Banking & FinanceEnglish

DRAFT RESOLUTION MODIFYING THE GENERAL PROVISIONS APPLICABLE TO FINANCIAL TECHNOLOGY INSTITUTIONS

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 provisions that the Financial Technology Institutions (“FTI´s”) must observe in the following matters:

  1. Information security;
  2. Operation and use of electronic, optical means or any other technology, automated data processing systems and telecommunications networks;
  3. Contracting services with third parties, national or foreign, for the provision of services necessary for the crowdfunding´s operation; and
  4. Information disclosure.

Lawyers from the banking and financial practice of our Firm will be delighted to provide you with further information on the Draft Resolution modifying the General Provisions applicable to Financial Technology Institutions.

SINCERELY,

Miguel Ángel Peralta peralta@basham.com.mx
Patrick Stockdale pstockdale@basham.com.mx
Pedro Said psaid@basham.com.mx

Mexico City, February 19th, 2019.

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