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“AI and sustainability - cure or curse?”
While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
Global | Publication | February 26, 2018
Mexico’s Federal Economic Competition Commission (COFECE) formally announced the commencement of an investigation on potential absolute monopolistic practices (i.e. horizontal cartel arrangements) in the market of distribution and marketing of Liquefied Petroleum gas in Mexico (Gas LP). Although COFECE was careful to note that the investigation does not prejudge on the conducts and omissions of the involved economic agents, according to COFECE there are strong indications of potential collusion and other anti-competitive practices by competing companies in the sector.
Although formally initiated late last week, the investigation comes as a direct result of a request filed by the Energy Regulatory Commission (CRE) in late 2017. As part of this request, CRE provided COFECE with information that shows that LP gas prices in Mexico have skyrocketed ever since the liberalization of the market in January 2017.
COFECE will have a 120 business days term to conduct its investigation. This initial term may be extended up to 4 times (for 120 business days each) and upon its conclusion, COFECE will issue a resolution either initiating a process against the involved economic agents or dismissing the case.
If found liable, economic agents involved in absolute monopolistic practices may face fines of up to 10% of their revenue (irrespective of and in addition to any criminal or civil liability that the economic agents may face). Individuals found guilty of participating in the execution or negotiation of anti-competitive agreements may face up to 10 years of prison.
Should you have any comments or questions or require any additional information, please contact Hernan González or Dante Trevedan.
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While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
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In this edition of Regulation Around the World we review recent steps that financial services regulatory authorities have taken as regards investment research.
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We have had a new pension tax regime since April 6, 2024. The underlying legislation is convoluted and almost impossible for a lay person to follow, so you would be forgiven for thinking there was a lot to study. At the very granular level that is true, and your scheme administrators will have a lot of detailed changes to make to systems. However if you zoom out a bit, in many ways life hasn’t changed. We’ve done the poring over densely amended tax legislation for you. Here are the highlights: five things to know and three things to do.
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