Regulatory Alerts2016-09-12 | DOF 5452267Added
Official Letter Revoking the Operating Authorization Granted to Caja Cristo Rey, S.C. de A.P. de R.L. de C.V.
The National Banking and Securities Commission revokes the operating authorization of Caja Cristo Rey, S.C. de A.P. de R.L. de C.V. due to its entry into a state of dissolution and liquidation following an extraordinary shareholders' meeting on December 14, 2015. The entity failed to exercise its right to a hearing within the ten-day period granted after being notified of the potential revocation on June 30, 2016. The decision is based on Article 84, fraction XII of the Law for the Regulation of Savings and Loan Cooperative Activities, which mandates revocation when a cooperative dissolves, liquidates, or goes bankrupt.
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