2023-05-22 | DOF 5689450Added · Updated
The Inter-institutional Committee unanimously authorizes SFC Snowball Community, S.A. de C.V. to organize and operate as a Collective Financing Institution. The authorization is subject to specific bases including a legal name, a domicile in Mexico City, a 99-year duration, and an initial social capital of $17,245,300.00 MXN. The institution is subject to supervision by the National Banking and Securities Commission and the Bank of Mexico, and must comply with the Law for the Regulation of Financial Technology Institutions and related general provisions.
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