Mexico still has significant potential to access financing through the stock market, according to Omar Mejía Castelazo, deputy governor of the Bank of Mexico (BdeM). Speaking at the 2024 Issuers Forum organized by the Mexican Stock Exchange (BMV), Castelazo highlighted that compared to other economies, Mexico has a long road ahead.
The proposed changes to the Securities Market Law (LMV), which include a simplified issuance mechanism, aim to facilitate companies’ access to stock financing and provide the market with more tools and flexibility to attract more participants. The reform is eagerly awaited by the stock market sector, which is looking forward to the publication of secondary regulations to begin implementing projects waiting to access the stock market with this new flexibility.
The National Banking and Securities Commission (CNBV) is currently waiting for proposals from the National Commission of the Retirement Savings System (Consar), with the aim of reaching a consensus and publishing the changes by July. The secondary regulations will address issues such as defining the size of companies eligible for simplified issuances, accessing stock market financing through simplified issuances, and reducing time, cost, and procedures for listing securities.
Jesús de la Fuente Rodríguez, president of the CNBV, revealed that the preparation of the secondary regulations is progressing within the established timeframe and aims to achieve consensus with all sectors involved in the market. The complexity of preparing the secondary regulations for
