Regulatory Alerts2020-12-28 | DOF 5608913Added · Updated
Notice regarding the closure of the Mexico representation office of Bank of Montreal, Montreal, Canada, and the revocation of its establishment authorization
The National Banking and Securities Commission authorizes the definitive closure of the Mexico representation office of Bank of Montreal, Montreal, Canada, and revokes the authorization for its establishment. This decision follows the bank's notification of closure and request for authorization revocation submitted in late 2019 and early 2020. The revocation is based on the favorable opinion of the Authorization Committee and applies to the establishment originally authorized by the Secretariat of Finance and Public Credit in 1963.
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