A Study of Mexico's Capital Markets and Securities Regulation

This Article will analyze Mexico's capital markets and regulations, primarily from an empirical point of view. The discussion will begin with an overview of the Mexican financial and legal systems to provide a context for the analysis of the market and the law. The essay will then discuss the Mexican securities market, including history, participants and characteristics. Finally, Mexico's Ley del Mercado de Valores ("Securities Market Law") will be analyzed." The objective of the study is to increase understanding of the Mexican market by Mexicans and foreigners alike.

The study should be useful to policymakers in Mexico and other developing countries who are attempting to promote development of their countries' market. A more thorough understanding of the market by foreign corporations and financial institutions might facilitate international financial transactions and contribute to international investment. Increased familiarity with the Securities Market Law by international lawyers could improve compliance with Mexican laws by foreign issuers, intermediaries and investors. Finally, the references to United States laws should benefit Mexican executives and attorneys involved in transactions subject to United States laws.