Regulatory Alerts2019-10-09 | DOF 5574848Added
Notice of the Definitive Closure of Wells Fargo Bank, National Association, Representation Office in Mexico, and Revocation of Authorization for Its Establishment
The National Banking and Securities Commission (CNBV) formally notifies the definitive closure of Wells Fargo Bank, National Association, Representation Office in Mexico, and revokes the authorization for its establishment. This action follows a notification submitted by the bank on July 17, 2019, and is based on the Rules for Representation Offices of Foreign Financial Entities and the Law of the CNBV. The revocation was approved unanimously by the Board of Directors on September 23, 2019, following a favorable opinion from the Authorization Committee on September 13, 2019.
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