They are economic entities that require funding for various projects. In addition to requiring funding, they comply with the listing and maintenance requirements established by the authorities to ensure the healthy market performance.
Among these issuing companies are:
- Business Industrial, Commercial and Services
- Financial Institutions
- Federal Government
- State Governments
- Institutions or government agencies
To maintain the registration of its securities in the National Registry of Securities (RNV), issuers have to comply to:
Periodic Information Delivery Stations
The issuers with securities registered in the RNV and listed on the Mexican Stock Market (BMV) shall provide to the CNBV, the BMV and the general public, financial, accounting, legal and administrative information, in the form, terms and schedule established in the various provisions, according to the type of instrument issued by the company.
Among other information, you must submit the following:
1. Annual Information
The third business day following the date of holding the general shareholders' meeting to resolve on the results of the fiscal year, this must occur within 4 months after the end of that year.
2. Quarterly Reports
Issuers should submit within the 20 working days following the end of each of the first quarters of the fiscal year and within 40 working days following the conclusion of the fourth quarter, financial statements and financial, accounting and administrative information. This report must be submitted in electronic format comparing at least quarterly figures concerned with the same period last year. These electronic formats should contain an updated annual report on the comments and analysis of management on the operating results and financial position of the station.
The information for the fourth quarter will be preliminary, with the understanding that once the company has the audited financial statements, this information will be sent with audited figures in the corresponding electronic formats. The release of information concerning the fourth quarter, does not remove the obligation to submit the financial statements.
3. Monthly Information
Within 15 days of the month immediately following they must present information applicable to the corresponding information in the case of trust certificates for loans acquired in mass, such as individual loans for housing or consumption, among others, and which by their homogeneous nature produce information related to their collections, delinquency and prepayment.
4. Annual Report
Depending on the type of issuing company, except for issuers that have obtained the registration of debt instruments with period equal to or less than one year, must submit no later than June 30 of each year the Annual Report for the fiscal year immediately preceding prepared in accordance with instructions accompanying the general provisions applicable to issuers of securities and other securities market participants.