Regulatory Alerts2016-12-27 | DOF 5467671Added
Official Letter Authorizing the Separation of Seguros Multiva, S.A. from Grupo Financiero Multiva
The Ministry of Finance and Public Credit authorizes the separation of Seguros Multiva, S.A. from Grupo Financiero Multiva, S.A.B. de C.V. and approves corresponding modifications to the controlling company's bylaws and the Single Liability Agreement. The authorization is subject to the condition that the public deed of separation be registered in the Public Commerce Registry within twenty business days of notification, with effects arising upon such registration. The controlling entity remains liable for any losses incurred by the separated insurer up to the moment of separation, and the decisions must be published in the Official Journal of the Federation.