Regulatory Alerts2016-09-28 | DOF 5454136Added
Resolution modifying the General Provisions applicable to securities broker-dealers
The National Banking and Securities Commission amends Articles 1 Bis and 11 of the General Provisions applicable to securities broker-dealers to streamline information requirements for indirect shareholding. Specifically, persons acquiring indirect participation in a broker-dealer's capital through the acquisition of controlling shares in a financial group are exempt from submitting information to the Commission, provided such information was previously submitted to the Ministry of Finance and Public Credit. The Commission retains the authority to evaluate the suitability of all indirect participants down to the ultimate beneficiaries and to verify the accuracy of the information provided.
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