Regulatory Alerts2019-08-09 | DOF 5567551Added
Resolution modifying the General Provisions applicable to securities issuers and other participants in the securities market
The resolution amends Articles 79, 80, 84, and 84 Bis of the General Provisions applicable to securities issuers and other market participants to clarify audit requirements for foreign issuers. It mandates that foreign issuers may use auditors from their country of origin but must verify independence against specific ethical codes, while Mexican issuers must adhere to CNBV-specified audit standards. The resolution also updates document delivery obligations for external auditors regarding financial statements and prospectuses, requiring submission to the stock exchange for public dissemination. These changes enter into force the day after publication in the Official Gazette.
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