Regulatory Alerts2021-04-28 | DOF 5617026Added · Updated
Authorization for the Organization and Operation of BXL Fintech, S.A. de C.V., Collective Financing Institution
The National Banking and Securities Commission authorizes Marketplace Myo, S.A.P.I. de C.V. to organize and operate as a collective financing institution named BXL Fintech, S.A. de C.V., with an initial social capital of $7,911,330.00 MXN. The authorization is intransmissible and subject to supervision by the Commission and the Bank of Mexico. The entity must commence operations within six months of notification, failing which the authorization will be revoked, and must comply with all applicable financial technology regulations and anti-money laundering requirements.