Glossary · Mexico
CNBV (Comisión Nacional Bancaria y de Valores)
Definition
Mexico's banking and securities regulator. It oversees public markets and fintech licensing, but — like most regulators in the region — does not directly regulate private share transfers.
Why it matters for a secondary
Because there's no regulated private-share venue in Mexico yet, secondary transfers run entirely on contract law: the S.A.P.I.'s bylaws, not the CNBV, set the rules of the transaction.
Frequently asked questions
Does this term apply the same way everywhere in Latin America?
No. Each country in this glossary has its own regulator, corporate forms, and tax rules — this term is specific to the country tagged above. Check the linked country page for the fuller picture.
Is this legal or tax advice?
No. This is orientation for investors and allocators, not legal or tax advice. Confirm current rules with a licensed adviser in the relevant country before acting on anything here.