Regulatory Alerts2024-07-08 | DOF 5732611Added
Official Letter Modifying the Authorization Terms for the Organization and Operation of 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., to reflect a social capital increase to $647,300,000.00 Mexican pesos, following statutory reforms approved in April 2024. 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, with all publications to be completed within fifteen business days of receiving the letter.