El 20 de mayo de 2020, la Secretaría de Hacienda y Crédito Público, publicó en el Diario Oficial de la Federación una Resolución por medio de la cual ordena en un solo instrumento las disposiciones que establecen la forma y requisitos de los informes que deben presentarse ante la Comisión Nacional Bancaria y de Valores relativos a: (i) la integración y cambios de sus Comités de Comunicación y Control, y (ii) la designación o revocación del Oficial de Cumplimiento, entre otros.

A través de esta Resolución, se abrogaron las siguientes Resoluciones:

“Resolución por la que se expide la información y se dan a conocer los medios electrónicos para comunicar la integración y cambios del Comité de Comunicación y Control, se informe del funcionario designado como oficial del cumplimiento, se remita información de la identidad de la persona o grupo de personas que ejercen el control de la sociedad, así como por el que se informe de la transmisión de acciones por más del 2 por ciento del capital social pagado, según corresponda, contemplados en las disposiciones de carácter general que se indican”, publicada el 7 de febrero de 2013; y  “Resolución por la que se expide el formato oficial y se dan a conocer el medio electrónico para comunicar la información de la persona designada como representante o, en su caso, oficial de cumplimiento, contemplado en las disposiciones de carácter general a que se refiere el artículo 226 Bis. de la Ley de Mercado de Valores, aplicables a los asesores de inversión”, publicada el 26 de julio de 2016.

La nueva Resolución no genera nuevas cargas regulatorias, y tiene como objetivo facilitar el acceso a la normatividad a las personas obligadas en presentar esta información.

La Resolución entró en vigor el 21 de mayo de 2020.

En caso de requerir más información en relación con temas de Prevención de Lavado de Dinero y su regulación, comuníquese con sus contactos habituales en Nader, Hayaux & Goebel, o con Luciano Pérez Gómez +52 (55) 4170 3027 [email protected] o Ángel Escalante +52 (55) 4170 3088 [email protected]

On 10 March 2020, partner Luciano Pérez participated in C3NTRO Telecom’s “TECHTALK” on the developments, challenges and solutions facing the Fintech industry in Mexico.

The entire recording of the event can be viewed here: c3ntro zoom recording

Nader, Hayaux & Goebel has a strong reputation as one of the leading firms in Mexico that attracts a consistent stream of major, complex, multi-jurisdictional and sophisticated Fintech mandates.

The firm stands out in the market for the diversity of its client roster and for the pioneering and innovative quality of its Fintech matters, which represent the evolution of banking and finance.

This is due to its market-leading ability to advise upon regulatory implications, cross-border transactions, payments systems and cryptocurrency issues, all of which require a high level of lawyering and a pioneering attitude in often uncertain and developing regulatory terrain.

“[…]a first-rate Fintech practice with a diverse client base, encompassing international heavyweights and pioneering startups such as neo-banks, payment platforms and crypto-trading solutions”.

Chambers & Partners | FinTech 2020  (Band 1)

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The Ministry of Finance published a resolution issued pursuant to the Law of Financial Technology Institutions providing the forms to be used for reporting to the Finance Ministry the appointment of the Compliance Officer, the composition of the Communication and Control Committee, and to report relevant, unusual and internal transactions for Mexican e-wallet and crowdfund institutions.

Fintech institutions must deliver the reports through the electronic system operated by the National Banking and Securities Commission (STIV); the reports related to the first two quarters of 2020 are to be filed within the first ten business days of July.

Thereafter, reports must be delivered within three business days of a transaction being characterized as reportable. For additional information regarding the foregoing, please feel free to get in touch with your usual contacts at Nader, Hayaux & Goebel.

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 obtain prior authorization of the Central Bank to set up an API by May, 2021.

Application for authorization must include, among others, evidence that the relevant API meets the interoperability standards (set forth in the Regulation), a draft interconnection agreement, and a work plan encompassing technical, legal, corporate governance and operative measures that should be implemented with respect to the API.

Similarly, financial entities and specialized third parties should obtain prior authorization of the Central Bank to access information through the APIs. Sharing of transactional information of users will be subject to an additional authorization by the Central Bank. Rules to obtain such authorization will be forth coming.

For further information with respect to this regulation, please reach out to your regular contacts at Nader, Hayaux & Goebel or contact Adrián López G., Luciano Pérez G., or Gunter Schwandt G.

Partners Héctor Arangua and Adalberto Valadez have contributed the Mexico chapter of the Chambers Investment Funds 2020 Guide.

