Mexico: Implemented Provisions applicable to electronic payment fund institutions under the Regulation of Financial Technology Institutions Act including location of computing facilities

Description

Implemented Provisions applicable to electronic payment fund institutions under the Regulation of Financial Technology Institutions Act including location of computing facilities

On 28 April 2021, the "Provisions applicable to electronic payment fund institutions under the Law to Regulate Financial Technology Institutions" (Provisions) came into force, 90 days after their publication in the Official Journal of the Federation…

Scope

Policy Area
Data governance
Policy Instrument
Data localisation requirement
Regulated Economic Activity
cross-cutting
Implementation Level
national
Government Branch
executive
Government Body
central bank

Complete timeline of this policy change

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2021-01-15
adopted

On 15 January 2021, the Bank of Mexico adopted the "Provisions applicable to electronic payment fun…

2021-04-28
in force

On 28 April 2021, the "Provisions applicable to electronic payment fund institutions under the Law …