"Alternative investment market: Assessment and proposals for its deepen" by Andrea Patricia ALBA MOLINA and Nydia REMOLINA LEON
 

Alternative Title

Segundo mercado: Balance y propuestas para su profundización desde la perspectiva de las pequeñas y medianas empresas

Publication Type

Journal Article

Version

publishedVersion

Publication Date

12-2010

Abstract

Resolution 400 of 1995 – whose provisions are now included in decree 2555 of 2010 – regulated the Second Market through the establishment of certain requirements aimed at facilitating the access and permanence of SMEs as issuers in the Colombian securities market. Notwithstanding the above, in the latest list of offerings authorized by the Superintendence of Finance addressed to the Second Market, it was found that there are no issuers that fall within the legal concept of SME. Considering such circumstance, the purpose of this study is to assess the current status of the Second Market, both in Colombia and internationally, and make proposals oriented to allow the access of SMEs as issuers in the Colombian Securities Market, thereby contributing to its further deepening.

Keywords

Alternative Investment Market, SMEs, small and medium enterprises, securities market, securities regulation, capital markets

Discipline

Business Organizations Law | Entrepreneurial and Small Business Operations | European Law

Publication

Análisis: Revista del Mercado de Valores

Volume

1

First Page

321

Last Page

356

ISSN

2215-9150

Publisher

AMV

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