XM does not provide services to residents of the United States of America.

Mexican Senate passes regulation on popular election of judges



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 2-Mexican Senate passes regulation on popular election of judges</title></head><body>

Adds detail throughout

By Diego Oré

MEXICO CITY, Oct 10 (Reuters) -Mexican senators on Thursday passed regulations stipulating how a judicial overhaul that reforms the country's constitution will be implemented to popularly elect judges.

Congress passed a judicial reform in September which calls for the election of judges by popular vote, a move proponents say will ensure the judiciary serves the people and not organized crime but which critics say does not adequately target those they believe to be behind high rates of corruption.

Pushed by former President Andres Manuel Lopez Obrador in the last weeks of his administration, the judicial reform also spooked investors and strained relations with allies.

The secondary legislation passed on Thursday will now go to the lower house for discussion and vote. Ruling party Morena and its allies have a large majority in the chamber.

The proposal passed the senate with 81 of 128 votes in favor.

Before Oct. 16, the Senate must call for an extraordinary election to be held in mid-2025, to elect justices. The election would replace all Supreme Court justices, whose numbers will be reduced from 11 to nine.

Other top courts, regional chambers of the electoral court and half of magistrates and district judges will also see their positions up for election.

In 2027, voters will head to the polls to elect the remaining judicial seats.

Lopez Obrador and his successor and mentee President Claudia Sheinbaum argue the judicial overhaul is needed to properly serve the Mexican people and not organized crime.

"Democratizing the judiciary should not be stigmatized," said Morena senator Margarita Valdez. "It is new, but we should not be frightened or afraid."

Critics, however, say the reform does not target those who they consider to be behind the high rate of impunity and corruption in the Latin American nation, such as prosecutors, police and investigators.

The reform has also garnered concern from investors and Mexico's top trade partners, who fear it could weaken the nation's checks and balances and hurt the business climate in the region's No. 2 economy.

"(The legislation passed on Thursday) only serves to concentrate power into a bona fide autocracy," said opposition Senator Susana Zatarain.

"Absolutely nothing about this reform improves access to justice for the average citizen."

Mexico's Supreme Court earlier this month ruled that it would hear a challenge to the reform.



Reporting by Diego Ore; Editing by Brendan O'Boyle and Lincoln Feast.

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.