Comisión Nacional Bancaria y de Valores (CNBV)

Overview

The Comisión Nacional Bancaria y de Valores (National Banking and Securities Commission, abbreviated CNBV) is Mexico's independent financial services regulator with authority over all commercial banking, securities, and emerging financial technology institutions. Established in 1995 as a decentralized body of the Ministry of Finance and Public Credit (Secretaría de Hacienda y Crédito Público, SHCP), the CNBV operates as Mexico's integrated financial authority overseeing the banking system, securities markets, and financial technology sector.

Institutional Founding and Mandate

The CNBV was created through a 1995 institutional restructuring that consolidated banking supervision and securities regulation under unified command, replacing predecessor agencies and creating a modern financial regulator aligned with international best practices. This consolidation reflected Mexico's commitment to financial system modernization following the 1994-1995 banking crisis and peso devaluation.

Constitutional and Statutory Authority

The CNBV derives its regulatory authority from:

1. Law of the National Banking and Securities Commission (Ley de la Comisión Nacional Bancaria y de Valores) - Primary governing statute establishing jurisdiction and enforcement powers

2. Credit Institutions Law (Ley de Instituciones de Crédito) - Banking sector regulation and supervision

3. Securities Market Law (Ley del Mercado de Valores) - Capital markets and securities regulation

4. Law to Regulate Financial Technology Institutions (Ley para Regular Instituciones de Tecnología Financiera) - Fintech regulation (2018)

5. Insurance Law (Ley de Seguros y de Fianzas) - Coordination with insurance regulator on cross-sector risks

The CNBV's authority is binding and enforceable, with regulatory decisions carrying the force of law and subject to administrative appeal procedures before federal courts.

Current Leadership

The CNBV is headed by a President appointed by the Secretary of Finance and Public Credit, serving as the institution's highest administrative authority. The governance structure includes a Board of Directors (Junta de Gobierno) with representation from multiple government agencies and financial sector constituents, with the SHCP Secretary presiding.

As of 2026, Ángel Cabrera Mendoza serves as President of the CNBV, following appointment by the finance ministry.

Scope of Supervisory Authority

The CNBV exercises regulatory jurisdiction over:

• Commercial Banks (Bancos Múltiples) - Universal full-service banks

• Development Banks (Bancos de Desarrollo) - Government-owned specialized banks for infrastructure, SME, and rural credit

• Brokerage Houses (Casas de Bolsa) - Securities dealers and investment firms

• Investment Fund Managers (Administradoras de Fondos para el Retiro) - Pension fund administrators

• Popular Savings and Credit Institutions (SOFOM ER, SOFIPO) - Cooperative and grassroots lenders

• Payment Institutions (Instituciones de Pago) - Money remittance and digital payment providers

• Fintech Companies (Instituciones de Tecnología Financiera) - Crowdfunding, electronic wallets, and crypto custody operators

• Credit Information Bureaus (Sociedades de Información Crediticia) - Credit reporting agencies

• Stock Exchange Operator (Bolsa Mexicana de Valores) - Securities marketplace

• Securities Custodians and Depositories - INDEVAL and related infrastructure

Basic Identity

Classification

Inclusion Justification

What This Entity Oversees

Regulatory Scope Over Commercial Banking

The CNBV supervises Mexico's commercial banking sector through:

Authorization and Licensing:

• Evaluation of applicants for commercial banking licenses against regulatory criteria (capital, governance, business plan, ownership)

• Conditional authorization for new market entrants with ongoing compliance monitoring

• Authority to modify, suspend, or revoke banking licenses for serious violations

• Mandatory notification of significant operational or ownership changes

Minimum Prudential Standards:

1. Capital Adequacy Requirements

• Basel III framework implementation in Mexico

• Common Equity Tier 1 (CET1) minimum of 7% of risk-weighted assets (RWA)

• Tier 1 capital minimum of 8.5% of RWA

• Total capital minimum of 10.5% of RWA

• Additional buffers for systemically important banks (SIB surcharge)

1. Asset Quality Standards

• Loan loss provisioning requirements based on risk classification

• Problem loan reporting and classification thresholds

• Stress testing mandates for credit portfolio management

• Concentration risk limits on large exposures

1. Liquidity Requirements

• Liquidity Coverage Ratio (LCR) minimums aligned with Basel III

• Net Stable Funding Ratio (NSFR) compliance

• Intra-day liquidity monitoring

• Funding concentration and maturity mismatch limits

1. Interest Rate and Foreign Exchange Risk

• Interest rate risk in the banking book (IRRBB) measurement and limits

• FX position limits and exposure concentration restrictions

• Derivative use and hedge accounting standards

1. Operational Risk Framework

• Cybersecurity requirements and incident reporting

• Business continuity and disaster recovery standards

• Internal control and compliance infrastructure

• Outsourcing and third-party risk management

Supervisory Oversight:

