Regulatory Alerts2023-08-29 | DOF 5700026Added
Official Letter announcing the closure of the Representative Office in Mexico, as well as revocation of the authorization for the establishment of Shinhan Bank, Representative Office in Mexico
The authorization for the establishment of Shinhan Bank's Representative Office in Mexico, originally granted on October 8, 2008, is revoked following the entity's notification of definitive closure. This decision stems from requests submitted on May 18 and June 23, 2023, and was formalized by the Governing Board during a session on July 7, 2023. The National Banking and Securities Commission takes note of the closure pursuant to the Rules of representative offices of foreign financial entities published on December 31, 2014.
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