Regulatory Alerts2022-07-22 | DOF 5658982Added
Office Letter Modifying the Authorization to Organize, Operate and Function as an Insurance Institution Granted to MetLife México, S.A. de C.V. (formerly MetLife México, S.A.)
The authorization granted to MetLife México, S.A. de C.V. to operate as a subsidiary insurance institution is modified to reflect changes to its corporate bylaws adopting the regime of a Variable Capital Stock Corporation. The modification approves a reduction of fixed subscribed and paid-in capital from $4,811,900,000.00 to $2,406,000,000.00, with the difference constituting variable capital. The institution must publish this order in the Official Gazette of the Federation and two widely circulated newspapers within 120 days of notification.
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