,
Municipal Securities Market ,
Shareholder Litigation ,
Stock Markets ,
Tender Offers
On January 23, 2019, a bill proposed by the Mexican Federal Executive branch was published in the House of Representatives Parliamentary Gazette, with the purpose to amend, add and repeal various provisions of the Retirement...more
2/1/2019
/ Employee Contributions ,
Fees ,
Foreign Investment ,
Investment Companies ,
Investment Funds ,
Mexico ,
Pensions ,
Proposed Amendments ,
Retirement Plan ,
Savings Plans ,
Securities
On January 8, 2019, a Presidential decree was published in the Official Gazette of the Federation in which two tax incentives were granted....more