MEXICO
On September 13, the Chamber of Deputies released the legislative agendas of the different parliamentary groups for the first ordinary period of the first year of the Sixty-fifth Legislature. Among the agendas, the one of the ruling party MORENA stands out, which proposes amendments to various financial regulations. Here you can access the document issued by this parliamentary group on the priority points to be dealt with in the Chamber of Deputies.
Among the main issues that MORENA will seek to promote, there is a bill to structurally modify the Law for the Protection and Defence of Financial Services Users and a reform to the Law to Regulate Financial Technology Institutions, with the aim of indicating which financial authorities will intervene in cases where a Financial Technology Institution (IFT in Spanish) is detected as not having the corresponding authorisation to operate as such.
The party will also seek to advance on a bill to prevent financial users from losing bank accounts in which they do not make transactions and another one to reform the Federal Law for the Prevention and Identification of Operations with Resources of Illicit Origin, in order to improve the detection of operations with illicit resources and to identify the final beneficiaries of transactions with such resources.
It is important to note that the document highlights that none of these initiatives has been presented so far, but this could happen in the short term.
On the other hand, we attach the agendas of the parties allied to the ruling party: Partido Verde Ecológico de México (PVEM in Spanish) and Partido del Trabajo (PT in Spanish). In both cases they do not include issues of interest to your sector. Finally, we also bring you the agendas of the opposition parties: Partido de Acción Nacional (PAN in Spanish), Partido Revolucionario Institucional (PRI in Spanish), Partido de la Revolución Democrática (PRD in Spanish) and Movimiento Ciudadano (MC in Spanish). These also did not include provisions of interest to your sector.