Mexico | Financial Regulation. March 2024

We present a summary and analysis of the most relevant developments and publications in Mexico's financial regulatory landscape.

Key points

• Key points:
• Legal amendments enabling the electronic issuance and transfer of negotiable instruments, requiring bonded warehouse certificates to be issued electronically.
• CNBV proposes a fraud prevention regime within banks' internal control framework.
• CNBV proposes adjustments to banks' regulatory reports in order to i) relax the selection and presentation of financial indicators and ii) favor the adequate treatment of items whose recognition over time exempts them from their deduction from regulatory capital.
• Bill amending the Federal Consumer Protection Law banning merchants from charging fees when receiving payments through debit or credit cards.
• Bill that would transfer unclaimed retirement funds to a "Welfare Pension Fund", charged with providing complementary payments to pensions below the average salary registered at the IMSS.

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