Regulatory Alerts2019-11-25 | DOF 5579710Added
Resolution modifying the general provisions applicable to securities issuers and other participants in the securities market
The resolution amends Article 15 Bis 1, fraction I of the General Provisions applicable to securities issuers and other market participants to update the required prior approvals for delisting securities from one stock exchange to list them on another. Specifically, it clarifies that approval must be obtained from the general director or equivalent, the technical committee of the trust (or the settlor/administrator if no committee exists), or the authorized federal, state, or municipal public servant, depending on the issuer's corporate structure and applicable regulations. This modification aims to provide regulatory flexibility and legal certainty for issuers managing their listing status across different exchanges.
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