Stock Markets are designed to facilitate transactions in securities and seek to develop the securities market by providing the necessary infrastructure to connect to buyers and sellers of securities traded in them.

In the case of Mexico, there is the Bolsa Mexicana de Valores, S.A.B. de C.V. (BMV).

Its main function is the securities custody and administration, as well as to facilitate the clearance and settlement of debt securities transactions.
In the case of Mexico, there is the S.D. Indeval institución para el depósito de valores, S.A. de C.V.

Mutual Funds are aimed at the buying and selling of assets using funds from the sale of shares representing its capital to individuals, as well as the contracting of services and the implementation of other activities under the Mutual Funds Act (LSI).

Assets are defined as securities, certificates and other documents to which it applies the rules of the Securities Market Act (LMV) registered with the National Securities Registry (RNV) or listed on the International Quotations System (SIC), other securities, cash, assets, rights and credits, as documented in contracts and instruments, including those relating to financial transactions known as derivatives, and other things subject to trade in compliance with the investment regime under the Mutual Fund Act (LSI) and the general provisions to that effect issued by the CNBV for each type of Mutual Fund.

• Debt and Stocks Mutual Funds
• Debt Mutual funds;
• Capital Mutual Funds, and
• Mutual Funds with limited purpose.

Debt and Stocks Mutual Funds invest in assets to the nature of which corresponds to stocks, bonds and other securities, certificates or documents representing a debt owed by a third party.

Debt Mutual funds invest exclusively with debt securities or in other debt mutual fund’s shares

Capital Mutual Funds invest predominantly with assets whose nature corresponds to stocks or shares, debentures and bonds issued by companies promoted by the mutual fund that require resources in the medium and long term.

Mutual Funds with limited purpose invest exclusively in assets defined in its statutes and prospectuses.

• Asset management.
• Distribution of mutual fund’s shares.
• Valuation of mutual fund’s shares.
• Rating of mutual funds.
• Pricing of Assets.
• Deposit and custody of assets and mutual fund’s shares.
• Accounting for mutual funds.
• Administration services for mutual funds, and
• Others that the CNBV authorize by general provisions.

 
Rating agencies

These are companies whose purpose is to present an assessment of the degree of risk relating to the payment ability of an issuer or debt issue in particular.

They are self-regulatory bodies of the securities industry who aim to implement standards of conduct and operation among its members to contribute to the healthy development of securities market (Article 228 of the Securities Market Law (LMV)).

The stock exchanges and central securities counterparts, according to LMV will have the self-regulatory bodies’ character. Additionally, there will be other associations with this self-regulatory character like those associations of securities market brokers or investment advisers that are recognized by the Commission, upon agreement by the Board of Governors.

The CNBV has recognized as self-regulatory body the Mexican Securities Industry Association. A. C. (AMIB), the umbrella organization for all brokerage firms operating in the country and represents them before regulatory authorities of the securities market.

The purpose of the AMIB is to promote growth, development and consolidation of stock exchanges, promote conditions conducive to their safe and effective performance in the national and international financial system, and induce its members to adopt self-regulatory measures.

On the other hand, the CNBV also recognized the Mexican Association of Independent Investment Advisors, AC (AMAII) as a self-regulatory body whose purpose is to bring together independent consultants and induce them to adopt a minimum standard of conduct to provide better service to investors they advise.

A Central Counterparty is in general, an entity that complements the services of clearing and settlement of buy-sell transactions in a financial assets market (equities, derivatives, bonds, etc), its main function is to become a debtor and creditor at the same time in transactions originally agreed upon on the Mexican Stock Exchange. In other words, becomes responsible for the buyer to obtain the securities purchased and for the seller to get the cash.

In the case of Mexico, Central Securities Counterparty serves only to capital markets, that is only in stock transactions.

The pricing providers are entities that are responsible for providing regular and professional service calculation, determination and procurement or supply of updated prices for the valuation of securities, derivatives markets recognized by the financial authorities or indexes, as well as delivery of information related to such activities. This service is provided to credit institutions, brokerage firms, mutual funds, as well as Pension Funds and insurers, among others.

These are entities that are responsible for disseminating quotes in order to channel requests or orders to carry out transactions with securities, derivatives and other financial assets through the use of automated equipment or communication.

It is the organized market of standardized futures and options, cleared and settled in a Clearing House (ASIGNA), which is regulated by the financial authorities.