Mexico's National Banking and Securities Commission (CNBV) published in the Official Journal of the Federation the General Provisions Applicable to Simplified Issuers and Securities Subject to Simplified Registration. The measure implements the 28 December 2023 reform to the Securities Market Law that created a new “simplified” modality for securities registration, intended to enable smaller companies to access the securities market through a faster, simpler and lower-cost process. The provisions were developed through 2024 working groups involving the Ministry of Finance and Public Credit, Banco de México, the National Retirement Savings System Commission (CONSAR) and industry representatives from the Mexican Association of Securities Institutions (AMIB). CNBV’s governing board had approved the draft on 5 September 2024 under Article 90 bis of the Securities Market Law for consultation with market participants including stock exchanges, intermediaries, other authorities, investors and other interested parties. Next, stock exchanges are expected to amend their internal rules and broker-dealers their internal manuals to reflect the functions, responsibilities and powers assigned under the circular. CNBV will also review related secondary rules, including those applicable to broker-dealers, stock exchanges and external auditors, to further strengthen the simplified regime for registering securities in the National Securities Registry.
Mexico Comision Nacional Bancaria y de Valores (CNBV) 2025-01-21
Mexico's National Banking and Securities Commission publishes rules for simplified issuers and simplified securities registration
Mexico's National Banking and Securities Commission (CNBV) has published new General Provisions for Simplified Issuers and Securities, following the 2023 Securities Market Law reform. This initiative aims to facilitate smaller companies' access to the securities market through a streamlined registration process. Stock exchanges and broker-dealers must update their internal rules, while CNBV will review related secondary rules to enhance the simplified regime.