Regulatory Alerts2015-12-23 | DOF 5421207Added · Updated
Resolution modifying the authorization for the constitution and operation of a financial group subsidiary controlled by Grupo Financiero Barclays México, S.A. de C.V.
The Ministry of Finance and Public Credit modifies the authorization for Grupo Financiero Barclays México, S.A. de C.V. to organize as a Subsidiary Controlling Company and operate as a financial group. The resolution updates the group's structure, confirming Barclays Bank PLC as the owner of at least 51% of the subsidiary's capital and defining the integrated entities, including Barclays Bank México and Barclays Capital Casa de Bolsa. It also removes the specific fixed capital amount from the authorization text and subjects the entity to the supervision of the National Banking and Securities Commission.
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