About Monex S.A.B.

COMPLIANCE

We take very seriously our obligations towards regulatory authorities and our clients due to the large amounts of financial assets of third parties that we manage at all times.

Our subsidiaries, as financial entities, are strictly regulated and are subject to periodic reviews by the Ministry of Finance and Public Credit (SHCP), the Bank of Mexico, and under the monitoring and supervision of the National Banking and Securities Commission (CNBV) in Mexico. Likewise, we are subject to the supervision of the various financial authorities of those countries in which our foreign subsidiaries are based. Our subsidiaries are also required to deliver periodic financial reports (monthly, quarterly, and annually), which are delivered in a timely manner to the financial authorities.

Monex is authorized to operate in Mexico as a Bank, Brokerage House, Fund Company, and Financial Group; in the U.S. and Canada as a Broker-Dealer, Investment Advisor, and Money Transmitter licensed to operate in all states; and in the U.K. as a Payment Institution. We are authorized in Spain to operate as a Payment Company.

Banco Monex is subject to the Credit Institutions Law, the General Provisions Applicable to Credit Institutions, and regulations issued by the Bank of Mexico and the CNBV.

Monex Casa de Bolsa is regulated by the Stock Market Law, the General Provisions Applicable to Brokerage Houses, and the rules issued by the CNBV, as well as the regulations issued by the Bank of Mexico in the exercise of certain faculties, such as those related to operations with currencies and self-regulation rules issued by the Mexican Stock-Market Institutions Association (AMIB).

Monex Operadora de Fondos and our investment funds are subject to regulation by the Investment Funds Law, General Provisions Applicable to Investment Funds and to the Persons Providing Services for Them, and the regulations issued by the CNBV, as well as to the self-regulation rules issued by the AMIB.

As a Financial Group, we must comply with the Law Regulating Financial Groups, the rules issued by the SHCP, and the regulations issued by the CNBV.

Monex Securities and Monex Asset Management are subject to various federal and state laws which regulate the financial intermediaries in the United States, as well as to the rules established by the Financial Industry Regulatory Authority, registered before the Securities and Exchange Commission of the United States. Likewise, Monex Asset Management is regulated by the Texas State Securities Board.

Tempus is registered as a Money Services Business before the Financial Crimes Enforcement Network, which is accountable to the United States Department of the Treasury. Therefore, Tempus is obliged to comply with the Bank Secrecy Act, contained in the Code of Federal Regulations. This Code requires every company to develop, implement and maintain a system based on the risk, through an Anti-Money Laundering Program. Tempus adequately complies with that requirement.

Monex Europe is supervised by the Financial Conduct Authority, which regulates the financial services industry in the U.K. according to the Payment Services Regulations 2017. The offices in Madrid and Amsterdam are licensed and authorized by the authorities of the countries where they operate.

Monex Canada is authorized by the Office of the Superintendent of Financial Institutions, which is accountable to the Department of Finance of Canada. Also, Monex Canada is registered before the Financial Transactions and Reports Analysis Centre of Canada, which is an agency of the Canadian government responsible for supervising Anti-Money Laundering efforts, among other matters.

MonFX Pte is established in the Republic of Singapore and is regulated by the Monetary Authority of Singapore.

Monex Europe, S.A. is incorporated in the Grand Duchy of Luxembourg. At the end of 2020, it received the approval of the Commission de Surveillance du Secteur Financier of that country to obtain the license to operate as an authorized payment institution.