This cross-border legal guide provides a global comparison of fundamental legal, tax and regulatory considerations relating to the establishment and operation of investment funds in a range of jurisdictions where the industry is active. Each chapter is written by leading legal advisers from the relevant jurisdiction, providing information on the structures typically used, the regulatory framework for those funds, any significant operational requirements, how the funds may be marketed, a summary of the tax treatment for both the fund itself and investors, and customary or common terms.

This guide seeks to provide guidance on the key questions arising when industry participants are seeking to establish, operate, market and/or invest in an investment fund. Investment funds often operate across multiple jurisdictions. Those who understand the global landscape will be at a distinct commercial advantage, as well as minimising their risk of falling foul of local laws.

You can download the PDF of the Mexico chapter aquí.

More info and the 25 country chapters are available on sitio oficial de Chambers.

Este 27 de febrero de 2020, se presentó en Londres la “Agenda del Sector Privado para la COP26” (la "Agenda").Agenda”).

La Agenda consiste en ayudar al sector privado en su transición a una economía sin impacto por emisiones de carbono.

El objetivo es lograr que cualquier decisión financiera profesional tome en cuenta el cambio climático. La Agenda se centrará en crear un marco regulatorio adecuado para la presentación de reportes, la administración de riesgos y resultados para financiar la transición de toda la economía. Lo anterior va a requerir que cada empresa, banco, institución de seguros e inversionista ajuste sus modelos de negocio para un mundo de bajas emisiones de carbono.

La COP 26 –organizada por el Reino Unido e Italia- también buscará mejorar el apoyo a países en desarrollo para poder transitar a un futuro próspero en una economía global de cero emisiones de carbono.

Para mayor información en relación con la Agenda, a continuación encontrará la liga a la página correspondiente https://www.bankofengland.co.uk/events/2020/february/cop26-private-finance-agenda-launch https://www.bankofengland.co.uk/events/2020/february/cop26-private-finance-agenda-launch.

Estaremos dando puntual seguimiento a los trabajos y desarrollo de la Agenda, para lo cual nos ponemos a sus órdenes en caso de que tenga cualquier comentario en relación con lo anterior y para brindarle la asesoría que requiera por lo que respecta a la implementación de la Agenda y la evaluación de su impacto en sus operaciones.

En caso de requerir más información en relación con la Agenda del Sector Privado para la COP 26 o en la aplicación de los objetivos de desarrollo sustentable (ODS) en su negocio, comuníquese con sus contactos habituales en Nader, Hayaux & Goebel o con Yves Hayaux-du-Tilly L. +52 (55) 4170 3003 [email protected] [email protected].

The Firm is proud to share that its Fintech practice was included in Band 1 in the recently released Chambers Guide. The emerging Fintech landscape in Mexico has been a focal point for the Firm for some time, and we are thrilled to see our efforts and work recognized.

Chambers describes our practice as follows: “For many years, Nader, Hayaux y Goebel has operated at the highest level in handling banking and finance and capital markets matters in Mexico via its team’s strong regulatory expertise. In FinTech matters, the firm reinforces its regulatory prowess with an impressive TMT offering. The result is a first-rate FinTech practice with a diverse client base, encompassing international heavyweights and pioneering startups such as neo-banks, payment platforms and crypto-trading solutions.”

“They’ve been been really helpful in assisting us to strategically navigate the market and they’ve clarified tons of questions – even those we didn’t ask.” 

Chambers – Fintech 2020

Client feedback includes: “They are very strong in their expertise. An experienced team and the right connections in the industry. They’ve been been really helpful in assisting us to strategically navigate the market and they’ve clarified tons of questions – even those we didn’t ask.”

We are particularly proud with Adrián López‘ inclusion as Notable Practitioner, individually ranked in Band 2.

He receives effusive praise:

“Adrián López has considerable experience advising leading foreign and domestic financial institutions in connection with M&A transactions, regulatory compliance and business structuring in relation to digital services and products. Clients appreciate his diligent and pragmatic approach in regulatory analysis and his solid advice in groundbreaking new areas of the financial sector such as cryptocurrencies, where the legal framework can be hazardous to navigate”.

The Mexico Chapter of this Chambers Guide can be downloaded aquí.

Our Partners Adrián López y José Humberto Rocha contributed to the Chambers Acquisition Finance Practice Guide 2019: Mexico Chapter. The Acquisition 2019 guide provides expert legal commentary on key issues for businesses. The guide covers the important developments in the most significant jurisdictions.

You can read the full article at Chambers & Partners website.

Our Partner Alejando Mendiola contributed to the Chambers Global Practice Guide – Cartels, Mexico chapter. The Cartels guide provides expert legal commentary on the key issues for businesses with competition matters. The guide covers the important developments in the most significant jurisdictions.

You can read the full article aquí or go to Chambers & Partners website.