Regulatory Alerts2021-04-29 | DOF 5617127Added · Updated
Official Letter Granting Authorization for the Organization and Operation of a Collective Financing Institution Named Grupo Finansiell, S.A.P.I. de C.V., Collective Financing Institution
The National Banking and Securities Commission authorizes Grupo Finansiell, S.A.P.I. de C.V. to organize and operate as a Collective Financing Institution, subject to a suspensive condition that the entity must fully comply with points in the Annex of Official Letter P014/2021 within ninety natural days. The authorization allows the entity to receive cash from clients and send or receive national currency transfers to or from foreign financial entities, within established limits. The authorization will only take effect and be published in the Official Gazette of the Federation once compliance with these conditions is accredited.