News & Analysis as of

Mexico Financial Institutions

Hogan Lovells

Reforma a las Disposiciones de Carácter General a que se refiere el artículo 115 de la Ley de Instituciones de Crédito

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El pasado 28 de agosto de 2024, la Secretaría de Hacienda y Crédito Público (“SHCP”) publicó la “Resolución que reforma, adiciona y deroga diversas de las Disposiciones de carácter general a que se refiere el artículo 115 de...more

Hogan Lovells

Amendment to the General Provisions referred to in Article 115 of the Credit Institutions Law

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On 28 August 2024, the Ministry of Finance and Public Credit (“Secretaría de Hacienda y Crédito Público – ‘SHCP’”) published the ‘Resolution that amends, adds and repeals several of the General Provisions referred to in...more

White & Case LLP

Digital Agents

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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

Mayer Brown

Mexican Reform Regarding Electronic Negotiable Instruments

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On March 26, 2024, the President of Mexico published the reform passed by the Mexican Congress to the General Law of Negotiable Instruments and Credit Transactions (Ley General de Títulos y Operaciones de Crédito, “LGTOC”),...more

Hogan Lovells

Potential Reform that amends the sanction procedure for Financial Laws in Mexico

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On October 3, 2023, the Mexican Senate approved and sent a draft of the Decree that amends several financial laws on administrative procedure ("Decree") to Mexico’s Chamber of Deputies for discussion and final approval, which...more

Holland & Knight LLP

Transición de la TIIE en operaciones derivadas en México

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El Banco de México (Banxico), el 2 de junio de 2023, publicó un comunicado de prensa relacionado con la transición de la Tasa de Interés Interbancaria de Equilibrio (TIIE) en moneda nacional a plazos mayores a un día hábil...more

Holland & Knight LLP

México reforma Leyes de Instituciones de Crédito, Mercado de Valores y Fondos de Inversión

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La Cámara de Diputados y el Senado de México aprobaron reformas a algunas leyes relacionadas con instituciones de crédito, mercado de valores y fondos de inversión. La Cámara de Diputados de México aprobó reformas a la Ley de...more

Holland & Knight LLP

Banxico anuncia avances en la transición hacia la TIIE de Fondeo y fechas límite en México

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El Banco de México (Banxico), el 13 de abril de 2023, publicó en el Diario Oficial de la Federación la Circular 3/2023 dirigida a Instituciones de Crédito y Sociedades Financieras de Objeto Múltiple Reguladas relativa a las...more

Hogan Lovells

Nuevas obligaciones de diversificación en colocación de financiamiento y revelación de información aplicable a Bancos

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El 17 de abril de 2022, la Comisión Nacional Bancaria y de Valores (la “CNBV”) publicó en el Diario Oficial de la Federación (“DOF”) modificaciones a las Disposiciones de Carácter General aplicables a las Instituciones de...more

Holland & Knight LLP

Se publicó la resolución que modifica disposiciones de instituciones de crédito en México

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Se publicó en el Diario Oficial de la Federación el 17 de abril de 2023 la resolución que modifica las disposiciones de carácter general aplicables a las instituciones de crédito la cual entrará en vigor el 1 de octubre de...more

Latham & Watkins LLP

Mexico’s New Sustainable Taxonomy - Voluntary for Now, but Designed to Expand

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The country’s financial authorities may evaluate potential regulatory efforts in conjunction with the Taxonomy following its rollout. In March 2023, Mexico published a finalized version of the country’s Sustainable...more

Foley & Lardner LLP

Mexico: Some Key Issues to Watch in a Financially Stressed Environment

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Following the bank receivership of Silicon Valley Bank (SVB) and similar situations with other stressed financial institutions in the U.S. and Europe, companies are concerned with their international assets and credits held...more

Orrick, Herrington & Sutcliffe LLP

FinCEN offers suspicious activity reporting guidance for human smuggling along U.S.- Mexico border

On January 13, the Financial Crimes Enforcement Network (FinCEN) issued an alert advising financial institutions on how to detect and report suspicious financial activity that may be related to human smuggling along the...more

Hogan Lovells

Las instituciones financieras deben adecuar y registrar sus comisiones

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A partir del 3 de marzo de 2023, las instituciones financieras bajo la supervisión del Banco de México deben adecuar sus comisiones al catálogo de comisiones publicado por el banco central....more

Hogan Lovells

Eliminación de la Tasa de Interés Interbancaria de Equilibrio (TIIE) a plazos de 28, 91 y 182 días

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El Banco de México emitió un comunicado en el que anuncia que prohibirá a las entidades financieras el uso de tasas de interés de referencia para plazos mayores a 1 día hábil bancario a partir de 2024....more

Hogan Lovells

Elimination of the Interbank Equilibrium Interest Rate (TIIE) for terms of 28, 91, and 182 days

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The Mexican Central Bank issued a press release announcing that it will ban financial entities from using benchmark interest rates for terms greater than 1 banking day as of 2024....more

Hogan Lovells

Financial entities must update their financial credentials and institutional keys before the CONDUSEF

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On October 14, 2022, the CONDUSEF issued new general provisions applicable to all financial institutions in order to standardize reporting obligations, reduce deadlines, and increase the obligations of financial institutions....more

White & Case LLP

Amendment to the Regulations applicable to mutual funds and their service companies

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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

Hogan Lovells

SPEI 2.0 – New Regulation for Indirect Participants

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New rules the Mexican electronic-transfer system known as SPEI were published on March 23, 2022 affecting fintech companies and smaller players that indirectly connect to this system through other bigger financial...more

White & Case LLP

Mexico: New defense procedure against inclusion in Blocked Persons List

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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

White & Case LLP

Mexico’s CNBV updates remote contracting requirements

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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

White & Case LLP

Regulatory update to remote onboarding procedures of various financial institutions

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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

White & Case LLP

Liquidity Requirements for Mexican banking institutions

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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

King & Spalding

Q2 2021: Latin America Enforcement Review

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This summary is part of our regular reporting of trends and developments related to investigations and enforcement activity into fraud, corruption, and other misconduct by authorities in the United States and the Americas and...more

Holland & Knight LLP

FinCEN Announces National AML/CFT Policy Priorities

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The Financial Crimes Enforcement Network (FinCEN) on June 30, 2021, issued national priorities for anti-money laundering (AML) and countering the financing of terrorism (CFT) policy (the Priorities), as required by the...more

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