The CNBV conducts:

• Onsite Examinations - Regular bank audits assessing risk management, compliance, and regulatory adherence

• Offsite Monitoring - Quarterly data submissions analyzed for supervisory signal trends

• Stress Testing - Institution-specific and system-wide scenarios assessing capital adequacy under adverse conditions

• Regulatory Meetings - Regular discussions with bank management on risk exposures and strategic initiatives

• Corrective Action Orders - Binding directives requiring remediation of identified deficiencies

Consumer Protection in Banking:

The CNBV establishes:

• Transparent pricing and fee disclosure requirements

• Clear terms and conditions for banking services

• Dispute resolution and complaint handling procedures

• Anti-discrimination standards in lending

• Data privacy and cybersecurity requirements

• Account holder protections and deposit insurance coordination with IPAB

Development Bank Oversight

Development banks (Nacional Financiera, Banco del Bajío, Banco Finterra, etc.) face modified prudential standards aligned with their development mandate and reduced market funding reliance, with CNBV supervision ensuring:

• Operational integrity and fiduciary responsibility

• Portfolio quality appropriate to social lending objectives

• Sufficient capitalization for mission sustainability

• AML/CFT compliance and sanctions screening

Securities Market Regulation

Bolsa Mexicana de Valores (BMV) Oversight

The CNBV serves as primary regulator of Mexico's stock exchange (Bolsa Mexicana de Valores, BMV) through:

Exchange Authorization and Governance:

• BMV operates under a concession granted by the Ministry of Finance and Public Credit

• CNBV establishes governance standards for exchange management and board independence

• Oversight of BMV's self-regulatory functions and rule enforcement

Market Participant Licensing:

1. Brokerage Houses (Casas de Bolsa)

• Authorization requirements establishing minimum capital and operational standards

• Conduct of business rules requiring suitability in client recommendations

• Market conduct and insider trading enforcement

• Customer asset segregation and safeguarding requirements

1. Securities Issuers and Listing Requirements

• Public offering registration standards

• Ongoing disclosure requirements for listed companies

• Accounting standard compliance (IFRS-equivalent standards)

• Related-party transaction disclosure and board audit committee requirements

1. Investment Fund Administrators (AFOREs)

• Pension fund administrator licensing and oversight

• Mandatory contribution account administration

• Investment allocation and diversification standards

• Fee and commission transparency requirements

Market Integrity and Conduct Enforcement:

The CNBV enforces:

• Insider trading prohibitions on corporate insiders and market manipulation

• Market abuse standards and suspicious transaction reporting

• Short selling disclosure and borrowing requirements

• Securities lending and derivatives market transparency

• Broker-dealer conduct and client suitability standards

• Auditor independence and audit committee function standards

Securities Infrastructure Oversight

INDEVAL (Central Securities Depository):

The CNBV oversees INDEVAL, Mexico's securities settlement and depository system, ensuring:

• Secure custody of securities on behalf of market participants

• T+2 settlement finality

• Netting and risk mitigation procedures

• Business continuity and cybersecurity standards

• Collateral management and repo market functioning

Clearing and Settlement:

• Counterparty risk management in securities transactions

• Default procedures and participant default fund standards

• Liquidity provision and settlement finality

• Operational resilience standards

Capital Markets Development

The CNBV actively promotes capital markets development through:

• Regulatory modernization reducing compliance burden for issuers

• Innovation policy supporting new financial instruments

• Coordination with Banxico on payment system integration

• Fintech regulation creating pathways for market innovation

CNBV's Role in Mexico's AML/CFT Framework

The CNBV coordinates anti-money laundering enforcement with:

• Banxico - Central bank monitoring of payment systems (SPEI, CoDi)

• Financial Intelligence Unit (UIF - Unidad de Inteligencia Financiera) - Federal AML/CFT investigation authority

• Federal Prosecutors - Criminal prosecution of money laundering offenses

• International Partners - Egmont Group FIU and FATF mutual evaluation

FATF Compliance and Mutual Evaluation

Mexico's AML/CFT framework compliance status:

• Compliant on 10 of 40 FATF Recommendations

• Largely Compliant on 22 of 40 Recommendations

• Partially Compliant on 7 Recommendations

• Non-Compliant on 1 Recommendation

The CNBV has undertaken enhancements targeting gaps, particularly in beneficial ownership transparency and cross-border cooperation on financial crime investigations.

