July 9, 2019
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Regulations on Websites, Publicity and Terms and Conditions offered by Financial Technology Institutions
The Federal Commission for the Defense of the Financial Consumer (Comisión Nacional para la Defensa de los Usuarios de Servicios Financieros) published today regulations applicable to Financial Technology Institutions. Such regulations provide certain requirements for the websites and publicity of Mexican Fintech institutions, as well as a number of mandatory terms and conditions for the products offered by such institutions. The regulations also include a catalogue of forbidden commercial practices. The regulations are applicable to both crowdfunds and e-wallet companies and will become effective on January 6, 2020.
For further information with respect to Fintech related, please contact your regular contacts at Nader, Hayaux & Goebel or any of Gunter A. Schwandt G. +52 (55) 4170 3052 [email protected], Luciano Pérez G. +52 (55) 4170 3035 [email protected], Adrián López González G. +52 (55) 4170 3058 [email protected] and Diego Sánchez V. +52 (55) 4170 3091 [email protected]