Regulatory Alerts2018-06-21 | DOF 5528540Added
Official Letter modifying the authorization granted to Pensiones Sura, S.A. de C.V. to organize and operate as a life insurance subsidiary
The National Insurance and Bonds Commission modifies the authorization granted to Pensiones Sura, S.A. de C.V. to reflect changes in its bylaws, specifically updating its social domicile to Mexico City and replacing the fixed capital reference with a variable capital requirement based on authorized operations. The institution must maintain a minimum paid-in capital expressed in Investment Units and covered in national currency for each authorized line of business, while retaining its exclusive purpose of managing pension insurance derived from social security laws. These resolutions must be published in the Official Gazette and two widely circulated newspapers within 120 days of notification.