On September 10, the Ministry of Treasury and Public Credit, the National Banking and Securities Commission and the Bank of Mexico, issued and published in the Official Federal Gazette (the “DOF”) the General provisions applicable to the Financial Technology Institutions, the general provisions referred to in Article 58 of the Law to Regulate Financial Technology Institutions (the “Provisions”) and the Circular 12/2018 directed to the Electronic Funds Transfer Institutions, regarding the general provisions applicable to the operations of the Electronic Funds Transfer Institutions(the “Circular”), complying with the deadlines indicated in the Law for Regulating Financial Technology Institutions published on March 9th of this year in the DOF.
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