Regulatory Alerts2018-08-06 | DOF 5533951Added
Resolution revoking the authorization granted to UBS Grupo Financiero, S.A. de C.V. to constitute itself as a subsidiary holding company and operate as a financial group
The Ministry of Finance and Public Credit revokes the authorization of UBS Grupo Financiero, S.A. de C.V. to operate as a financial group following the separation of UBS Bank México, S.A. from the group. The resolution mandates that UBS Casa de Bolsa, S.A. de C.V. cease to be part of the group and requires UBS Grupo Financiero to comply with legal procedures for the dissolution and liquidation of holding companies. The revocation takes effect simultaneously with the separation of UBS Bank México and must be published in the Official Journal of the Federation.
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