Regulatory Alerts2016-09-28 | DOF 5454132Added
Resolution modifying the General Provisions applicable to Savings and Popular Credit Entities, Integration Organizations, Community Financial Societies, and Rural Financial Integration Organizations under the Savings and Popular Credit Law
The resolution amends Article 2 Bis and introduces Article 2 Bis 1 to streamline administrative procedures for indirect participation in the capital of popular financial societies. It exempts persons acquiring shares indirectly through a controlling financial group from submitting duplicate information to the CNBV, provided they have already submitted the required data to the Ministry of Finance and Public Credit. The effective date is the day following publication in the Official Gazette.
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