MEXICO CITY (Reuters) – The board of Mexican financial institution regulator CNBV on Thursday authorized the phrases of a inventory market reform handed final 12 months, Deputy Finance Minister Gabriel Yorio, who spearheaded the reform, stated.
The overhaul, which goals to revamp the nation’s inventory exchanges and increase buying and selling after a spate of delistings in recent times, will enable small-and-medium-size companies to entry as much as 70 billion pesos ($3.51 billion) in financing a 12 months, Yorio stated in a submit on X.
The regulatory framework will now go on to Mexico’s Nationwide Regulatory Enchancment Fee, Yorio stated.
The reform is ready to loosen rules for firms to go public, pace up the method and scale back the prices concerned.
Mexico’s important inventory trade, the Bolsa Mexicana de Valores, has bled enterprise in recent times, with former giants reminiscent of airline Aeromexico, dairy producer Grupo Lala and retailer Grupo Sanborns taking their operations non-public.
Aeromexico is anticipated to checklist in New York later this 12 months.
In the meantime, the much-smaller Bolsa Institutional de Valores has struggled to select up steam after launching in 2018.
($1 = 19.9644 Mexican pesos)
