The reform to the Securities Market Law (LMV) would be presented to the plenary session of the Senate of the Republic this Thursday and it is expected to be approved unanimously, said the senator and president of the Treasury and Public Credit commission, Ernesto Pérez Astorga (Brunette).
The joint commissions of Finance and Public Credit, and of Second Legislative Studies of the Senate convened an extraordinary session this Wednesday, April 26 at 2 in the afternoon for the analysis, discussion and eventual approval of the opinion to reform the LMV.
The new possible approval date was given after he had revealed earlier that the opinion could be presented and approved by the Plenary this Wednesday, however, the commission session scheduled for this Tuesday no longer took place.
The legislator affirmed that there should be no problems for the reform to be approved in the Senate, since it is a consensual initiative between the stock market union, intermediaries and financial authorities.
Although he said he was confident that the changes to the LMV would be approved before the end of the current regular session (April 30), he admitted that “probably there will not be time” for the Chamber of Deputies to also pass.
If the changes are approved in the Chamber of Senators, there will not be time for it to pass to the Chamber of Deputies, so it would be reviewed until next September.
