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Banxico reduces the interest rate by 25 points
On March 21, 2024, the Governing Board of the Bank of Mexico decided to lower the target for the daily Interbank Interest Rate (the “Interest Rate”) by 25 points to a level of 11.00%.
Reform to the securities market law and investment funds law
On December 28, a decree issued by the Executive Branch was published in the Federal Official Gazette, which repeals, amends and adds several provisions to the Securities Market Law (hereinafter “”LMV” for its acronym in Spanish) and the Investment Funds Law (hereinafter “LFI” for its acronym in Spanish).
Amendment to provisions applicable to financial entities providing investment services
On September 13, 2023, the Ministry of Finance and Public Credit together with the National Banking Commission (hereinafter “CNBV” for its acronym in Spanish) published the resolution that amends the “General provisions applicable to financial institutions and other persons that provide investment services” (hereinafter the “Provisions”), published on January 9, 2015 in the Federal Official Gazette (hereinafter “DOF” for its acronym in Spanish).
Mexican companies: forced to evolve in an ever-changing market
The current market in which Mexican companies find themselves in is constantly changing. Thus, they are obliged to update themselves along with the market if they do not wish to be left behind. For this reason, it is necessary that companies are open to all kinds of changes, such as mergers between companies, structural changes in their processes and internal organization and even a complete renewal as a brand and/or the purchase and/or sale of new lines of business; Mexican companies must develop new strategies and not focus on the previous market, instead they must be constantly changing as the market itself does.