The governing board of the National Banking and Securities Commission (CNBV) approved the secondary regulation of the Securities Market Law, rules that will allow small and medium-sized companies to have access to the stock market, announced this Thursday Gabriel Yorio, Undersecretary of Finance.
“Today, the CNBV board approved the secondary regulation of the Securities Market Law and this important reform was achieved thanks to the consensus of financial regulators, stock exchanges, the Mexican Association of Stockbrokers (AMIB) and all political forces in the country,” said the Undersecretary at the inauguration of the National Week of Financial Education (SNEF).
He said that with this initiative, it is expected that small and medium-sized Mexican companies will have access to financing for up to 70 billion pesos in the stock market and that this will facilitate new dynamics within the stock exchanges.
Through his X account, Yorio added that the regulation will be sent today to the National Commission for Regulatory Improvement (Conamer).
On April 28, the Securities Market Law was approved by Congress, the main objective of which is to allow small and medium-sized companies to be listed on one of the two stock exchanges that operate in Mexico, which are the Mexican Stock Exchange (BMV) and the Institutional Stock Exchange (Biva).
This is the penultimate step for this law to come into force before its publication in the Official Journal of the Federation.
For his part, the president of the CNBV, Jesús de la Fuente Rodríguez, published on social networks that the approval represents A great step for financial inclusion in Mexico as it will open the doors for the participation of small and medium-sized companies to new sources of financing
.
“This initiative represents a great opportunity to deepen and improve the stock market, opening up new financing possibilities for Mexican companies, especially small and medium-sized ones, which will be able to access fresh resources for their growth and consolidation at a competitive capital cost, contributing to greater financial inclusion and promoting competitiveness and innovation in the country (…) which includes guaranteeing an environment that encourages investments, based on legal certainty, stability, clarity and the rule of law,” said María Ariza, general director of the Institutional Stock Exchange (Biva).
For his part, Jorge Alegría, general director of the Mexican Stock Exchange (BMV), said that It’s good news
that secondary regulation has been approved, since the objective is to offer greater flexibility so that companies can be listed on the stock market.