MexicoLey para Regular las Sociedades de Información Crediticia, authorization to operate
LRSIC, art. 6 (authorization to operate)
In force.
An enforcement supervision rule binding private bodies.
- Obligation class
- Licensing
- Audit expectation
- none
What it requires
- Do not incorporate or operate as a credit information company without the authorization of the Federal Government, which the Secretaría de Hacienda y Crédito Público grants after hearing Banco de México and the Comisión Nacional Bancaria y de Valores, and which cannot be transferred (art. 6).
These lines are LexLint's reading of the law's text.
What it makes you log
Logging duty
In English: a credit information company needs a non-transferable federal authorization to be incorporated and to operate. Article 6 names no log or register and no reader of one, and carries no territorial clause, so the row carries no jurisdiction hook.
- Kind
- None
- As of
What this law does
Article 6 requires the authorization of the Federal Government to incorporate and operate as a credit information company. The Secretaría de Hacienda y Crédito Público grants it after hearing the opinion of Banco de México and of the Comisión Nacional Bancaria y de Valores, and the authorization cannot be transferred.
When LexLint raises it
When your app profile says your app provides financial services or processes personal data.
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