Regulatory Alerts2026-04-05
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Circular dated April 2, 2026 amending the definition of financial companies in which banks are allowed to contribute without a maximum limit
The Central Bank's Board of Directors amended item (3) of the circular dated August 24, 2004, to update the definition of financial companies whose shares banks may own without a maximum limit. The revised definition adds fintech startups engaged in non-banking financial activities, money transfer companies, consumer finance companies, and companies financing medium, small, and micro enterprises to the existing list. This amendment applies to banks and replaces the previous enumeration of eligible financial entities.
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