CNBV Approves Stock Market Reform in Mexico

MEXICO CITY (Reuters) – The board of Mexican bank regulator CNBV approved the terms of a stock market reform passed last year, as announced by Deputy Finance Minister Gabriel Yorio.

The reform aims to revamp the nation’s stock exchanges and increase trading volume after several delistings in recent years. It will enable small- and medium-sized businesses to access up to 70 billion pesos ($3.51 billion) in financing each year, according to Yorio’s post on X.

This new regulatory framework will proceed to the National Regulatory Improvement Commission in Mexico. The reform seeks to loosen regulations for companies looking to go public, expedite the process, and minimize associated costs.

Mexico’s main stock exchange, Bolsa Mexicana de Valores, has seen a decline in business with previous major players like Aeromexico, Grupo Lala, and Grupo Sanborns choosing to go private.

Aeromexico is expected to list in New York later this year. Meanwhile, the smaller Bolsa Institutional de Valores has struggled since its launch in 2018.

($1 = 19.9644 Mexican pesos)