Regulatory Alerts2016-01-27 | DOF 5423671Added
Official Letter Modifying Article 3, Fraction II of the Authorization Granted to Seguros Multiva, S.A., Grupo Financiero Multiva Due to Reduction in Authorized Paid-in Capital
The Ministry of Finance and Public Credit modifies Article 3, Fraction II of the authorization granted to Seguros Multiva, S.A., Grupo Financiero Multiva, reducing its authorized paid-in capital from $412,500,000.00 to $169,733,000.00. This adjustment reflects the capital reduction approved by the company's shareholders on January 31, 2014, and formally recorded in the public deed of September 8, 2014. The resolution updates the full text of the authorization to reflect the new capital amount and confirms the institution's continued authorization to operate as an insurance company under the specified terms.