AML/CFT Standards for Financial Institutions

The CNBV mandates that all supervised institutions implement:

Customer Due Diligence (CDD):

• Identity verification against government-issued documentation

• Beneficial ownership confirmation for entity customers

• Source of funds assessment (legitimate income documentation)

• Risk profile assignment based on customer characteristics (occupation, transaction patterns, geography)

Know Your Customer (KYC) Procedures:

• Enhanced due diligence for high-risk customer categories:

• Politically exposed persons (PEPs)

• Customers in high-risk jurisdictions

• Cash-intensive businesses (restaurants, casinos, retail)

• NGOs and charities (requiring beneficial owner verification)

• Standard due diligence for normal-risk customers

Transaction Monitoring:

• Automated transaction monitoring systems flagging suspicious patterns

• Thresholds for aggregate transaction amounts triggering review

• Pattern analysis for unusual or structuring transactions (deliberately avoiding reporting thresholds)

• Real-time screening against OFAC and UN sanctions lists

• Customer account behavioral analysis for sudden changes

Suspicious Activity Reporting (SAR):

• Filing of SARs with UIF within 10-15 business days of identification

• No customer notification prior to SAR filing (to avoid money laundering tip-off)

• Maintenance of SAR documentation and audit trails

• Quarterly SAR filing statistics reporting

Record Retention:

• Minimum 5-year retention of:

• Customer identification documents and due diligence files

• Transaction records and confirmations

• Account statements and relationship information

• Audit trails for system modifications

Sanctions Compliance:

• Daily screening of customer lists, transactions, and beneficial owners against:

• OFAC Specially Designated Nationals (SDN) lists

• UN Security Council sanctions lists

• Mexican government sanctions lists (if any)

• Blocking of transactions involving sanctioned entities

• Incident reporting to CNBV within specified timeframes

Third-Party Service Provider Risk Management

Regulated institutions must:

• Conduct due diligence on third-party providers (technology, outsourcing, correspondent banks)

• Ensure third parties implement equivalent AML/CFT standards

• Maintain responsibility for third-party AML/CFT compliance

• Include audit and examination rights in outsourcing agreements

International Cooperation

The CNBV participates in international AML/CFT initiatives:

• GAFISUD (Latin American FATF-style Regional Body) - Regional AML/CFT coordination

• Egmont Group - International FIU intelligence sharing

• Bilateral Cooperation - Joint investigations with foreign financial regulators

• FATF Assessments - Participation in mutual evaluation peer reviews

Regulatory Powers

Comprehensive Enforcement Authority

The CNBV possesses extensive enforcement authority to impose administrative sanctions on regulated institutions for violations of securities laws, banking regulations, fintech requirements, and related rules.

Escalating Sanction Regime

Administrative Warning (Apercibimiento):

• Issued for minor violations or first-time non-compliance

• Requires written response with corrective action plan

• No monetary penalty but triggers supervisor heightened monitoring

• Escalation available if issues persist

Monetary Fines (Multas Administrativas):

• Fixed-amount fines for specific violations (set in CNBV regulations)

• Percentage-based fines based on transaction volumes or assets under management (typically 0.1% to 5% of relevant metric)

• Individual administrative fines ranging from thousands to hundreds of millions of pesos

• Adjusted annually for inflation

• Appeal available through administrative review procedures

Operational Restrictions:

• Suspension of specific business activities (securities underwriting, trading, fund management)

• Restrictions on customer acceptance or deposit-taking

• Geographic restrictions limiting operating territory

• Product restrictions limiting offered services

• Time-limited restrictions (e.g., 30-90 day suspensions)

Remediation Mandates:

• Required operational improvements (compliance infrastructure, technology systems)

• Mandatory staffing changes (removal of responsible officers)

• Audit and examination costs borne by institution

• Implementation of enhanced oversight procedures

• Regular reporting on remediation progress

License Modification or Revocation:

• Conditional license modification limiting scope of authority

• Temporary license suspension (typically 30-90 days) allowing reinstatement upon compliance demonstration

• Permanent license revocation for severe or repeated violations

• Prohibition on market participation for specified period post-revocation

• Asset liquidation procedures if relevant

Enforcement Procedures and Due Process

Administrative Proceedings:

