Regulatory Alerts2023-04-10 | DOF 5685149Added · Updated
Official Letter Granting Authorization for the Organization and Operation of Sylon Capital, S.A.P.I. de C.V., Electronic Payment Fund Institution
The National Banking and Securities Commission authorizes Sylon Capital, S.A.P.I. de C.V. to organize and operate as an Electronic Payment Fund Institution. The entity is established with an initial social capital of $6,562,385.00 MXN, an indefinite duration, and its registered domicile in the State of Mexico. The authorization is intransmissible and subjects the institution to the supervision of the Commission and the Bank of Mexico, requiring compliance with specific legal and operational requirements at least thirty business days prior to the start of operations.