Regulatory Alerts2021-09-30 | DOF 5631311Added · Updated
Official Letter Authorizing the Organization and Operation of Play Business, S.A.P.I. de C.V., a Collective Financing Institution
The National Banking and Securities Commission authorizes Play Business, S.A.P.I. de C.V. to organize and operate as a Collective Financing Institution with an initial social capital of $26,620,781.82 MXN. The entity is permitted to conduct capital, co-ownership, and royalty financing operations with amounts between 1,670,000 and 6,700,000 UDIS, and to send or receive national or foreign currency transfers to or from foreign financial entities. The authorization is intransmissible and subject to supervision by the Commission and the Bank of Mexico.