How much do you know about Mexico's Federal Law on Protection of Personal Data?

The Federal Law on Protection of Personal Data Held by Private Parties is enacted.
Articles 3, II and VII, and 33 of the Federal Law on Transparency and Access to Governmental Public Information are reformed.
The law aims to protect personal data held by private parties and regulate its legitimate, controlled, and informed treatment to guarantee privacy and the right to intimacy.
The law applies to private individuals or entities that handle personal data, with exceptions.
The law defines terms such as notice of privacy, databases, blocking, consent, personal data, sensitive personal data, dissociation, third party, and more.
The law establishes principles and rights for the lawful and responsible treatment of personal data.
Personal data must be obtained and treated lawfully and not through fraudulent means.
The treatment of personal data requires the consent of the data subject, except in certain cases.
Personal data must be relevant, correct, and updated, and deleted when no longer necessary or after a certain period.
The law establishes the Federal Institute of Access to Information and Data Protection as the regulatory authority.
Data processing must be limited to the purposes stated in the privacy notice.
If the data is to be used for a different purpose, consent must be obtained again.
Personal data must be necessary, appropriate, and relevant to the stated purposes.
Efforts must be made to limit the processing of sensitive personal data.
Measures must be taken to ensure the privacy notice is respected by the data controller and any third parties involved.
The privacy notice must be made available to data subjects through various formats.
Data controllers must establish and maintain administrative, technical, and physical security measures to protect personal data.
Data subjects have the right to access, rectify, cancel, and oppose the processing of their personal data.
Personal data can be retained for legal obligations or public interest purposes.
Data controllers must designate a person or department to handle data subject requests and promote data protection within the organization.
The Mexican Federal Law on Protection of Personal Data regulates the collection, use, storage, and transfer of personal data.
The law applies to individuals and private and public entities that collect personal data.
Personal data can only be collected for lawful purposes with the consent of the individual.
Individuals have the right to access, rectify, cancel, and oppose the use of their personal data.
The responsible party must provide access to personal data or copies of it upon request.
The responsible party can deny access to personal data in certain circumstances.
The transfer of personal data to third parties must be communicated to the individual and requires their consent.
The National Institute for Transparency, Access to Information and Personal Data Protection is responsible for enforcing the law and promoting awareness of personal data protection.
The Ministry of Economy is responsible for promoting best practices in personal data protection in the private sector.
Individuals and organizations can enter into agreements for the protection of personal data.
The law provides for self-regulation schemes to complement its provisions on data protection.
These schemes should contain mechanisms to measure their effectiveness and provide effective corrective measures.
Self-regulation schemes can take the form of codes of ethics, trust seals, or other mechanisms.
The application for data protection must be made within 15 days of receiving a response from the responsible party.
The Institute will admit evidence and conduct hearings to resolve the application.
The Institute has 50 days to issue a resolution.
The responsible party must comply with the resolution within 10 days.
The Institute can seek conciliation between the parties at any point in the process.
The Institute can make its resolutions public, but must protect the identity of the data subject.
Data subjects can seek compensation for damages resulting from non-compliance with the law.