Regulatory Alerts2017-02-07 | DOF 5471007Added
Authorization for Opción Óptima, S.A. de C.V., Rikafran S.A. de C.V., and Barents Re Reinsurance Company, Inc. to organize and operate Fianzas Avanza, S.A. de C.V.
The Ministry of Finance and Public Credit authorizes Opción Óptima, S.A. de C.V., Rikafran S.A. de C.V., and Barents Re Reinsurance Company, Inc. to organize and operate a surety institution named Fianzas Avanza, S.A. de C.V. through the change of corporate purpose of Grupo Sodafi, S.A. de C.V. The authorization permits the institution to conduct fidelity, judicial, administrative, credit sureties, and guarantee trusts, subject to minimum paid-in capital requirements and supervision by the National Commission of Insurance and Bonds. The authorization is conditional upon the presentation of the public deed of incorporation within ninety days and the commencement of operations within one hundred eighty days of deed approval.