Regulatory Alerts2016-12-22 | DOF 5466662Added
General Provisions Applicable to International Quotation Systems
The National Banking and Securities Commission establishes the general provisions for listing foreign securities in International Quotation Systems (SIC) established by stock exchanges. The document defines direct and promoted recognition criteria for foreign securities, requiring issuers to meet specific regulatory, disclosure, and accounting standards, such as IFRS or US GAAP. It mandates that stock exchanges verify the prior public placement of securities abroad and maintain investor access to issuer information, while explicitly stating that the Commission does not supervise foreign issuers or certify the quality of the listed securities.
More like this from SHCP
SHCP published 14 documents in the last 30 days. We email you each new one the day it's published.