The Superintendence of Banks and Other Financial Entities (SIBOIF in Spanish) issued 3 resolutions on the update of the minimum share capital for companies that manage investment funds, securitization funds, and stock brokerages. These resolutions were published in La Gaceta Official Newspaper on March 21 and 22, 2023.
Below are the new share capitals:
| Type of company | Share capital C$ | Equivalent USD amount |
| Administrators of financial investment funds |
C$ 3,235,500.00 | USD 88,983.43 |
| Stock Brokerages | C$ 4,044,500.00 | USD 111,232.73 |
| Administrators of securitization funds |
C$ 3,235,500.00 | USD 88,983.43 |
| Investment fund manager investing in non-financial assets |
C$ 5,535,500.00 | USD 152,238.54 |
Companies with a share capital that is lower than the minimum amounts must update such share capital.
At EY Law, our highly trained attorneys provide legal advisory on regulatory, financial, and banking law matters.
For further information on this, please contact:
Carlos Ayón: [email protected]
Victor Valle: [email protected]
Karina Serrano: [email protected]
Valeria Méndez: [email protected]
José Víctor Robles: [email protected]
