Individual decision · SHCP · 7 Jul 2021 · DOF 5623148
The National Banking and Securities Commission (CNBV) formally records the definitive closure of the representation office of Deutsche Bank A.G., Frankfurt, Germany, in Mexico and revokes the authorization granted on January 15, 1982, for its establishment. This action follows the notification submitted by the bank on August 14 and October 20, 2020, requesting the closure and subsequent revocation of its operating license. The revocation was unanimously adopted by the Board of Directors on November 13, 2020, pursuant to Article 12 of the National Banking and Securities Law and applicable representation office rules.
DOF: 07/07/2021
OFFICE DOCUMENT by which the closure of its representation office in Mexico of Deutsche Bank A.G. Frankfurt, Germany, Representation in Mexico, as well as the revocation of the authorization for its establishment, is made known.
At the margin, a seal with the National Coat of Arms, which says: United Mexican States.- TREASURY.- Ministry of Finance and Public Credit.- National Banking and Securities Commission.- Vice Presidency of Normativity.- General Directorate of Authorizations to the Financial System.- Vice Presidency of Supervision of Groups and Financial Intermediaries B.- General Directorate of Supervision of Groups and Financial Intermediaries E.- Office No. 312-3/0365/2020.- File: CNBV.3S.3.2,312 (1065).
Subject:
Closure of your Representation Office in
Mexico and revocation of the authorization for
its establishment.
DEUTSCHE BANK A.G.
FRANKFURT,
GERMANY, REPRESENTATION IN MEXICO
Pedregal No. 24, floor 20,
Col. Molino del Rey, Miguel Hidalgo,
C.P. 11040, Mexico City.
TO:
MR. CLAUDIO FEDERICO CURTIUS
Representative
We refer to the writings presented to this Commission on August 14 and October 20, 2020, through the email address VPSupervisiónGIFB@cnbv.gob.mx, by Deutsche Bank A.G., Frankfurt, Germany, Representation in Mexico (Deutsche Bank Representation Office), through which it notified its definitive closure and, consequently, requested the revocation of its authorization to establish itself as a representation office in Mexico.
BACKGROUND
1.
By office document 356-I-BE-549 dated January 15, 1982, the Ministry of Finance and Public Credit (SHCP) authorized Deutsche Bank A.G. to establish a representation office in Mexico, named Deutsche Bank A.G., Frankfurt, Germany, Representation in Mexico.
2.
By office document UBVA/DGABV/397/2010 dated May 20, 2010, the SHCP authorized Mr. Claudio Federico Curtius to serve as the representative in charge of the representation office in Mexico of Deutsche Bank A.G.
Regarding this matter, considering that the request and documentation presented comply with the applicable provisions, this Commission, based on what is established in the Fifteenth, fraction VI of the
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