1E9Ct5D

1.5.1. Neutral investment represented by instruments issued by trust institutionsThe SE has the power to authorize trust institutions to issue neutral investment instruments,which will only grant, with respect to companies, pecuniary rights to their holdersand, if applicable, limited corporate rights, without granting to their holders the rightto vote in their general ordinary meetings.Furthermore, the SE can authorize the creation or modification of all types of neutralinvestment trusts, as well as the transfer of stock thereto, regardless of the activity thatthe company conveying its shares in trust engages in.1.5.2. Neutral investment represented by special series of sharesThe investment in non-voting stock or stock with limited corporate rights is consideredneutral, provided advance authorization is obtained from the SE and, when applicable,from the National Banking and Securities Commission.Companies already incorporated or to be incorporated, regardless of the activity theyengage in, must obtain the advance authorization of the SE to issue special series of stockas neutral investment.1.5.3. Neutral investment made by international development financing institutionsInternational development financing institutions are considered to be those foreignentities whose principal purpose is to promote economic and social development ofdeveloping countries by the contribution of temporary venture capital, granting of preferentialfinancing, or technical assistance of different types.These institutions can invest through neutral investment in the capital stock of Mexicancompanies, provided they are recognized in advance by the CNIE.Furthermore, these institutions can invest in the capital of Mexican companies thatengage in reserved or specially regulated activities, provided they obtain a favorabledecision of the CNIE.47Foreign Investment Regulation