Office Letter Modifying the Terms of the Authorization for the Organization and Operation of Scotiabank Inverlat, S.A., Multiple Banking Institution, Scotiabank Inverlat Financial Group

Official Gazette of the Federation (DOF): 12/05/2022

LETTER by which the terms of the authorization for the organization and operation of Scotiabank Inverlat, S.A., Multiple Banking Institution, Scotiabank Inverlat Financial Group are modified

On the margin a seal with the National Shield, which says: United Mexican States.- TREASURY.- Secretariat 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 D.- Letter No. 312-3/2511294/2022.- File CNBV.3S.3.2, 312 (72).

Subject :

The terms of the authorization for the organization and operation of said entity are modified.

SCOTIABANK INVERLAT, S.A.
MULTIPLE BANKING INSTITUTION,
SCOTIABANK INVERLAT FINANCIAL GROUP

Manuel Ávila Camacho Boulevard No. 1, 19th floor, Lomas de Chapultepec I Section Neighborhood, Miguel Hidalgo, Postal Code 11000, Mexico City.

ATTN:

Attorney ADRIAN OTERO ROSILES
General Director

By means of letter 312-3/14848/2021 dated June 24, 2021, this Commission approved the reform to Article Sixth of the social statutes of Scotiabank Inverlat, S.A., Multiple Banking Institution, Scotiabank Inverlat Financial Group (Scotiabank), on the occasion of the increase to its social capital of the amount of $9,153 ' 500,000.00 to $9,207 ' 023,304.00, as a consequence of its merger, as merging company with Servicios Corporativos Scotia, S.A. de C.V, as merged company, in terms of the draft minutes of the extraordinary general shareholders meeting that they presented for such effect.

With document presented to this Commission on July 13, 2021, through the email VPSupervisionGIFB@cnbv.gob.mx, and in compliance with the requirement contained in letter 312-3/14848/ 2021 aforementioned, Scotiabank submitted certified copy of public deed 67,844 dated June 30, 2021, granted before the faith of Attorney Héctor Manuel Cárdenas Villarreal, public notary number 201 of Mexico City and registered in the Public Registry of Commerce of this same city, on June 30, 2021, under electronic commercial folio number 198867-1 in which the statutory modification in question was formalized.

For the foregoing and based on Article 8, last paragraph of the Credit Institutions Law, this Commission sees fit to modify Point Third of the "Resolution by which the organization and operation of a subsidiary multiple banking institution to be named Scotiabank Inverlat, S.A., Multiple Banking Institution, Scotiabank Inverlat Financial Group is authorized" contained in letter 101.-00704 dated May 30, 2003, issued by the Secretariat of Finance and Public Credit, published in the Official Gazette of the Federation on July 3, 2003, modified for the last time by means of letter 312-2/70069/2019 dated May 2, 2019 and published in said Gazette on May 24, 2019, to remain in the following terms:

"...

THIRD. - The social capital of Scotiabank Inverlat, S.A., Multiple Banking Institution, Scotiabank Inverlat Financial Group, amounts to the quantity of $9,207 '