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Jose Coto has extensive experience in regulatory advice in different matters, including financial law (banking, stock-exchange markets, sofomes and financial technology), anti-money laundering, anti-corruption and personal data protection.
From 2017 to 2018 he joined the capital markets team of our New York Office, as a foreign legal consultant.
Financial Law – Jose has important experience providing legal advice to financial institutions in connection with: regulatory authorizations, corporate maters, risk analysis and internal investigations, conflicts of interest, internal policies, outsourcing agreements, transparency of financial services and consumer protection regulation, disciplinary processes before the financial authorities, among others.
Bolsa Institucional de Valores (BIVA) – José participated in the advice to BIVA during all the process before it went live. His representation included the review of the applicable regulatory framework, in order to identify amendments required to allow the operation of a second stock exchange, drafting of the internal rules (reglamento interior) and preparation of the file for the request of the concession title to operate a stock exchange, before the Ministry of Finance and Public Credit.
Afluenta México – Jose has been part of the legal team that has advised Afluenta México since its arrival to México. In the beginning, the advice focused in the analysis of legal risks resulting from its "non-regulated" operations. After that, it included corporate matters and the preparation or review of the agreements necessary for its operations, including its website's terms and conditions, and, to this date, it has included advice regarding the new legal and regulatory framework applicable to financial technology institutions (Fintech Law).
Acquisition of UBS Bank México by Afirme Grupo Financiero – Jose participated in the administrative procedures to obtain the authorizations from the SHCP and from the CNBV, for the acquisition of UBS Bank México by Afirme Grupo Financiero.
Anti-money laundering – As part of the experience he has in financial law, Jose has specialized assessing financial institutions in connection with their AML applicable regulation. This has included review of AML policies, regulatory advice and representation of financial institutions in disciplinary processes before the CNBV.
His experience in this matter also includes advice to clients who carry out "Vulnerable Activities" regulated by the Federal law for the Prevention and Identification of Funds from Illicit Sources (Ley Federal para la Prevención e Identificación de Operaciones con Recursos de Procedencia Ilícita).
Personal data protection – Jose has advised different clients, including financial institutions and technology companies, in matters related to personal data protection, including drafting or review of privacy policies, inquiries about international transfers of personal data and drafting of agreements with third party vendors in charge of processing personal data on behalf of data controllers.