Regulatory Alerts2020-04-01 | DOF 5590922Added
Official Letter modifying the authorization granted to Mapfre Fianzas, S.A. to organize and operate as a surety institution
The National Commission of Insurance and Sureties modifies the authorization granted to Mapfre Fianzas, S.A. to organize and operate as a surety institution. The changes include the removal of the "financial sureties" sub-line from its corporate purpose, the update of its registered domicile to Mexico City, and the requirement that its social capital be expressed in Investment Units and paid in national currency. The full text of the modified authorization, detailing the permitted surety branches and applicable legal bases, is incorporated into the resolution.