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

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.

• Type:

  • Entry and establishment (Ownership and control)

• Industry:

  • Services (Financial and insurance activities)

• Sources:

  • Diario Oficial de la Federación, DECRETO por el que se reforman, adicionan y derogan diversas disposiciones en materia financiera y se expide la Ley para Regular las Agrupaciones Financieras, http://www.dof.gob.mx/nota_detalle.php?codigo=5329408&fecha=10/01/2014, 10 Jan 2014
  • Economist Intelligence Unit, Mexico economy: Quick View - Senate approves banking reform after delay, http://viewswire.eiu.com/index.asp?layout=VWArticleVW3&article_id=1661307950®ion_id=&country_id=1520000152&channel_id=190004019&category_id=&refm=vwCh&page_title=Channel+Latest, 05 Dec 2013