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ARTICLE · 01 NOVEMBER 2018

Federal Commission On Regulatory Improvement Issues Two Drafts Of Rules And Provisions For Financial Technology Institutions

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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.

MexicoTechnology
Jones Day
Jones Day
Daniel D'Agostini
Daniel D'Agostini
Juan Carlos Quinzaños
Juan Carlos Quinzaños
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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.

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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