chapter 02 CONSEQUENCES OF THE FINTECH LAW FOR FINANCIAL ENTITIES Financial Institutions will require special authorization from their regulatory body to participate in the capital of the financial technology institutions, and must use personnel and promotional channels different from those of their own operations. “The financial technology institutions and Financial Entities having a share in their stock capital may agree that financial entities provide the latter with Technological Infrastructures and auxiliary services to back up the transactions of financial technology institutions, prior approval from the CNBV (in compliance with the criteria provided in the secondary regulation).” FinTech Team, White & Case Mexico It is important to mention that neither the Federal Government nor the entities of the public state administration will be able to take responsibility or guarantee the resources of the clients that are used in the operations that these celebrate with the institutions of financial technology. A TWO-WAY PATH 33