Guatemala Facilitates International Stock Purchases

A new regulation will allow Guatemalans to buy international securities directly.

Thursday, March 19, 2009

The Guatemalan Registry of Securities and Goods published regulations for the International Quotes System (SIC) which is part of the amendments to the Securities Act (Ley de Valores).

The Manager of the National Stock Exchange told the Prensa Libre that "the regulations will allow Guatemalans to buy shares in developed markets," and that for the International Quote System to start operating, “systems, contract, agreement and regulation infrastructures will have to be developed; and it will be operational in several weeks."

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The visible part is the red tape and high costs of participation. The hidden part is the conflict of interest of its owner, the same commercial banks that offer loans for greater profit.

A recent Costa Rican executive decree, which declared the stock market to be of public interest, raises the need to examine why its development has stagnated, as it is vital to economic growth in terms of a source of financial resource allocation for businesses.

Costa Rica: Banking and Government Compete for Money

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The increased demand for bank credit from consumers and businesses plus the financing needs of the government, is putting pressure on the capital market and interest rates.


The competition for liquidity can be seen in the activity of the National Stock Exchange, where the amounts being released on the exchange are increasing because of the concurrence of the state banks - Banco de Costa Rica, Nacional and Popular, and of private banks like Scotiabank, and by other entities such as Grupo Mutual y la Compañía de Fuerza y Luz.

Panama: $903 Million Securities Issued in 2009

January 2010

In 2009 the Panamanian securities market registered half the volume of issued securities of 2008.

Juan Martans, securities commissioner, considers that the year was 'very good', keeping in mind that they expected a very tough 2009, due to the international financial crisis.

Guatemalan Stock Market Approaches International Market

October 2014

Amendments to securities regulations are being prepared in order to allow local stock brokers to buying shares of listed companies in developed markets.

This change in regulations and operational infrastructure will give access to the purchase of shares of international companies listed on stock markets such as New York.

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