Mexico City, November 29, 2024
On November 21, 2024, the Chamber of Deputies concluded the discussion and approval, by a two-thirds majority, of the opinion that proposed to modify various articles of the Political Constitution of the United Mexican States in order to extinguish various autonomous constitutional bodies, including the Federal Economic Competition Commission (COFECE) and the Federal Telecommunications Institute (IFT); the foregoing, to transfer its functions to the Federal Executive.
The opinion of the reform proposed to modify various articles of the Political Constitution to achieve administrative simplification and, according to what was discussed during the sessions of the Chamber of Deputies, the main objective of the reform is to achieve the rationality of public spending and return to the most effective institutions.
According to the approved opinion, it is expected that through the secondary laws a new antitrust body will be constituted that will concentrate the powers to apply the legislation on economic competition, thus absorbing the powers that the IFT currently has in the telecommunications and broadcasting markets. The new authority will be a decentralized body of the federal public administration and will have technical independence.
As for the regulatory powers in telecommunications and broadcasting matters, it is expected that these will pass to the newly constituted Agency for Digital Transformation and Telecommunications, a body dependent on the Federal Executive.
The reform was approved on November 28 by the Senate of the Republic, so the legislative process is about to conclude. The reform provides for periods of three months and six months, the first to make the necessary adjustments in laws and regulations, the second to extinguish the current autonomous bodies.
The antitrust lawyers of Basham, Ringe y Correa, S.C., are at your disposal for any questions or comments.
Sincerely,
Amilcar Peredo
León Jiménez
Guadalupe Jiménez
Fátima Santamaría
Ana Granda
