Regulatory Alerts2023-02-27 | DOF 5680851Added · Updated
Official Letter Modifying the Authorization Terms for Banco PagaTodo, S.A., Multiple Banking Institution
The National Banking and Securities Commission modifies the Fifth Base of the authorization for Banco PagaTodo, S.A., Multiple Banking Institution to reflect a total social capital of $486,300,000.00 Mexican pesos. This adjustment formalizes statutory reforms approved in October 2022 following capital increases agreed upon in shareholder meetings held between December 2020 and December 2021. The institution is required to report the publication dates of this official letter in the Official Gazette and two widely circulated newspapers within ten business days of publication.