The Chambers of Deputies approved a bill reforming several provisions of the Securities Market Law and the Investment Funds Law
These reforms were previously approved by the Senate (Cámara de Senadores) on April 28, 2023. The reforms will entry into force upon their promulgation by the Mexican President in accordance with the terms of the decree to be publicized in the Mexican Official Federal Gazette.
The amendments include, among other aspects:
- Simplified regime for the registration of securities and adjustments to disclosure principles applicable to information and reports from simplified issuers.
- Modifications to corporate elements of public stock companies (S.A.B.S. and S.A.P.I.B.s) and in the provisions applicable to takeover protections.
- The possibility of incorporating “hedge funds” in Mexico.