Official Letter Granting Authorization for the Organization and Operation of an Electronic Payment Funds Institution to be Named Pretech, S.A. de C.V., Electronic Payment Funds Institution — SHCP — MX

Official Gazette of the Federation: 17/07/2023

OFFICIAL LETTER granting authorization for the organization and operation of an electronic payment funds institution to be named Pretech, S

In the margin a seal with the National Shield, which says: United Mexican States.- TREASURY.- Secretariat of Finance and Public Credit.- National Banking and Securities Commission.- Presidency.- Official Letter No.: P178/ 2021.

Subject:

Authorization for the organization and operation of

an electronic payment funds institution to

be named Pretech, S.A. de C.V., Electronic Payment

Funds Institution.

PREVISIÓN DEL TRABAJO, S.A. DE C.V.

Cerrada Suiza No. 40, interior 202,

Col. San Jerónimo Aculco, Zip Code 10400,

La Magdalena Contreras, Mexico City.

ATTN.:

Citizen EDUARDO VELASCO AMESCUA

Legal Representative

With documents presented on September 25 and 27, 2019, Previsión del Trabajo, S.A. de C.V.,

(Pretech or the company) requested from the National Banking and Securities Commission (Commission) authorization to

organize and operate as an Electronic Payment Funds Institution to be named Pretech, S.A. de

C.V., Electronic Payment Funds Institution, attaching for this purpose the corresponding supporting information and documentation.

As a background, it should be noted that this Commission prevented Pretech within the established period in the

Law to Regulate Financial Technology Institutions, in order to attend to various observations and

recommendations in relation to its authorization request, granting for this purpose the extension requested to

this authority.

In relation to the above, Pretech sent various documentation and information in order to provide

response to the prevention referred to above. Likewise, this authority required from Pretech various

complementary documentation and information in order to be in conditions to attend to its request for

authorization, so that said company attended to the request for complementary information and sent

updated documentation and information in relation to its file. The company requested an extension

to the resolution period and an extension for the processing which were granted.

On this matter, the Interinstitutional Committee in session held on June 21, 2021, based

on articles 11 and 35, in relation to article 22 of the Law to Regulate Financial Technology Institutions and,

CONSIDERING

FIRST.- That the documentation and information presented on the occasion of the authorization request

for the organization and operation of the electronic payment funds institution to be named Pretech, S.A.

de C.V., Electronic Payment Funds Institution, complies with the requirements provided in article 22, in

relation to article 39 of the Law to Regulate Financial Technology Institutions and with articles

3, 4 and 6 of the General Provisions applicable to Financial Technology Institutions.

SECOND. - That from the analysis of the documentation and information received it was concluded that from the point

of view legal, financial and operational it is appropriate to grant the requested authorization, so the following was adopted:

AGREEMENT

" FIRST.- The members of the Interinstitutional Committee, based on articles 11 and 35, in

relation to article 22 of the Law to Regulate Financial Technology Institutions, approve by

unanimity the authorization for the organization and operation of an Electronic Payment Funds Institution

to be named Pretech, S.A. de C.V., Electronic Payment Funds Institution, in the terms of the

proposal presented to the Committee. " .

The previous agreement is adopted without prejudice to the other authorizations that on the occasion of the act described

must be obtained from the National Banking and Securities Commission, in terms of the applicable provisions,

as well as the exercise of the powers attributed to the Commission itself during the organization process of

Pretech, S.A. de C.V., Electronic Payment Funds Institution, in which all the

conditions and requirements that the Commission itself imposes on it must be fulfilled.

The entity whose organization and operation is authorized, will be subject to the following:

CONDITIONS

FIRST.-

The name of the company will be Pretech, S.A. de C.V., Electronic Payment

Funds Institution.

SECOND.-

It will have its social domicile in Mexico City.

THIRD.-

Its duration will be indefinite.

FOURTH.-

The amount of its initial social capital will be $18,815,742.00 (eighteen million

eight hundred fifteen thousand seven hundred forty-two pesos 00/100 National Currency).

FIFTH.-

Its corporate purpose will correspond to the realization of all activities in national

currency contemplated in articles 22 and 25, sections I, III, IV, VII, VIII, IX, X and XIII of

the Law to Regulate Financial Technology Institutions.

SIXTH.-

The authorization referred to in this official letter is, by its own nature,

non-transferable.

SEVENTH.-

The institution will be subject to the supervision of the National Banking and Securities

Commission and of the Bank of Mexico, in the exercise of their respective powers, as well as,

of the other competent financial authorities in the terms that the laws

provide.

EIGHTH.-

The services consisting of the issuance, administration, redemption and transmission of

electronic payment funds that the institution provides by virtue of this authorization,

as well as the other operations it carries out, as well as its organization and

operation in general, will be subject, in what is not expressly indicated in this official letter,

to the Law to Regulate Financial Technology Institutions, to the rules and

general provisions applicable to Financial Technology Institutions

issued by the National Banking and Securities Commission, to the provisions that regarding

its operations issues the Bank of Mexico and to the other norms and provisions

in force and those that are issued in the future by any competent authority, including

those relating to operations with resources of illicit origin and financing to

terrorism, which by their nature result applicable.

In relation to the above exposed, Pretech must observe the terms and attend to the obligations

contained in official letter P179/2021 dated June 24, 2021.

The present, is issued based on articles 16, sections I and XVII of the Law of the National Banking and Securities

Commission and 12 and 41, section I of the Internal Regulations of the National Banking and Securities

Commission.

Sincerely

Mexico City, June 24, 2021. - President, Juan Pablo Graf Noriega .- Signature.

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