On January 28, 2025, amendments to the “General Provisions Applicable to Issuers of Securities and Other Participants in the Securities Market” (the “Reform”) were published in the Official Gazette of the Federation. This change introduces new obligations for issuers that are not financial entities, whose activities are not predominantly financial, or local governments, including the following:

The Mexican National Banking and Securities Commission (CNBV) issued the “General regulations applicable to simplified issuers and to securities subject to simplified registration” (Disposiciones de carácter general aplicables a las emisoras simplificadas y los valores objeto de inscripción simplificada) (the “Regulations”), which became effective as of January 22, 2025.

On January 21, 2025, the Official Gazette of the Federation published the “Decree Granting Tax Incentives to Support the National Strategy Called “Plan Mexico”, to Promote New Investments, Encourage Dual Training Programs, and Foster Innovation” (the “Decree”). The Decree aims to promote investment in fixed assets and promote training and technological innovation.