Regulatory Alerts2023-04-28 | DOF 5687163Added
Official Letter Revoking Authorization Granted to Landesbank Baden-Württemberg of Stuttgart, Federal Republic of Germany, Representative Office in Mexico, to Operate as a Representative Office of a Foreign Financial Entity
The authorization granted to Landesbank Baden-Württemberg of Stuttgart, Federal Republic of Germany, Representative Office in Mexico, to operate as a representative office of a foreign financial entity is revoked. This resolution is issued by the National Banking and Securities Commission pursuant to Article 7, paragraph three of the Credit Institutions Law and related provisions, following a determination that the cause for revocation was substantiated. Effective from the date of notification, the entity is prohibited from carrying out any activities.
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