Banxico Issues Regulations on API’s
Mexico’s Central Bank published today Regulation 2/2020 under the Law of Financial Technology Institutions with respect to the development of API’s by credit bureaus and clearing houses. Such entities should...
COP 26 Lanzamiento de la Agenda del Sector Privado
On February 27, 2020, the ‘COP26 Private Finance Agenda’ was launched in London (the “Agenda”). The Agenda aims to assist the private sector in its transition to a net zero...
Insurance Newsletter: Release of the Principles of Reinsurance Contract Law
We inform our clients and friends that on November 28, 2019, the Principles of Reinsurance Contract Law (the “Principles”) were published by the Project Group (joint venture set between several...
Creation of the Mexican Federal Agency of Civil Aviation
On October 16, 2019, a decree was published in the Federal Official Gazette (Diario Oficial de la Federación) creating the Federal Agency of Civil Aviation (Agencia Federal de Aviación Civil,...
Actualización: Iniciativa de reforma a la Ley de los Sistemas de Ahorro para el Retiro
El 30 de septiembre de 2019, la Cámara de Senadores aprobó la iniciativa presentada por el Poder Ejecutivo Federal (la “Iniciativa”), misma que fue aprobada por...
Antitrust Attorney-Client Privilege Regulations
The Mexican Federal Antitrust Commission (“Commission”) published new regulations regarding attorney-client privilege (“Regulations”) that became effective on September 30th, 2019. The Regulations are aimed at establishing a process whereby information...
Proposed Tax Amendments in the 2020 Budget Bill
On September 8, 2019, the Executive delivered to the Mexican Congress the Budget Bill for 2020, which includes the proposed “Decree by which various provisions of the Income Tax Law, Value...
Business Plan of Petróleos Mexicanos
On July 16 of 2019, the director of Petroleos Mexicanos (“PEMEX”), Octavio Romero, announced the Business Plan of PEMEX and its Productive Subsidiaries for 2019-2023 (the “Business Plan”). In this...
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...
Minimum Paid-In Capital of Insurance and Surety Companies
On June 24, 2019, the National Insurance and Bonding Commission (Comisión Nacional de Seguros y Fianzas) published in the Official Gazette of the Federation (Diario Oficial de la Federación) the...
