On October 12, 2020, the Resolution that reformed the General Rules applicable to Credit Institutions (the “Resolution”), issued by the Mexican Banking and Securities Commission (the “CNBV”), was enacted in the Federal...more
Additional measures to promote an orderly behavior in the financial markets strengthen credit granting channels and provide liquidity for the sound development of the financial system in Mexico....more
5/29/2020
/ Banks ,
Collateral ,
Coronavirus/COVID-19 ,
Credit ,
Exchange Rates ,
Federal Loans ,
Financial Markets ,
Foreign Exchanges ,
Hedging ,
Liquidity ,
Mexico ,
Mexico Central Bank ,
Micro Entity Status ,
Relief Measures ,
Small and Medium-Sized Enterprises (SMEs) ,
Small Business Loans ,
Stock Repurchases ,
Swaps
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
The present alert offers an analysis of the possible legal implications of coronavirus ("COVID-19") in civil and commercial commitments, under Mexican Law. The coronavirus was first notified on December 31, 2019, in Wuhan,...more