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In Cybersecurity, Data and Tech

Mexico mandates reporting of telecoms infrastructure

by , , and 4 Mins Read

Telecommunications concessions and authorization holders and other companies that own or use telecommunications or broadcasting infrastructure must provide certain information to the Federal Telecommunications Institute through the National Information and Infrastructure System (Sistema Nacional de Información e Infraestructura (SNII)). The obligation to report such information is effective as of January 2025. The SNII is a database that will contain information on active infrastructure and means of transmission, passive infrastructure, rights of way and public and private sites used by operators providing telecommunications or broadcasting services.

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In Anti-Corruption

Mexico: Incorporation of the Secretary of Anti-corruption and Good Governance, replacing the Secretary of Public Administration

by , and 2 Mins Read

On 17 October 2024, president Claudia Sheinbaum and the head of the Secretary of Public Administration announced a new model for preventing and combating corruption with the transformation of the Secretary of Public Administration into the Secretary of Anti-Corruption and Good Government. This new entity will focus on the prevention of corruption by strengthening public management through modernization, transparency and collaboration with different sectors.
This new model proposes moving from a corrective approach to a preventive one, combating corruption from the root.

In Employment

Mexico: Social Security Institute will require the use of digital tools through the IMSS Mailbox

by , and 3 Mins Read

On 7 June 2024, the Official Gazette of the Federation published changes to Social Security Law. The new digital “IMSS Mailbox” is mandatory for employers and will be the exclusive means for communicating with the Institute. The IMSS will issue general rules for the operation of the IMSS Mailbox within 60 days. Failing to register may mean forfeiting the opportunity to challenge adverse resolutions.

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In Cybersecurity, Data and Tech

Mexico: Do you have telecommunications infrastructure? You must report it to the new National Infrastructure Information System

by , , and 4 Mins Read

Telecommunications concessions and authorization holders and other companies that own or use telecommunications or broadcasting infrastructure must provide certain information to the Federal Telecommunications Institute through the National Information and Infrastructure System (Sistema Nacional de Información e Infraestructura (SNII)). The obligation to report such information is effective as of July 2024. The SNII is a database that will contain information on active infrastructure and means of transmission, passive infrastructure, rights of way and public and private sites used by operators providing telecommunications or broadcasting services.

In Corporate Compliance

Doing Business in Mexico 2024

by 2 Mins Read

Thanks to its proximity to the United States, Mexico has become an attractive investment hub. Mexico’s manufacturing capabilities align well with this trend, positioning the country favorably to seize the opportunity. We hope that this guide will give you an initial perspective into the fundamentals of ramping up operations in Mexico.

In AML & Financial Services Regulatory

Mexico: New Regulation improves digital commerce transactions by allowing the use of electronic credit instruments

by , , and 7 Mins Read

Mexican lawmakers have passed amendments to the General Law on Negotiable Instruments and Credit Transactions and the General Law of Credit Organizations and Auxiliary Credit Activities. These amendments allow the issuance of digital versions of credit instruments, such as certificates of deposit, promissory notes, bills of exchange and checks.

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In ESG

Mexico: New environmental taxes in the state of Mexico

by , and 4 Mins Read

On 1 April 2024 new provisions contained in the Financial Code for the State of Mexico will become effective, with regard to the following taxes:

  1. Ecological Tax on Waste Disposal, Confinement and Storage (“The Waste Tax”);
  2. Tax on Pollutant Emissions to Water (“Water Tax”).

There are also new rates applicable to the Tax on Pollutant Air Emissions (“Air Emissions Tax”), in force since 2022.

In ESG

Mexico: Reform of the Securities Market Law – Sustainable development policies

by 6 Mins Read

On 28 December 2023, the decree which amends, supplements, and abrogates certain provisions of the Mexican Securities Market Law (Ley del Mercado de Valores) and the Law of Investment Funds (Ley de Fondos de Inversión), was published in the Official Gazette (Diario Oficial de la Federación), and entered into force on the following day to its publication, i.e., on 29 December 2023. The decree establishes that the Ministry of Finance and Public Credit (Secretaría de Hacienda y Crédito Público), with the prior opinion of the National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores) (CNBV) and Banco de México, shall issue within a period of no more than 365 days, from the date of its publication, secondary general provisions, regarding sustainable development, in order to strengthen corporate governance, adoption of best market practices and gender equality in corporations, issuers and other participants that operate within the Mexican securities market.

In Product Regulation & Liability

Mexico: Influencers Advertising Guide of the Federal Consumer Protection Office

by , , and 3 Mins Read

On 21 August 2023, the decree by which the Influencers Advertising Guide of the Federal Consumer Protection Office (PROFECO) was published, which is a reference tool for content creators, influencers, and the general public for due compliance with the provisions on advertising established in the Federal Consumer Protection Law.

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