Regulatory Alerts2021-10-29 | DOF 5634069Added · Updated
Official Letter Authorizing the Organization and Operation of PorCuanto, S.A. de C.V., a Collective Financing Institution
The National Banking and Securities Commission authorizes PorCuanto, S.A. de C.V. to organize and operate as a Collective Financing Institution with an initial social capital of 8,000,000.00 Mexican pesos. The authorization is intransmissible and subject to supervision by the Commission and the Bank of Mexico. The institution must commence operations within six months of notification, or the authorization will be revoked, and must verify compliance with Article 40 of the Law for the Regulation of Financial Technology Institutions at least thirty business days prior to starting operations.