Regulatory Alerts2019-01-09 | DOF 5547774Added
Decree Amending Article 199 of the Securities Market Law
The decree amends the first paragraph and adds a third paragraph to Article 199 of the Securities Market Law, establishing that brokerage contracts executed via advanced electronic signature generate the same rights and obligations as those executed with handwritten signatures. The decree entered into force on January 1, 2019, and grants the Tax Administration Service, the National Banking and Securities Commission, and Financial Entities 180 days from the decree's issuance to update their internal regulations.
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