Regulatory Alerts2016-09-28 | DOF 5454134Added
Resolution modifying the General Provisions applicable to general warehouse stores, exchange houses, credit unions, and regulated multiple-object financial companies
The National Banking and Securities Commission amends Articles 72 Bis 5, 74 Bis, and 134, and replaces Annexes 24 and 26 of the General Provisions to clarify indirect participation rules for credit unions and regulated multiple-object financial companies. The resolution exempts shareholders of a regulated financial company from submitting information to the Commission if they acquire shares indirectly through the acquisition of a controlling financial group's shares, provided the information was previously submitted to the Ministry of Finance and Public Credit. It also mandates that the Commission may require information from all shareholders of legal entities involved in indirect participation schemes up to the ultimate beneficiaries, and updates the required information formats for these entities.
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