• CNBV investigative process allowing institution response and evidence submission

• Right to administrative hearing before final sanction decision

• Opportunity to challenge facts and legal interpretations

• Legal representation permitted throughout proceedings

Appeal and Judicial Review:

• Administrative appeal to Federal Administrative Court (Tribunal Federal de Justicia Administrativa) after exhaustion of internal CNBV remedies

• Judicial review available through constitutional amparo proceedings

• Standard of review examining procedural compliance and substantial evidence

Criminal Coordination

Serious violations trigger coordination with federal prosecutors:

• Money laundering and AML/CFT evasion prosecutions

• Securities fraud and insider trading cases

• False financial statement and accounting fraud

• Corruption and bribery involving CNBV officials

Regulatory Role and Function

Legal Foundation

Statutory Framework

Law of the National Banking and Securities Commission (Ley de la CNBV)

The CNBV Law establishes:

• Executive powers to authorize, regulate, supervise, and enforce compliance by regulated institutions

• Authority to issue binding regulations (circulares) with mandatory industry compliance

• Explicit delegation of supervisory authority from the Ministry of Finance

• Administrative enforcement powers including administrative sanctions and license suspension

• Appellate procedures allowing challenged institutions administrative remedies

Credit Institutions Law (Ley de Instituciones de Crédito)

The Credit Institutions Law governs:

• Authorization and licensing of commercial and development banks

• Minimum capital requirements and capital adequacy standards

• Deposit insurance requirements (through IPAB - Instituto para la Protección del Ahorro Bancario)

• Asset quality and credit risk management standards

• Liquidity risk requirements and stress testing mandates

• Governance and board independence requirements

• Consumer protection and transparency standards

Securities Market Law (Ley del Mercado de Valores)

This foundational statute provides CNBV authority over:

• Securities registration and public offering requirements

• Securities exchange (Bolsa Mexicana de Valores) authorization and supervision

• Brokerage house licensing and prudential standards

• Market conduct rules and insider trading prohibitions

• Investment fund and investment advisory regulation

• Securities custody and clearance/settlement system oversight

Fintech Law (Ley para Regular Instituciones de Tecnología Financiera, 2018)

Enacted in 2018, this law creates the regulatory framework for:

• Instituciones de Tecnología Financiera (ITFs) - Fintech companies operating as regulated entities

• Crowdfunding Platforms (Plataformas de Financiamiento Colectivo) - Equity and debt crowdfunding operators

• Electronic Wallet Operators (Operadores de Fondos de Efectivo) - Digital payment and money transmission providers

• Virtual Asset Custodians - Entities holding cryptocurrency and digital assets on behalf of clients

Licensing and Authorization Relevance

Institutional Technology Institutions (ITFs) Framework

The 2018 Fintech Law created a regulatory framework for Institutional Technology Institutions (ITFs) operating under CNBV supervision:

Types of ITFs Authorized:

1. Crowdfunding Platforms (Plataformas de Financiamiento Colectivo)

• Equity crowdfunding platforms connecting investors to companies

• Debt crowdfunding platforms facilitating peer-to-peer lending

• Revenue-based financing platforms

• Minimum capital requirements of approximately 2-3 million pesos

1. Electronic Wallet Operators (Operadores de Fondos de Efectivo)

• Money transmission and remittance services

• Digital wallet and payment account providers

• Customer fund aggregation and disbursement

• Minimum capital requirements proportional to transaction volumes

1. Virtual Asset Custodians

• Cryptocurrency and blockchain token custody

• Digital asset safeguarding on behalf of customers

• Integration with SPEI for fiat currency linkage

ITF Authorization Process

Authorization requires approval from the Interinstitutional Committee comprised of:

• Banxico (central bank)

• CNBV (financial services regulator)

• Ministry of Finance and Public Credit (SHCP)

Each member must provide affirmative vote for authorization, ensuring:

• Regulatory coordination on systemic risks

• AML/CFT standards compliance

• Operational resilience and cybersecurity

• Consumer protection and fraud prevention

ITF Regulatory Requirements

AML/CFT Compliance Standards:

ITFs must implement:

• Know Your Customer (KYC) procedures with beneficial ownership verification

• Transaction monitoring and suspicious activity reporting to UIF (Financial Intelligence Unit)

• OFAC and UN sanctions list screening

• Transaction limits and enhanced due diligence for high-risk customers

• Record retention for minimum 5-year periods

Operational Standards:

• Business continuity and disaster recovery procedures

• Cybersecurity standards aligned with international best practices

• Data protection and customer privacy safeguards

• System reliability and uptime requirements (typically 99.5%+ availability)

