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Based on what was agreed by the Interinstitutional Committee, the CNBV issues ITF authorizations.
Regarding the process for granting ITF authorizations, and consistent with the multiple communications previously issued by this authority for this purpose, it is important to reiterate that, in accordance with the provisions of article 35 of the Law to Regulate Technology Institutions Finance, the Inter-institutional Committee is made up of public servants representing the Ministry of Finance and Public Credit (SHCP), the Bank of Mexico (BM) and the National Banking and Securities Commission (CNBV), who are appointed by the respective Headlines.
In this sense, the CNBV, based on what was agreed by the Interinstitutional Committee whose resolutions for the granting of ITF authorizations require, at least, the favorable vote of a representative of each authority, has granted the aforementioned authorizations; through this collegiate regulatory mechanism that prevents them from being defined by only one of the authorities, much less by one person.
In this context, this Interinstitutional Committee agrees on what is appropriate and the authorizations granted are published, as appropriate, in the Official Gazette of the Federation and on the CNBV website, joining the Register of Supervised Entities (PES), available at league http://bit.ly/PES_CNBV.
Due to the foregoing, it is reiterated that the public servants of the SHCP, the WB and this CNBV that participate in this process, act in accordance with the law, maximum diligence, ethics and professionalism in the exercise of their powers; and in accordance with the applicable legal framework; and that companies that meet all the respective requirements may be ITFs.