Regulatory Alerts2025-02-28 | DOF 5750573Added
Resolution modifying the authorization granted to Grupo Financiero BBVA México, S.A. de C.V. to organize as a Subsidiary Holding Company under the Law for the Regulation of Financial Groups
The Ministry of Finance and Public Credit modifies the authorization for Grupo Financiero BBVA México, S.A. de C.V. to operate as a Subsidiary Holding Company, updating its corporate name and constituent entities. The resolution establishes that BBVA México, S.A., Casa de Bolsa BBVA México, S.A. de C.V., BBVA Seguros México, S.A. de C.V., BBVA Pensiones México, S.A. de C.V., BBVA Seguros Salud México, S.A. de C.V., and BBVA Asset Management México, S.A. de C.V. constitute the financial group. It mandates that Banco Bilbao Vizcaya Argentaria, S.A. holds at least 51% of the holding company's capital and that the holding company holds over 50% of each member entity's capital, while subjecting the group to the supervision of the National Banking and Securities Commission.
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