Regulatory Alerts2022-12-12 | DOF 5673892Added
Official Letter Granting Authorization for the Organization and Operation of a Crowdfunding Institution Named Sustainable Tech Esg, S.A.P.I. de C.V., Crowdfunding Institution
Authorization is granted for the organization and operation of Sustainable Tech Esg, S.A.P.I. de C.V. as a Crowdfunding Institution following a unanimous agreement by the Interinstitutional Committee. The entity is established with an indefinite duration, domicile in Mexico City, and an initial share capital of $10,520,240.00 MXN. It must demonstrate compliance with Article 40 of the Law to Regulate Financial Technology Institutions at least thirty business days prior to commencing operations and will remain subject to supervision by the National Banking and Securities Commission and the Bank of Mexico.
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