Rules Applicable to Unconstitutionality Actions -
Unconstitutionality actions are abstract constitutional control mechanisms available to certain Governmental entities.1 The legal standard to accept and initiate these types...more
On March 30, 2022, the Energy Regulatory Commission ("CRE") published in the Federal Official Gazette the "General Provisions that establish the terms for submitting information regarding corporate purpose, legal, technical...more
On March 11, 2022, a reform to the Mexican Banking Law (Ley de Instituciones de Crédito) was published in the Federal Official Gazette (Diario Oficial de la Federación) in order to provide a new procedure for the defense of...more
3/15/2022
/ Anti-Money Laundering ,
Anti-Terrorism Financing ,
Banking Sector ,
Blocked Person ,
Broker-Dealer ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
FinTech ,
Insurance Industry ,
Mexico ,
Money Laundering ,
New Regulations ,
Terrorist Financing
In order to encourage the promotion and specialized attention of corporate restructurings and insolvency proceedings, by agreement of the Plenary of the Federal Judiciary Council of Mexico, two district courts specialized in...more
On February 17, 2022, the Ministry of Economy and Ministry of Energy published in the Federal Official Gazette (the "DOF") the "Resolution that abrogates the resolution that suspends all the consequences derived from the...more
On Thursday, September 9, the resolutions that reform, add and repeal the general rules on the prevention and identification of operations with resources of illicit origin applicable to financial cooperative associations...more
10/12/2021
/ Brokers ,
Client Identification Rule ,
Enforcement ,
FATF ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Investment Adviser ,
Lenders ,
Mexico ,
Regulatory Agenda ,
Threshold Requirements
On Thursday, September 9, the resolutions that reform, add and repeal the general rules on the prevention and identification of operations with resources of illicit origin applicable to financial cooperative associations...more
10/6/2021
/ Brokers ,
Client Identification Rule ,
Credit Applicants ,
Enforcement ,
FATF ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Investment Adviser ,
Lenders ,
Mexico ,
Regulatory Agenda ,
Threshold Requirements
On September 30, 2021, Mexican President Andrés Manuel López Obrador sent to the Chamber of Deputies an "Initiative with a draft of decree amending articles 25, 27 and 28 of the Political Constitution of the United Mexican...more
On Monday, August 23, the General Guidelines on Liquidity Requirements for Banking Institutions issued jointly by the National Banking and Securities Commission (the “Commission”) and Mexico’s Central Bank, Banco de México,...more
On May 19, 2021, the Mexican President Andrés Manuel López Obrador published in the Federal Official Gazette1 the "Decree amending the thirteenth transitory article of the Hydrocarbons Law" (the "Reform"), in order to...more
Following our client alert published on March 30, 2021, the "decree by which several provisions of the Hydrocarbons Law are amended and added" (the "Reform") was published on May 4, 2021 and entered into effect on May 5,...more
On April 23, 2021, the Decree amending, adding and repealing several provisions of the Federal Labor Law, the Social Security Law, the Law of the National Workers' Housing Fund Institute, the Federal Tax Code, the Income Tax...more
On March 26, 2021, Mexican President Andrés Manuel López Obrador sent to the Chamber of Deputies the "initiative to modify the Hydrocarbons Law," (the "Initiative").
The Initiative intends to modify relevant aspects of...more
On February 25, 2021, the National Agency for Industrial Safety and Environmental Protection of the Hydrocarbon Sector ("ASEA")1 published the "General administrative provisions that establish the Guidelines regarding the...more
On February 1, 2021, Mexican President Andrés Manuel López Obrador sent to the Chamber of Deputies the "Preferential treatment initiative to modify the Electricity Industry Law," (the "Initiative").
The Initiative would...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
Following our client alert published on November 17, 2020, it is informed that the Resolution that establishes the products whose import and exports is subject to regulation by the Ministry of Energy (the "Resolution") was...more
On December 17, 2020, the National Hydrocarbons Commission ("CNH") published in the Federal Official Gazette ("DOF") the Resolution CNH.E.50.002/2020 (the "Resolution"), by means of which the Administrative Provisions...more
On December 1, 2020, the Ministry of Economy ("SE") and the Ministry of Energy ("SENER") published the preliminary draft (the "Preliminary Draft") of the Resolution that establishes the products whose import and export is...more
On December 4, 2020, the Mexican National Banking and Securities Commission (the “CNBV”) issued through its website two notices informing the general public of the following:
I. Notice to the general public regarding...more
On November 30, 2020, the Mexican Ministry of Finance ("SHCP") issued the list of requirements for registration of the persons and entities that offer, on a professional basis, the exchange and custody of virtual assets with...more
Following our client alert published on October 12, 20201, described below are the projects announced in the Second Infrastructure Investment Plan, which includes 29 new projects, representing a total amount of MXN $228...more
Agreement for Economic Reactivation -
On October 5, 2020, President Andrés Manuel López Obrador, together with the Business Coordinating Council, executed the Agreement for Economic Reactivation (hereafter the "Plan"),...more
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
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