Regulatory Alerts2018-10-18 | DOF 5541447Added
Resolution modifying the authorization granted to Grupo Financiero Ve por Más, S.A. de C.V. to organize as a Holding Company under the Law for the Regulation of Financial Groups
The Ministry of Finance and Public Credit modifies the authorization for Grupo Financiero Ve por Más, S.A. de C.V. to organize as a Holding Company and defines the constitution and functioning of its financial group. The resolution authorizes the entity to hold more than 50% of the capital of its integrated financial entities, which include Banco Ve por Más, Arrendadora Ve por Más, Operadora de Fondos de Inversión Ve por Más, Casa de Bolsa Ve por Más, and Seguros Ve por Más. The Holding Company is subject to inspection by the National Banking and Securities Commission, and the authorization is intransmissible.
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