Regulatory Alerts2021-07-29 | DOF 5625173Added · Updated
Official Letter Granting Authorization to M2crowd Administradora de Proyectos, S.A. de C.V. to Organize and Operate M2crowd, S.A. de C.V., Collective Financing Institution
The National Banking and Securities Commission authorizes M2crowd Administradora de Proyectos, S.A. de C.V. to organize and operate as a collective financing institution named M2crowd, S.A. de C.V., Collective Financing Institution. The authorization is subject to specific bases including an initial social capital of $9,411,599.00 MXN, an indefinite duration, and a domicile in Mexico City. The institution is subject to supervision by the Commission and the Bank of Mexico and must comply with the Law for the Regulation of Financial Technology Institutions and related general provisions.