Regulatory Alerts2023-04-06 | DOF 5685009Added · Updated
Office Memo whereby authorization is granted for the organization and operation of a crowdfunding institution to be named EXPANSIVE REALTY, S.A.P.I. de C.V., Crowdfunding Institution
Authorization is granted for the organization and operation of EXPANSIVE REALTY, S.A.P.I. de C.V. as a Crowdfunding Institution under the Law to Regulate Financial Technology Institutions. The entity is established with an indefinite duration, a social domicile in Mexico City, and an authorized initial share capital of $12,098,500.00 MXN. The institution must comply with applicable regulations regarding debt crowdfunding, anti-money laundering, and terrorist financing, and remains subject to supervision by the National Banking and Securities Commission and the Bank of Mexico.