Regulatory Alerts2021-03-18 | DOF 5613852Added · Updated
Authorization for the Organization and Operation of Trafalgar Digital, S.A. de C.V., Electronic Payment Funds Institution
The National Banking and Securities Commission authorizes Trafalgar Digital, S.A. de C.V. to organize and operate as an Electronic Payment Funds Institution with an initial social capital of $24,000,000.00 MXN represented by 240,000 ordinary shares. The entity is subject to supervision by the Commission and the Bank of Mexico and must commence operations within six months of notification or face revocation of its authorization. The authorization is intransmissible and requires compliance with specific legal, financial, and operational requirements under the Law to Regulate Financial Technology Institutions.