Regulatory Alerts2016-05-26 | DOF 5438873Added
Notice of Closure of Banco de Sabadell, S.A. Representation Office in Mexico and Revocation of Authorization
The National Banking and Securities Commission authorized the definitive closure of the Mexico representation office of Banco de Sabadell, S.A., Sabadell, Spain, and revoked the authorization for its establishment. This decision follows a request submitted by the bank's representative on February 26, 2016, and was approved unanimously by the Board of Governors on April 29, 2016, based on the Rules for representation offices of foreign financial entities. The authorization originally granted by the Ministry of Finance and Public Credit on April 24, 1991, is hereby revoked as a consequence of the closure.
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