Regulatory Alerts2024-04-17 | DOF 5723622Added
Authorization for the Organization and Operation of Technology and Innovation in Payments EKT, S.A. de C.V., Electronic Payment Funds Institution
The National Banking and Securities Commission authorizes Grupo Elektra, S.A.B. de C.V., and Nueva Elektra del Milenio, S.A. de C.V., to organize and operate an Electronic Payment Funds Institution named Tecnología e Innovación en Pagos EKT, S.A. de C.V. The entity must maintain an initial fixed minimum social capital of 85,000,000.00 Mexican pesos and is subject to supervision by the Commission and the Bank of Mexico. The institution must demonstrate compliance with Article 40 of the Law for Regulating Financial Technology Institutions at least thirty business days prior to commencing operations.