Regulatory Alerts2021-01-28 | DOF 5610487Added · Updated
Provisions Applicable to Electronic Payment Fund Institutions Referenced in Articles 48, 54, and 56 of the Law for Regulating Financial Technology Institutions
The Bank of Mexico and the National Banking and Securities Commission issue general provisions establishing regulatory requirements for electronic payment fund institutions, including definitions for key terms such as authentication, instruction channels, and security incidents. The document mandates specific security standards for technological infrastructure, business continuity plans, and the notification of security incidents and operational contingencies to clients and regulators. It also regulates the contracting of third-party services and commissionaires, requiring independent third-party evaluations of security and operational continuity compliance.
More like this from SHCP
SHCP published 14 documents in the last 30 days. We email you each new one the day it's published.