Regulatory Alerts2018-04-25 | DOF 5520711Added
Resolution modifying the Agreement delegating the authority to impose administrative sanctions to the President, Legal Vice President, Director General of Crimes and Sanctions, and Deputy Directors General of Administrative Sanctions A, B and C of the CNBV
The resolution adds a Fourth Article to the existing Agreement, explicitly delegating to the President, Legal Vice President, and Director General of Crimes and Sanctions of the National Banking and Securities Commission (CNBV) the authority to cancel the registration of exchange centers, money transmitters, and investment advisors. This delegated power applies to the specific grounds for cancellation outlined in Articles 81-B and 81-D of the General Law of Organizations and Auxiliary Credit Activities and Articles 225 and 227 Bis of the Securities Market Law. The resolution entered into force the day following its publication in the Official Gazette of the Federation on April 26, 2018.
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