Regulatory Alerts2016-12-27 | DOF 5467696Added
Resolution modifying the General Provisions applicable to Savings and Credit Institutions, Integration Organizations, Community Financial Societies, and Rural Financial Integration Organizations under the Savings and Credit Popular Law
The National Banking and Securities Commission replaces Annexes T and U of the General Provisions applicable to Savings and Credit Institutions, Integration Organizations, Community Financial Societies, and Rural Financial Integration Organizations. These annexes establish the information formats required for individuals intending to participate in the share capital of a Popular Financial Society or become secured creditors regarding paid-up share capital. Shareholders holding more than 10% or 20% of capital who intend to acquire additional shares exceeding 5% must submit this information to the Commission ten business days prior to the acquisition. The Resolution enters into force the day after its publication in the Official Gazette.
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