Last Updated November 12, 2018

Law and Practice

Contributed By Gonzalez Calvillo, S.C.

Authors



Gonzalez Calvillo, S.C. provides cross-disciplinary teams in the most challenging and sophisticated transactions, and has experience providing legal, business and regulatory advice to multinational and domestic companies in a broad range of practice areas. The Banking and Finance Practice Group is composed of ten partners and more than 40 professionals, providing comprehensive legal and regulatory advice to domestic and foreign clients in relation to all aspects of the banking and financial sector, across regulated and unregulated industries. Clients include high-profile names such as BANORTE, BANCOMEXT and NAFIN.

Generally, the granting of credit in Mexico is not a regulated activity and can be carried out by any person within the Mexican territory.

Notwithstanding the foregoing, certain financing activities are regulated by Mexican financial laws and regulations; the performance of these activities requires a registry and/or authorisation from Mexican financial regulators, and the entities that perform them are subject to the supervision of these regulators and need to meet certain requirements such as minimum capitalisation, corporate governance controls, and disclosure of information. Among the financial entities that can carry out reserved financial activities, there are: (i) instituciones de crédito banks, which are entities that (among many other things) receive deposits from the public and place such deposits through the granting of credit; (ii) sociedades financieras de objeto multiple (SOFOMs), which are entities that have access to legal and tax benefits in their financial activities; (iii) instituciones de tecnología financiera, which are the entities created by the Mexican Fintech Law for the rendering of crowdfunding and payment fund activities; and (iv) issuers of securities, which are entities that offer equity, debt or hybrid securities among the public.

Gonzalez Calvillo, S.C.

Montes Urales 632, 3rd Floor
Lomas de Chapultepec
Mexico City 11000
Mexico

+(52 55) 5202-7622

+(52 55) 5520-7671

info@gcsc.com.mx www.gcsc.com.mx
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Authors



Gonzalez Calvillo, S.C. provides cross-disciplinary teams in the most challenging and sophisticated transactions, and has experience providing legal, business and regulatory advice to multinational and domestic companies in a broad range of practice areas. The Banking and Finance Practice Group is composed of ten partners and more than 40 professionals, providing comprehensive legal and regulatory advice to domestic and foreign clients in relation to all aspects of the banking and financial sector, across regulated and unregulated industries. Clients include high-profile names such as BANORTE, BANCOMEXT and NAFIN.

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