• Segregation of customer funds from operational assets

• Third-party service provider oversight and audit

Consumer Protection:

• Clear disclosure of terms, conditions, and fees

• Transaction confirmation and receipt issuance

• Dispute resolution mechanisms

• Compensation provisions for operational failures

• Data security breach notification requirements

Reporting and Disclosure:

ITFs must provide CNBV with:

• Quarterly financial statements and regulatory capital reports

• Monthly transaction volume and customer statistics

• Cybersecurity incident reports within 24-48 hours of discovery

• Annual independent audits by CNBV-approved auditors

• Material change notifications (ownership, management, operations)

Crowdfunding Platform Standards

Investor Protection:

• Limit on crowdfunding investments per individual per campaign

• Warning disclosures on investment risk

• Platform liability for fraudulent issuers

• Escrow requirements ensuring capital retention until funding targets met

• Cancellation and refund mechanisms if target funding not achieved

Issuer Requirements:

• Standardized information disclosure documents

• Restrictions on multiple simultaneous campaigns

• Prohibition on fraudulent or misleading marketing

• Track record and management experience disclosures

Electronic Wallet Operator Requirements

Fund Safeguarding:

• Segregation of customer funds in trust accounts

• Insurance or reserve requirements protecting customer balances

• Daily reconciliation and settlement procedures

• Integration with SPEI for Mexican peso transactions

Transaction Processing:

• Real-time settlement capability

• Irrevocable transaction finality

• Receipt and confirmation issuance

• Clear fee and commission disclosure

Payment Institution Categories

The CNBV oversees multiple categories of payment institutions:

Credit Card Companies (Sociedades de Crédito Especializado en Tarjetas de Crédito)

• Issuance of credit products (credit cards, charge cards)

• Installment plan financing

• Capital adequacy and provisioning requirements

• Fraud prevention and dispute resolution standards

Money Remittance Operators

• Cross-border fund transfers (money remittance)

• Domestic money transfer services

• Integration with SPEI for Mexican peso settlement

• Foreign exchange transaction disclosure

Digital Payment Operators

• Prepaid payment instruments (digital wallets, vouchers)

• Mobile payment services

• Account-to-account transfers

• Integration with banking infrastructure

Authorization Requirements

Payment institution applicants must demonstrate:

• Minimum paid-in capital (varies by institution type, typically 10-50 million pesos)

• Sound management and governance structure

• Compliance infrastructure for AML/CFT and sanctions screening

• Technology systems meeting security and resilience standards

• Business plan demonstrating market viability and consumer protection

Ongoing Supervision

CNBV monitors payment institutions through:

• Quarterly financial and operational reporting

• Annual onsite examinations by CNBV supervisory teams

• Risk-based examination scheduling with higher frequency for riskier entities

• Enforcement of prudential standards and corrective action orders

• Customer complaint analysis and investigation

Payments and Money Movement Relevance

The Comisión Nacional Bancaria y de Valores (CNBV) has the following relevance to payments and money movement in Mexico:

Payment Systems Governed or Overseen

The Comisión Nacional Bancaria y de Valores (CNBV) has oversight responsibilities across multiple financial sectors in Mexico, including payment services:

The entity regulates payment service providers, e-money issuers, and related financial intermediaries within its integrated supervisory mandate.

Relationship to Other Regulators

International Organization of Securities Commissions (IOSCO)

Membership and Participation:

The CNBV is an affiliate member of IOSCO, the international standard-setting organization for securities regulators. Through IOSCO, the CNBV participates in:

Committee 1 (Growth and Emerging Markets):

• Emerging market regulatory development and best practices

• Capital market expansion and access initiatives

• Development finance and long-term investment

Committee 2 (Regulation of Secondary Markets):

• Exchange governance and market conduct standards

• Insider trading and market manipulation enforcement

• Short selling and derivative market regulation

• Securities lending and collateral management

Committee 4 (Enforcement and Exchange of Information):

• Cross-border enforcement cooperation and intelligence sharing

• International mutual assistance agreements (MMoU coordination)

• Confidential information exchange protocols

• Joint investigations of cross-border securities fraud

Committee 5 (Investment Management):

• Investment fund regulation and fund manager licensing

• Collective investment scheme and ETF regulation

• Investor protection standards

Committee 6 (Credit Rating Agencies, Market Intermediaries, and Other Issues):

