Regulatory Alerts2016-12-02 | DOF 5463869Added
Authorization for HSBC Fianzas, S.A. to change its corporate name to Afianzadora Punto Aserta, S.A. and cease being a subsidiary of HSBC Financial Group
The Ministry of Finance and Public Credit authorizes HSBC Fianzas, S.A., Grupo Financiero HSBC to modify its corporate name to Afianzadora Punto Aserta, S.A., to cease operating as a subsidiary of HSBC Holdings Plc., and to become a Mexican-majority capital surety institution no longer part of Grupo Financiero HSBC, S.A. de C.V. The authorization is amended to reflect the new name, the removal of HSBC group affiliation, and the establishment of a social capital of 60 million pesos. The resolution is published in the Official Journal of the Federation at the expense of the institution.
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