General Regulations Regarding Companies Authorized to Operate Innovative Models Pursuant to in the Financial Technology Institutions Law

On March 8, 2019, the General regulations regarding companies authorized to operate innovative models pursuant to in the Financial Technology Institutions Law (Disposiciones de carácter general relativas a las sociedades autorizadas para operar modelos novedosos a que hace referencia la para Regular las Instituciones de Tecnología Financiera) (the “Regulations”) were published in the Official Gazette of the Federation (the “Official Gazette”) issued by the Ministry of Finance and Public Credit (Secretaría de Hacienda y Crédito Público), through the National Commission of the Retirement Savings System (Comisión Nacional del Sistema de Ahorro para Retiro), which seek to regulate certain provisions of the Financial Technology Institutions Law (the “Fintech Law”), in connection with the temporary authorization for the operation of innovative models. The Regulations will enter into force 30 days after the date of their publication in the Official Gazette


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