Post by account_disabled on Feb 21, 2024 21:53:13 GMT -8
Mexico City – The Stock Exchange intends to launch at least 30 simplified issuances of companies during 2024 under the rules of the Stock Market Law reform that seeks to reactivate financing and reactivate listings on the two Mexican stock exchanges. The Ministry of Finance of the Government, the Stock Exchanges and the stock exchange institutions are working at full speed to have the secondary regulation ready for the reform of the Securities Market Law before the end of the first quarter of 2024 in order to make the new rules for the listing of shares and debt on the Mexican Stock Exchange and Institutional Stock Exchange (BIVA).
Álvaro García Pimentel, executive president of the Mexican Association of Stock Market Institutions (AMIB) told Línea Bloomberg that this year they Switzerland Mobile Number List would like to see at least 30 to 40 simplified issues , which should not be a problem if the secondary regulations are ready in the first quarter. Once the pending provisions are issued, both the BMV and BIVA must modify their internal regulations to determine how this type of issuance of shares or bonds will be carried out, he noted. He recalled that the main objective of the reform of the Securities Market Law is that medium and small companies can place shares or bonds through the stock market.
With a faster and cheaper process than other stations, so that they can access this financing in a matter of weeks. CNBV expects the first simplified emissions in 2024 The National Banking and Securities Commission (CNBV) plans to issue secondary provisions in March 2024 to complement the reform of the Securities Market Law, in order to carry out the first simplified issuances on the Mexican stock exchanges.
In March we finished it (the secondary provisions) to be able to release in this period the first (simplified) issuance, on which the secretary and the undersecretary of the Treasury are working in an important way,” he said. Jesús de la Fuente, president of the CNBV on January 18. In an interview with the media after swearing in Emanuel González, new president of the Association of Multiple Purpose Financial Companies of Mexico (Asofom), De la Fuente said that they are currently agreeing on the projects prepared by the CNBV with the Treasury, Bank of Mexico, the AMIB and the National Commission of the Retirement Savings System (Consar).
Álvaro García Pimentel, executive president of the Mexican Association of Stock Market Institutions (AMIB) told Línea Bloomberg that this year they Switzerland Mobile Number List would like to see at least 30 to 40 simplified issues , which should not be a problem if the secondary regulations are ready in the first quarter. Once the pending provisions are issued, both the BMV and BIVA must modify their internal regulations to determine how this type of issuance of shares or bonds will be carried out, he noted. He recalled that the main objective of the reform of the Securities Market Law is that medium and small companies can place shares or bonds through the stock market.
With a faster and cheaper process than other stations, so that they can access this financing in a matter of weeks. CNBV expects the first simplified emissions in 2024 The National Banking and Securities Commission (CNBV) plans to issue secondary provisions in March 2024 to complement the reform of the Securities Market Law, in order to carry out the first simplified issuances on the Mexican stock exchanges.
In March we finished it (the secondary provisions) to be able to release in this period the first (simplified) issuance, on which the secretary and the undersecretary of the Treasury are working in an important way,” he said. Jesús de la Fuente, president of the CNBV on January 18. In an interview with the media after swearing in Emanuel González, new president of the Association of Multiple Purpose Financial Companies of Mexico (Asofom), De la Fuente said that they are currently agreeing on the projects prepared by the CNBV with the Treasury, Bank of Mexico, the AMIB and the National Commission of the Retirement Savings System (Consar).