On March 26, 2024, a decree was published in the Official Gazette of the Federation amending the General Law of Negotiable Instruments and Credit Transactions, allowing the issuance of electronic negotiable instruments.

This reform follows the trend shown by legislators to modernize the Mexican regulatory system through the inclusion of digital means.

With the purpose of incorporating this new class of negotiable instruments, the decree stipulates the following:

• Negotiable instruments may be issued by electronic means.

• Electronic negotiable instruments will be considered in writing when expressly permitted by law.

• Negotiable instruments issued through electronic means are considered signed when attributable to a person.

• These instruments shall be considered whole when the information contained therein remains complete and unaltered, with the exception of the changes caused by their circulation and communication, as long as these are traceable in the information system.

• These securities are endorsed through the information systems, sending the title and linking it with the endorsement message.

• The granting of the guarantee is done through the information system.

The entry into force of the reform was March 27, 2024.

Should you have any questions or require additional information regarding this communication, please contact info@rapa.mx.