2021-09-30 | DOF 5631311

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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.

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Secretaria de Hacienda y Credito Publico

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DOF: 30/09/2021

OFFICIAL LETTER granting authorization for the organization and operation of a collective financing institution to be named Play Business, S.A.P.I. de C.V., Collective Financing Institution.

A seal bearing the National Emblem appears on the margin, which reads: United Mexican States.- TREASURY.- Ministry of Finance and Public Credit.- National Banking and Securities Commission.- Presidency.- Official Letter No.: P043/ 2021.

Subject:

Authorization for the organization and operation of

a collective financing institution to

be named Play Business, S.A.P.I. de C.V.,

Collective Financing Institution.

PLAY BUSINESS, S.A.P.I. DE C.V.

Francisco Márquez No. 144,

Condesa Neighborhood, Postal Code 06140,

Cuauhtémoc, Mexico City

TO:

C. JOAN CARLES SEGURA OYAMBURU

Legal Representative

With a writing submitted on September 25, 2019, Play Business, S.A.P.I. de C.V. requested authorization from the National Banking and Securities Commission (Commission) to organize and operate as a collective financing institution to be named Play Business, S.A.P.I. de C.V., Collective Financing Institution, attaching the corresponding supporting information and documentation.

As a background, it should be noted that this Commission warned Play Business, S.A.P.I. de C.V. within the period established in the Law to Regulate Financial Technology Institutions, in order for it to address various observations and recommendations regarding its authorization request, granting the extension requested from this authority.

Regarding the above, Play Business, S.A.P.I. de C.V. submitted various documents and information in order to respond to the aforementioned warning. Likewise, this authority required Play Business, S.A.P.I. de C.V. to provide various complementary documents and information in order to be in a position to address its authorization request, so that society complied with the request for complementary information and sent updated documentation and information regarding its file. The society requested an extension of the period granted to it.

On this matter, the Interinstitutional Committee in a session held on March 12, 2021, based on articles 11 and 35, in relation to articles 15 and 16 of the Law to Regulate Financial Technology Institutions and,

CONSIDERING

FIRST.- That the documentation and information presented on the occasion of the authorization request for the organization and operation of the Collective Financing Institution to be named Play Business, S.A.P.I. de C.V., Collective Financing Institution, meets the requirements provided for in article 15, in relation to article 39 of the Law to Regulate Financial Technology Institutions and with articles 3, 4 and 6 of the General Provisions applicable to Financial Technology Institutions, as well as with the rest of the regulation that corresponds to it by its nature.

SECOND.- That from the analysis of the documentation and information received, it was concluded that from the legal, financial and operational point of view, it is appropriate to grant the requested authorization, so the following was adopted:

AGREEMENT

" THIRD. - The members of the Interinstitutional Committee, based on articles 11 and 35, in relation to article 15 of the Law to Regulate Financial Technology Institutions, unanimously approve the authorization for the organization and operation of a Collective Financing Institution to be named Play Business, S.A.P.I. de C.V., Collective Financing Institution, under the terms of the proposal presented to the Committee. "

The previous agreement is adopted without prejudice to the other authorizations that must be obtained from the National Banking and Securities Commission on the occasion of the act described, in terms of the applicable provisions, as well as the exercise of the powers attributed to the Commission itself during the organization process of Play Business, S.A.P.I. de C.V., Collective Financing Institution, in which all the conditions and requirements that the Commission itself imposes must be met.

The entity whose organization and operation is authorized will be subject to the following:

BASES

FIRST.-

The name of the society will be Play Business, S.A.P.I. de C.V., Collective Financing Institution.

SECOND.-

It will have its social domicile in Mexico City.

THIRD.-

Its duration will be indefinite.

FOURTH.-

The amount of its initial social capital will be $26,620,781.82 (twenty-six million six hundred twenty thousand seven hundred eighty-one pesos 82/100 M.N.) represented by

6,549,538 ordinary shares without nominal value expression of Class I, Series "A",

representing the minimum fixed capital without right to withdrawal and Class II, Series "A", "B" and "E",

representing the variable capital.

FIFTH.-

Its corporate purpose will correspond to the activities indicated in article 15 of the Law to Regulate Financial Technology Institutions and will carry out the operations and the provision of services established in articles 16, fractions II and III and 19,

fractions I, II, III, IV, V, VI, VII, VIII, IX, X and XI of the aforementioned Law to Regulate Financial Technology Institutions.

SIXTH.-

The authorization referred to in this official letter is, by its very nature,

intransmissible.

SEVENTH.-

The institution will be subject to the supervision of the National Banking and Securities Commission

and of the Bank of Mexico, in the exercise of their respective attributes, as well as,

of the other competent financial authorities in the terms that the laws provide.

EIGHTH.-

The services consisting of collective capital financing, as well as

co-ownership or royalties that the institution provides by virtue of the present authorization, as

well as the other operations it carries out, as well as its organization and operation in general, will be subject, in what is not expressly stated in this official letter, to the Law to Regulate Financial Technology Institutions, to the rules and provisions of a general nature applicable to Financial Technology Institutions issued by the National Banking and Securities Commission, to the provisions that, with respect to its operations issued by the Bank of Mexico and to the other norms and provisions in force and those that are issued in the future by any competent authority, including those related to operations with resources of illicit origin and terrorism financing, that by its nature result applicable.

In relation to what was stated above, Play Business, S.A.P.I. de C.V., Collective Financing Institution, must observe the terms and attend the obligations contained in Official Letter No. P044/2021 of date March 16, 2021.

Finally, this Commission, based on articles 10 and 47, fraction II of the Provisions of general nature applicable to authorized financial technology institutions, authorizes Play Business, S.A.P.I. de C.V., Collective Financing Institution, the following: i) send or receive transfers of resources in national or foreign currency, to or from deposit accounts opened in financial entities of the exterior or in other entities in foreign territory authorized to carry out operations similar to those of Play Business, S.A.P.I. de C.V., Collective Financing Institution, and ii) the realization of operations of collective financing of capital and co-ownership and royalties for amounts equivalent in national currency superior to 1,670,000 investment units and up to 6,700,000 investment units.

This is issued based on articles 16, fractions I and XVII of the Law of the National Banking and Securities Commission and 12 and 41, fractions I and III of the Internal Regulations of the National Banking and Securities Commission.

Respectfully

Mexico City, March 16, 2021. - President, Juan Pablo Graf Noriega.- Signature.

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