Mexico:
Federal Commission On Regulatory Improvement Issues Two Drafts Of Rules And Provisions For Financial Technology Institutions
01 November 2018
Jones Day
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On August 6 and 7, the Federal Commission on Regulatory
Improvement (Comisión Federal para la Mejora
Regulatoria) issued two drafts of rules and provisions for
Fintech institutions. The first draft, General Rules Regarding Article 58 of the Law to
Regulate Financial Technology Institutions, establishes a legal
framework for Fintech institutions addressing anti-money laundering
and counter-financing of terrorism (source document in Spanish).
The second draft,
General Provisions for Financial Technology Institutions,
regulates registration and operating requirements for Fintech
institutions (source document in Spanish).
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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