Regulatory Alerts2017-09-25 | DOF 5498426Added
Office Order Modifying the Preamble and Resolutive Clauses of the Authorization Granted to Principal Financial Group, S.A. de C.V., Grupo Financiero
The document modifies the authorization granted to Principal Financial Group, S.A. de C.V., Grupo Financiero to update its name from Principal México Holding, S.A. de C.V. and reflect corporate changes, including the renaming of its insurance subsidiary to Principal Seguros, S.A. de C.V. It establishes that the financial group comprises Principal Afore, Principal Fondos de Inversión, Principal Seguros, and Principal Pensiones, and sets a minimum fixed capital of $950,378,120.00 MXN for the holding company. The resolution also confirms the intransmissible nature of the authorization and subjects the controlling society to the supervision of the Comisión Nacional del Sistema de Ahorro para el Retiro.