• Credit rating agency regulation and transparency

• Fintech and capital market innovation

• Cryptocurrencies and digital asset market regulation

• Cross-sector regulatory cooperation

Financial Stability Board (FSB) - Indirect Participation

While CNBV is not a direct FSB member, Mexico participates through:

• Banxico representation - Central bank participation in FSB working groups

• Regional Financial Stability Councils - Latin American coordination on macro-prudential risks

• Systemic Risk Assessment - Contribution to global financial stability monitoring

• Regulatory Standards Implementation - Alignment with FSB-endorsed international standards

FATF and AML/CFT International Coordination

GAFISUD (South American FATF-style Regional Body):

• Mexico's primary regional AML/CFT coordination body

• Peer review and mutual evaluation participation

• Technical assistance and capacity building

• Regional best practices and information sharing

Egmont Group:

• UIF (Financial Intelligence Unit) membership for international FIU cooperation

• Intelligence sharing on cross-border financial crime

• Coordination on suspicious transaction investigations

• Joint enforcement actions on international money laundering

Basel Committee on Banking Supervision (BCBS)

Through Banxico's participation in the Basel Committee, Mexico implements:

• Basel III capital adequacy standards

• IRRBB (Interest Rate Risk in the Banking Book) measurement framework

• Operational risk capital requirements

• Liquidity coverage and net stable funding ratios

• Large exposure concentration limits

Bilateral Regulatory Relationships

United States:

• SEC (Securities and Exchange Commission) - Securities market and investment management cooperation

• OCC/Federal Reserve - Banking supervision coordination on cross-border institutions

• CFPB (Consumer Financial Protection Bureau) - Consumer protection standards alignment

• Financial Intelligence Unit (FinCEN) - AML/CFT and sanctions information exchange

Canada:

• OSC (Ontario Securities Commission) - Cross-border securities regulation

• OSFI (Office of the Superintendent of Financial Institutions) - Banking supervision coordination

European Union:

• ESMA (European Securities and Markets Authority) - Securities regulation cooperation

• Individual member state regulators - Bilateral fintech and innovation cooperation

Latin American Regional Coordination:

• Central American regulators - Payment systems and fintech standards

• South American exchanges - Market integrity and disclosure standards

• Colombia's SFC - Peer review and mutual assistance

Geography and Jurisdiction Notes

Important Departments and Divisions

Key Public Resources

Official Contact Information

Comisión Nacional Bancaria y de Valores

• Address: Avenida Paseo de la Reforma 505, Torre Este, Piso 8, Mexico City, 06500

• Main Phone: +52 (55) 1226-0000

• Website: https://www.gob.mx/cnbv

• Hours: Monday-Friday, 9:00 AM - 5:00 PM Mexico City Time

Banking Supervision Division

• Email: Accessible through CNBV website contact portal

• Telephone: Available through main switchboard

• Website Portal: https://www.cnbv.gob.mx/SECTORES-SUPERVISADOS/BANCA-MULTIPLE/Paginas/default.aspx

Securities Market Regulation Division

• Contact: Through CNBV official website

• Website: https://www.cnbv.gob.mx (Spanish-language primary portal)

Fintech and Payment Institutions Division

• Contact: Through CNBV regulatory inquiry portal

• Email: General inquiries at gob.mx CNBV portal

Compliance and Regulatory Guidance:

• Official CNBV Website (Spanish): https://www.cnbv.gob.mx

• English-language Information Portal: https://www.gob.mx/cnbv (government portal with CNBV information)

• Information Portfolio (Portafolio de Información): https://portafolioinfo.cnbv.gob.mx/Paginas/Inicio.aspx

Official Publications and Regulatory Documents

Banking Supervision:

• Regulations on Capital Adequacy and Liquidity

• Prudential Standards Circulars

• AML/CFT Compliance Guidelines

• Deposit Insurance (IPAB) Requirements

Securities Regulation:

• Securities Registration Requirements

• Brokerage House Conduct Rules

• Investment Fund Administration Standards

• Listed Company Governance and Disclosure Requirements

Fintech Regulation:

• Fintech Law (Ley para Regular Instituciones de Tecnología Financiera) - 2018

• CNBV Fintech Regulation Circulars

• ITF Authorization Requirements and Procedures

• Crowdfunding Platform Standards

• Electronic Wallet Operator Guidelines

Enforcement and Administrative Procedures:

• CNBV Sanctioning Framework Guidelines

• Administrative Procedure Rules

• Investigation and Hearing Procedures

• Appeal and Judicial Review Standards

Notes on Naming and Language