Regulatory Alerts2018-05-10 | DOF 5522123Added
Official Letter Modifying the Authorization Granted to Profuturo GNP Pensiones, S.A. de C.V. to Organize and Operate as an Insurance Institution
The National Insurance and Bonds Commission modifies the authorization granted to Profuturo GNP Pensiones, S.A. de C.V. to reflect changes in its bylaws, specifically updating the registered domicile from the Federal District to Mexico City and replacing the fixed capital amount with a variable capital requirement expressed in Investment Units. The institution is required to maintain the minimum paid-in capital determined annually for each authorized operation or line of business, payable in national currency, while ensuring that withdrawable variable capital never exceeds non-withdrawable paid-in capital. These resolutions must be published in the Official Gazette of the Federation and two widely circulated newspapers within 120 days of notification.