MEXICO CITY (Reuters) – The board of Mexican financial institution regulator CNBV on Thursday accepted the phrases of a inventory market reform handed final 12 months, Deputy Finance Minister Gabriel Yorio, who spearheaded the reform, mentioned.
The overhaul, which goals to revamp the nation’s inventory exchanges and enhance buying and selling after a spate of delistings lately, will enable small-and-medium-size companies to entry as much as 70 billion pesos ($3.51 billion) in financing a 12 months, Yorio mentioned in a publish on X.
The regulatory framework will now go on to Mexico’s Nationwide Regulatory Enchancment Fee, Yorio mentioned.
The reform is about to loosen laws for corporations to go public, pace up the method and scale back the prices concerned.
Mexico’s foremost inventory trade, the Bolsa Mexicana de Valores, has bled enterprise lately, with former giants equivalent to airline Aeromexico, dairy producer Grupo Lala and retailer Grupo Sanborns taking their operations non-public.
Aeromexico is predicted to listing 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)
