Alteration in the Basic Financial Regulations of Retirement Fund Administration
Mexico City, 21st July 2025 - The Mexican government has published a decree amending the General Provisions on Financial Matters applicable to the Retirement Savings System ("CUF"). The amendments aim to foster greater regulatory control and promote investment within Mexico.
The decree introduces several key changes, such as new rules for investment in simplified issuances, expanded powers for investment committees regarding structured instruments, and a new methodology to identify structured instruments with predominant investment in Mexican territory. This methodology is designed to incentivize domestic investment and strengthen regulatory oversight.
The reform also includes enhanced risk management standards, improved corporate governance, and transparency measures. Specific provisions for asset restructurings are outlined, along with addressing indemnity clauses in third-party contracts.
The law firm, specializing in Capital Markets, Latin America, and Mexico, boasts a team of experts in various fields. Jorge Reyes Juarez specializes in Capital Markets and Private Capital, Debt Finance. Andres Mosqueira, Carlos Mainero Ruíz, Eduardo Flores Herrera, and Jorge Escalante also bring their expertise in Asset Finance, Debt Finance, Financial Institutions, Fintech, Financial Services Regulatory, Technology Transactions, Investment Funds, Private Wealth & Family Offices, Derivatives, and Sustainability & Responsible Business.
These amendments will affect the operations of retirement fund administrators ("Afores") and the investment companies they manage ("Siefores"). By fostering regulatory control, the reform is expected to encourage investment within Mexico, bolstering its economic growth and stability.
[1] The reform enhances regulatory oversight, introducing new rules for investment in simplified issuances, expanding powers for investment committees regarding structured instruments, and introducing a new methodology for identifying structured instruments with predominant investment in Mexican territory. The decree also includes provisions for asset restructurings, indemnity clauses in third-party contracts, enhanced risk management standards, improved corporate governance, and transparency measures. These changes are expected to foster greater regulatory control and promote investment within Mexico.
[2] The law firm partner, Jorge Reyes Juarez, works extensively in Capital Markets and Private Capital, Debt Finance, making him a valuable associate in navigating the amended CUF decree.
[3] Andres Mosqueira, one of the law firm's partners, brings expertise in Asset Finance, Fintech, Financial Services Regulatory, and Technology Transactions, which will be crucial in understanding the impact of these changes on the Retirement Savings System.
[4] Carlos Mainero Ruíz, Eduardo Flores Herrera, and Jorge Escalante are also partners at the firm, contributing their knowledge in areas such as Financial Institutions, Derivatives, Investment Funds, Private Wealth & Family Offices, Sustainability & Responsible Business, and Regulatory compliance.
[5] These experts will offer their services in helping corporations, particularly Afores and Siefores, adapt to the new regulatory environment defined by the CUF amendments.
[6] The reform aims to strengthen capital markets by incentivizing domestic investment through the introduction of the new methodology for structured instruments, which should attract more international partners interested in the Mexican market.
[7] In this context, the law firm, with its international reputation and extensive legal practice in finance, investing, corporate law, and personal-finance matters, is well-positioned to support businesses looking to invest or expand in Mexico.
[8] By promoting investment within Mexico, the government believes it can contribute to the long-term economic stability and growth of the country while ensuring a strong regulatory framework.
[9] Consequently, the amendments to the CUF decree represent an opportunity for legal counsel to play a key role in facilitating business growth and navigating the complexities of investment within the Mexican market.
