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%.
Increase in the value of the UMA for the year 2024
On January 10, 2024, the National Institute of Geography and Statistics published in the Federal Official Gazette the increase of the Measurement and Updating Unit (hereinafter “UMA” for its acronym in Spanish) for the year 2024.
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.
Nearshoring: explaining the business model that concentrates 80% in Mexico.
According to Jair Bravo, managing partner of the Law Firm Bravo Abogados, Mexico is the fourth most attractive country for nearshoring investments, surpassed only by Japan, Canada and the United States. The spokesperson informed that thanks to its geographical location, Mexico concentrates 80% of the nearshoring market at a global level.
La reforma fiscal genera nuevas cargas, no solamente para los BC de los Vehículos Legales, sino también para sus Partes Relacionadas. En caso de incumplimiento con las obligaciones fiscales contenidas en los apartados siguientes, las autoridades tienen la facultad de imponer sanciones como multas, sanciones de carácter penal, embargos, entre otras, en contra de los Vehículos Legales y sus Responsables Solidarios.
