Money and Banking: Banking Laws

Credit Institutions Law 
(Ley de Instituciones de Crédito)

Date Enacted: 1990

Individuals and Organizations Regulated: Banks and other credit institutions in Mexico.

Activities Regulated: The Credit Institutions Law regulates the operations and activities of banks and other credit institutions in Mexico. It sets out the requirements for the establishment and operation of credit institutions, including capitalization, management, and corporate governance.

Purpose of the Law: The purpose of the Credit Institutions Law is to promote the stability, efficiency, and competitiveness of the Mexican banking system. The law aims to protect the interests of depositors and borrowers, and to ensure that banks and other credit institutions operate in a safe and sound manner.

Securities Market Law 
(Ley del Mercado de Valores)

Date Enacted: 1975

Individuals and Organizations Regulated: Companies and individuals involved in the securities market in Mexico.

Activities Regulated: The Securities Market Law regulates the issuance, trading, and offering of securities in Mexico. It sets out the requirements for the registration and authorization of securities offerings, as well as the conduct of securities market participants, including brokers, dealers, and investment advisers.

Purpose of the Law: The purpose of the Securities Market Law is to promote the development and regulation of a fair, transparent, and efficient securities market in Mexico. The law aims to protect investors by ensuring that securities offerings are adequately disclosed and that securities market participants operate in a professional and ethical manner.

National Banking and Securities Commission Law 
(Ley de la Comisión Nacional Bancaria y de Valores)

Date Enacted: 1995

Individuals and Organizations Regulated: National Banking and Securities Commission (CNBV) and its regulated entities.

Activities Regulated: The National Banking and Securities Commission Law regulates the operations and activities of the CNBV, which is responsible for supervising and regulating banks and other financial institutions, as well as the securities market in Mexico.

Purpose of the Law: The purpose of the National Banking and Securities Commission Law is to establish the legal framework for the supervision and regulation of the Mexican banking and securities industries. The law aims to protect the interests of consumers and investors, promote financial stability, and prevent illegal activities, such as money laundering and terrorist financing.

Anti-Money Laundering Law 
(Ley Anti-Lavado de Dinero)

Date Enacted: 2012

Individuals and Organizations Regulated: Financial institutions and other entities subject to money laundering regulations in Mexico.

Activities Regulated: The Anti-Money Laundering Law regulates the prevention and detection of money laundering and terrorist financing activities in Mexico. It sets out the requirements for financial institutions and other entities subject to the law to establish and maintain internal controls and procedures to detect and report suspicious activities.

Purpose of the Law: The purpose of the Anti-Money Laundering Law is to protect the integrity of the financial system in Mexico by preventing and detecting illegal activities, such as money laundering and terrorist financing. The law aims to promote compliance with international standards and best practices in the prevention and detection of money laundering activities.

Consumer Protection Law 
(Ley Federal de Protección al Consumidor)

Date Enacted: 1976

Individuals and Organizations Regulated: All businesses and service providers operating in Mexico.

Activities Regulated: The Consumer Protection Law regulates the relationship between consumers and businesses in Mexico. It sets out the rights and obligations of consumers and businesses, as well as the standards for advertising, pricing, and quality of products and services.

Purpose of the Law: The purpose of the Consumer Protection Law is to protect the rights of consumers in Mexico and to promote fair and transparent business practices. The law aims to prevent abusive and deceptive practices by businesses and to provide consumers with effective mechanisms for resolving disputes.

Foreign Exchange Law 
(Ley del Mercado de Cambios)

Date Enacted: 1994

Individuals and Organizations Regulated: Banks and other entities involved in foreign exchange transactions in Mexico.

Activities Regulated: The Foreign Exchange Law regulates the buying, selling, and exchanging of foreign currency in Mexico. It sets out the requirements for the authorization and registration of foreign exchange transactions, as well as the reporting and disclosure obligations of banks and other entities involved in foreign exchange transactions.

Purpose of the Law: The purpose of the Foreign Exchange Law is to promote the stability and competitiveness of the Mexican economy by regulating foreign exchange transactions. The law aims to prevent illegal activities, such as money laundering and terrorist financing, and to ensure the proper functioning of the foreign exchange market in Mexico.

Payment Systems and Electronic Funds Transfer Law
(Ley de Sistemas de Pagos y de Transferencias Electrónicas de Fondos)

Date Enacted: 2019

Individuals and Organizations Regulated: Payment service providers and other entities involved in electronic funds transfers in Mexico.

Activities Regulated: The Payment Systems and Electronic Funds Transfer Law regulates the operations and activities of payment service providers and other entities involved in electronic funds transfers in Mexico. It sets out the requirements for the authorization and registration of payment service providers, as well as the obligations for the security and confidentiality of electronic funds transfers.

Purpose of the Law: The purpose of the Payment Systems and Electronic Funds Transfer Law is to promote the development and regulation of a safe, efficient, and inclusive payment system in Mexico. The law aims to protect consumers by ensuring the security and confidentiality of electronic funds transfers, and to promote financial inclusion by facilitating access to payment services for all segments of the population.

Banking Law 
(Derecho Bancario)

Date Enacted: 1990

Individuals and Organizations Regulated: Banks and other financial institutions in Mexico.

Activities Regulated: The Banking Law regulates the operations and activities of banks and other financial institutions in Mexico. It sets out the requirements for the authorization and supervision of banks, as well as the obligations for the safety and soundness of the banking system.

Purpose of the Law: The purpose of the Banking Law is to promote the stability and competitiveness of the Mexican financial system by regulating the operations and activities of banks and other financial institutions. The law aims to protect depositors by ensuring the safety and soundness of the banking system, and to promote the development of a diversified and efficient financial system in Mexico.

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