BMV presents Sheinbaum with an agenda to extend provide and demand of securities

Riviera Maya, QR. Confronted with a sequence of previous initiatives and tasks, the Mexican Inventory Trade (BMV) is attempting once more, with new proposals, to extend the availability of securities, primarily shares, and demand, the place there are presently eight million accounts within the greater than 30 brokerage homes that function in Mexico.

Throughout his speech on the primary day of the Issuers Discussion board, in its thirteenth version, organized by the Mexican Inventory Trade (BMV), José Manuel Allende, deputy basic director of the inventory alternate entity, proposed a sequence of proposals to enhance the securities markets. capital, debt and derivatives.

“Some concepts are on the way in which, some others are being raised with the union and authorities, however they’re all gathered in a doc that now we have shared with the transition workforce of the president-elect, Claudia Sheinbaum Pardo. We hope that this might be a foundation to proceed discussing the structural modifications within the inventory markets,” Allende revealed.

Whereas ready for the secondary regulation of the reform of the Securities Market Legislation (BMV) to return out, the supervisor maintained that the creation of the simplified issuance regime will enable small and medium-sized firms to entry inventory financing in a a lot simpler manner. , low-cost and quick.

Along with the above, six chapters are proposed within the BMV proposal, the BMV director detailed, on the one hand the promotion of the provide of listed shares, extra listed firms. There are millions of firms in Mexico with out being listed.

Among the many proposals is the creation of a two-way market to supply it with higher liquidity, primarily based on worldwide practices.

Given the low liquidity and depth of the nationwide market, Mexican firms want different worldwide markets to hold out preliminary public choices (IPO’s) as a result of they higher mirror their fundamentals.

Likewise, the installment mortgage market might be promoted and never just for administrative shorts; help Afores to be inventory lenders; the assessment of the operational and financial scheme for securities lending and shorts.

In the meantime, a brand new Derivatives Market Legislation might be promoted; secondary regulation of hedge funds; provide of derivatives on bodily agricultural or vitality belongings. For the debt market, work is being achieved to include the federal government debt market into the central securities counterparty, the place higher transparency is inspired. In addition to permitting the intervention of a higher variety of members out there.

In his speech, the brand new basic director of the BMV, Jorge Alegría Formoso, said that “the central message is the issuers on the Inventory Trade, because it is a crucial concern for the markets. We had years of innovation, growth of recent merchandise, growth of functions to get nearer to the general public; however the central concern, concerned in a worldwide ecosystem, the place an important guidelines are the environment friendly use of capital, which is scarce and more and more tough to acquire, is to deliver inventory financing nearer to new firms.”