Regulatory Alerts2025-01-21
Added · Updated
Comunicado No. 2 General Provisions Applicable to Simplified Issuers and Securities Subject to Simplified Registration
The CNBV publishes the General Provisions Applicable to Simplified Issuers and Securities Subject to Simplified Registration (CUES), establishing a simplified registration modality for securities in the National Registry of Securities (RNV). This regime limits offerings to institutional and qualified investors and sets maximum issuance and accumulated amounts per fiscal year, with specific thresholds for Level I (up to 75 million UDIS per issuance) and Level II (up to 1.25 billion UDIS) issuers of debt or asset-backed securities. Issuers must meet minimum two-year operational history and audited financial statement requirements, while placing intermediaries are responsible for verifying compliance, retaining records for five years, and informing investors of risks. The CNBV commits to registering these securities within two business days, while stock exchanges adjust internal regulations to incorporate their new oversight roles and listing requirements.
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