Regulatory Alerts2017-09-05 | DOF 5496099Added
Official Letter modifying the authorization granted to Fianzas Guardiana Inbursa, S.A., Grupo Financiero Inbursa, to operate as a surety institution
The National Commission for Insurance and Sureties modifies the authorization granted to Fianzas Guardiana Inbursa, S.A., Grupo Financiero Inbursa, to operate as a surety institution. The changes replace the reference to "Federal District" with "Mexico City" in the institution's social domicile and update the capital requirement clause to mandate that the minimum paid-in capital be expressed in Investment Units and paid in national currency, in accordance with Article 49 of the Insurance and Surety Institutions Law. The resolution mandates publication of these changes in the Official Gazette of the Federation and two widely circulated newspapers within 120 days of notification.