Regulatory Alerts2016-10-19 | DOF 5457307Added
Resolution modifying the General Provisions applicable to securities issuers and other participants in the securities market
The National Banking and Securities Commission replaces Annex L of the General Provisions to establish specific instructions for preparing placement prospectuses for securities issued by federal entities and municipalities. The updated annex mandates detailed disclosures regarding the rationale for using the stock market over bank financing, estimated offering expenses broken down by category, and comparative cost analyses of similar issuances from the previous 36 months. It further requires comprehensive information on the issuer's economic development, applicable legislation, human resources, financial status, public debt, administrative structure, and responsible persons. These requirements apply to all prospectuses for securities registration issued by these public entities.
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