Guatemalan Stock Market Approaches International Market

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

Thursday, October 9, 2014

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.

Elperiodico.com.gt reports that "... The project could be ready next year, according to estimates from the National Stock Exchange (BVNSA), because there are operational, tax, and contractual matters as well as connections other markets and sponsorship of emissions which make its implementation complex. "

Julio Suarez, president of the Bank of Guatemala said "... We need to strengthen the mechanism for trading on the secondary market, for that changes to the Securities Market Act have to be approved and then we will work on the necessary infrastructure for the BNVSA and market participants, he added."

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