Regulatory Alerts2022-10-13 | DOF 5668035Added · Updated
Official Letter Modifying the Terms of the Authorization to Operate as a Credit Union for Union de Credito Empresarial de Veracruz, S.A. de C.V.
The National Banking and Securities Commission modifies the authorization terms for Union de Credito Empresarial de Veracruz, S.A. de C.V. to reflect an increase in authorized share capital from $70,000,000.00 to $120,000,000.00 Mexican pesos. This change is based on a shareholder assembly held on July 11, 2022, and updates the capital structure to consist of 1,000,000 Series A fixed capital shares and 200,000 Series B variable capital shares, each with a nominal value of $100.00. The modification applies specifically to the second term, fraction II of the original authorization granted in 1994.