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INSIGHTS MTY WATERS SITE

Government of Nuevo Leon and the National Water Commission will audit the exploitation of national waters

Written by Santamarina + Steta en . Published in Updates.

printable version | April 2022

  • The National Water Commission (“CONAGUA”) announced that it will begin audits on national waters, in order to revoke water concession titles or expire water volumes, a situation that we are seeing occur just the day after the news.
  • It is advisable to correct irregularities and fully comply with obligations in this area.
  • Measures must be implemented to prevent water waste.

Read full note here.

UPDATE ONE-STOP SITE WINDOW

Presentation of urban and environmental impact studies in Mexico City

Written by Santamarina + Steta en . Published in Updates.

printable version | April 2022

  • The procedure for submitting urban and environmental impact studies through the “Single” and “Digital” Windows is established in order to integrate the different evaluation processes into a single digital file.
  • The Single Impact Commission will monitor the requests and evaluation of Urban and Environmental Impacts, as well as the opinions and authorizations issued.
  • The Agreement entered into force on March 23, 2022, so the Commission and the “Single Window” must be installed no later than 15 business days after the entry into force of the Agreement.

Read full note here.

UPDATE ARTS OFFICE CONVERSION SITE

New guidelines for the conversion of offices into housing in Mexico City

Written by Santamarina + Steta en . Published in Updates.

printable version | April 2022

  • Conversion is the process of transforming and adapting a property to give it a use other than that for which it was originally designed, with the aim of obtaining better use.
  • The new agreement for the conversion of offices into housing expands the criteria that make certain properties applicable for the conversion process and clarifies the procedure to follow to carry out the process.
  • This Agreement affects all persons who, due to lack of functionality or disuse, wish to change the land use of their properties to use them for residential purposes.

Read full note here.

Consequences of the protected natural area in Lake Texcoco for projects

Consequences of the Protected Natural Area in Lake Texcoco for Infrastructure Projects

Written by Santamarina + Steta en . Published in Updates.

printable version | April 2022

What is an ANP and an APRN?

Protected Natural Areas (ANP) are created by a decree issued by the President of the Republic, in order to protect those ecosystems that have not been altered and require preservation or, alternatively, those that have been seriously contaminated and must be restored.

The ANPs have as their maximum instrument of territorial planning their Management Program, which establishes:

  • Core zones, where any activity that alters ecosystems is prohibited.
  • Buffer zones, in which diverse activities are permitted, primarily those related to ecological preservation and restoration, and areas where the development of some projects is permitted under strict measures aimed at preventing adverse environmental impacts.

Read full note here.

Impact of the new wastewater regulation

Impact of the new wastewater regulation

Written by Santamarina + Steta en . Published in Updates.

printable version | April 2022

  • Proper wastewater management is essential for corporate responsibility and will eliminate the risk of financial penalties and closure of operations.
  • NOM-001-SEMARNAT-2021 establishes new parameters and procedures to detect contaminants in wastewater discharges.
  • Companies have a period of 365 calendar days to make adjustments to their procedures in order to comply with these new parameters.

Read full note here.

INSIGHTS ELECTRONIC INTERBANK PAYMENTS SITE

Regulation of indirect participation of financial institutions in the SPEI

Written by Santamarina + Steta en . Published in Updates.

printable version | March 2022

Since its initial implementation, the Interbank Electronic Payment System (SPEI), operated by the Bank of Mexico, has revolutionized all electronic payment operations carried out in National Currency. Proof of this are recent statistics that show an increasing use of this system for transactions carried out in Mexico.

Read full note here.

INSIGHTS EXTERNAL AUDITORS SITE

New independence requirements for external auditors engaged under SPID rules

Written by Santamarina + Steta en . Published in Updates.

printable version | March 2022

The Bank of Mexico has decided to modify the Rules of the Interbank Payment System in Dollars (SPID), issued through Circular 4/2016, a payment system of the Bank of Mexico similar to the Interbank Electronic Payment System (SPEI) that allows interbank electronic transfers denominated in US dollars (USD) between demand deposit accounts in dollars in the Mexican Republic, corresponding to legal entities that have their domicile in national territory.

Read full note here.