New Regulations Could Open Mexico Market

New regulations adopted and published by the Mexican government early last week will change how mutual funds are distributed in the country and should make the industry more transparent and competitive than it is now, according to industry executives in that country.

The new regulations are designed to improve corporate governance, create greater flexibility in existing rules and open the distribution of mutual funds, according to Sergio Duque, a spokesperson with the National Banking and Securities Commission (CNBV), the regulatory body that oversees Mexico's banking and asset management industries.