However, “we do not even remotely believe that it is a solution, that this reform will arrive and we will have the largest stock market in the world, but we do believe that it is a good step to remove barriers to financing through the market de valores”, said the executive during his participation in the 12 Issuers Forum of the Mexican Stock Exchange (BMV).
The lack of new companies in the stock market has many factors, the reform of the law seeks to make the process more agile, so that more companies are encouraged to register in the stock market.
To do this, and roughly, the reform consists of improving the supply and demand of the market. On the supply side (reform to the stock market), the objective is to shorten the times of the listing process, reduce costs for issuers and simplify the requirements. On the demand side, (the reform of investment funds) the creation of hedge funds, a player that does not exist in Mexico.
If all goes well, the first broadcasts could be seen in the first half of 2024, but it will depend on the speed with which it is approved in the Chamber of Deputies, on the secondary provisions, in which issues such as what size of companies apply the simplified regime, and the adjustments in the internal regulations of the Stock Exchanges.