English

APPROVAL OF DISPOSITIONS IN DIVERSE ENTITIES OF THE COUNTRY PROHIBITING THE DISTRIBUTION, EVEN DISTRIBUTION FREE OF CHARGE, OF STRAWS, PLASTIC BAGS AND STYROFOAM CONTAINERS.

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APPROVAL OF DISPOSITIONS IN DIVERSE ENTITIES OF THE COUNTRY PROHIBITING THE DISTRIBUTION, EVEN DISTRIBUTION FREE OF CHARGE, OF STRAWS, PLASTIC BAGS AND STYROFOAM CONTAINERS. During 2018 and the first months of this year, different States and Municipalities of the country have approved modifications to their environmental laws and regulations, respectively, to prohibit the use and […]

Banking & Finance

THE MEXICAN CENTRAL BANK (BANCO DE MÉXICO) PUBLISHES CIRCULAR 4/2019 ADDRESSED TO CREDIT INSTITUTIONS AND FINANCIAL TECHNOLOGY INSTITUTIONS REGARDING THE GENERAL PROVISIONS APPLICABLE TO CREDIT INSTITUTIONS AND FINANCIAL TECHNOLOGY INSTITUTIONS IN THE OPERATIONS THEY PERFORM WITH VIRTUAL ASSETS.

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THE MEXICAN CENTRAL BANK (BANCO DE MÉXICO) PUBLISHES CIRCULAR 4/2019 ADDRESSED TO CREDIT INSTITUTIONS AND FINANCIAL TECHNOLOGY INSTITUTIONS REGARDING THE GENERALPROVISIONS APPLICABLE TO CREDIT INSTITUTIONS AND FINANCIAL TECHNOLOGY INSTITUTIONS IN THE OPERATIONS THEY PERFORM WITH VIRTUAL ASSETS. On March 8, 2019,the Federal Official Gazette (DOF) published circular 4/2019, issued by the Mexican Central Bank, which […]

Energy

NEW OIL REFINERY IN DOS BOCAS, TABASCO

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On March 12, 2019, Mexican President AndrésManuel López Obrador announced that tender to award contracts related to the construction of the new oil refinery to be located in the municipality of Dos Bocas, Tabasco State, could possibly be call by the Energy Ministry this coming March 18, 2019. According to the Mexican government, for the […]

Banking & Finance

THE MINISTRY OF FINANCE (SECRETARÍA DE HACIENDA Y CRÉDITO PÚBLICO) (“SHCP”) AND THE NATIONAL COMMISSION FOR THE PENSION SYSTEM (COMISIÓN NACIONAL DEL SISTEMA DEL AHORRO PARA EL RETIRO) (“CONSAR”) ISSUE SECONDARY PROVISIONS TO OPERATE INNOVATIVE MODELS REFERRED TO IN THE LAW TO REGULATE FINANCIAL TECHNOLOGY INSTITUTIONS (LEY PARA REGULAR LAS INSTITUCIONES DE TECNOLOGÍA FINANCIERA).

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SHCP and CONSAR On March 8,2019, the Ministry of Finance and the National Commission for the PensionSystem published through the Federal Official Gazette (Diario Oficial de la Federación) the general provisions regarding Authorized Companies to operate innovative models referred to in the Law to Regulate Financial Technology Institutions. An authorized company is the legal entity […]

Banking & Finance

DRAFT RESOLUTION MODIFYING THE GENERAL PROVISIONS APPLICABLE TO FINANCIAL TECHNOLOGY INSTITUTIONS

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Draft Resolution modifying the General Provisions applicable to Financial Technology Institutions (“General Provisions for Financial Technology Institutions”). On February 7, 2019, the National Commission for Regulatory Improvement (“CONAMER”) published on its website the Draft Resolution that modifies the General Provisions for Financial Technology Institutions. The purpose of the regulatory proposal is to issue the general […]

English

CONSTRUCTION OF THE MAYAN RAILROAD

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On February 11, 2019, Mexican President, Andrés Manuel López Obrador announced relevant updates related to the construction of one of the biggest infrastructure projects for his administration, the 1,525km (950-mile) Mayan Railroad, same that will link key tourism cities in the Yucatan peninsula such as Palenque and Cancún among others and expected to be completed […]

English

LOGISTIC CENTER FOR THE DISTRIBUTION AND TRANSPORTATION OF OIL PRODUCTS

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LOGISTIC CENTER FOR THE DISTRIBUTION AND TRANSPORTATION OF OIL PRODUCTS On January 17, 2019, the President of Mexico, Andrés Manuel López Obrador, passed an executive order whereby he proposed the creation of the “Logistic Center for the Distribution and Transportation of Petroleum Products” (the “Center”), as a decentralized administrative entity separate from the Ministry of […]