Regulatory Alerts2020-06-30 | DOF 5595791Added · Updated
Agreement Modifying Various Provisions of the Organic Regulations of the National Savings and Financial Services Bank, National Credit Society, Development Banking Institution
This agreement amends the Organic Regulations of the National Savings and Financial Services Bank to reflect its renaming as the Bank of Wellbeing (Banco del Bienestar) and updates its social capital to $1,947,025,000.00 MXN following a $200,000,000.00 MXN capital increase. The modifications revise Articles 1, 2, 3, 4, 5, 7, 26, and 32, and add Article 23 Bis to align the institution's internal governance with the Organic Law of the Bank of Wellbeing. The agreement entered into force the day after its publication in the Official Gazette of the Federation on June 30, 2020.
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