Mexico

Mexico

Mexico passed a decree eliminating foreign participating restrictions in the financial sector

11 Jan 2014

On 10 January, 2014, a decree was published in the Federal Official Gazette in order to reform the regulation of the Mexican financial sector. This decree eliminates all remaining restrictions pertaining specifically to foreign participation in the financial sector, particularly those related to insurance and bonding institutions, exchange houses, bonded warehouses, retirement funds management and credit information companies, securities rating agencies and insurance agents. The decree has been in force since the working day following its publication.