Mexico has laid the foundations for a new kind of multi-purpose financial corporation, known as a Sofome (sociedad financiera de objeto múltiple). This new form aims to give financial corporations greater flexibility in their operations and activities, so that they can invest and operate in sectors that were formerly closed to them under laws that limited their operations to a single sector, as in the case of limited purpose financial corporations (Sofoles), and leasing and factoring companies.
January 01 2007
