Mexico’s Stock Market Potential Still High, Despite Challenges: Omar Mejía Castelazo.

Mexico still has ample potential to access financing through the stock market, according to Omar Mejía Castelazo, deputy governor of the Bank of Mexico (BdeM). During his participation in the 2024 Issuers Forum organized by the Mexican Stock Exchange (BMV), the deputy governor highlighted that Mexico has a long way to go compared to other economies.

The changes proposed by the Securities Market Law (LMV) aim to enable companies to access stock financing and provide the market with greater tools and flexibility, as well as generate incentives to attract more participants, as described by the monetary authority. Participants in the stock market sector are eagerly awaiting the publication of the secondary regulation to begin giving viability to projects waiting or in the pipeline to access the stock market with the new flexibility.

The preparation of the secondary regulation addresses issues such as defining the size of companies eligible for simplified issuance of shares or debt and accessing stock market financing through simplified issuances of debt and capital securities to reduce time, cost, and procedures for listing these securities. Jesús de la Fuente Rodríguez, president of National Commission of Retirement Savings System (Consar), emphasized that reaching a consensus with all sectors involved in order for provisions to be met is crucial. The dialogue with all sectors involved delayed