Economy ruled out regulating the transfer of MAB compan

Dołączył: 05 Mar 2024

Market before the scandal Companies that were listed on the alternative market unsuccessfully asked the Government more than a year ago for measures that would allow them to move to the continuous . JB -BGC recommended investing in the company two days after the scandal broke scam. “It splashes everyone, no one is saved here” Gowex scam. The CNI called brokers: “What is Gotham?”, “Has Jenaro García played down the stock IPO. The Minister of , Luis de Guindos, announced this Wednesday that companies that were listed on the MAB and had a capitalization of between 500 and 1,000 million euros would be listed on the continuous market. However, a few months ago the Government refused to make a law that would facilitate the passage of companies listed on this alternative market to the Stock Exchange , where the control mechanisms are more demanding and their control is the responsibility of the CNMV.

Specifically, executives from Gowex itself asked in March that the Government give the green light to an elevator law , which would allow the transition to the continuous market, as already exists in the stock markets of France and England. Also different managers of the stock exchange companies publicly asked the executive to allow these companies Middle East Mobile Number List to move to the continuous market and vice versa, that those companies with capitalization of less than 100 million euros could move to the MAB. The government responded that it was studying this possibility and that, if so, it would include it in the entrepreneur law . At that time, the executive was preparing this rule, which was definitively approved in July 2013 without including any measure in favor of facilitating this transition from the MAB to the continuous market . We have asked for it many times and they have told us that they were studying it but they have never allowed it,” say sources from Bolsas y Mercados, the private company that manages the MAB and that is in question for being the only auditor of Gowex.

More than 500 million Now, after the Gowex scandal that has gone around the world, Minister Guindos announced this Wednesday in Barcelona a battery of measures to prevent a similar case from being repeated. Among the measures announced, it is included forcing those companies that exceed 500 million euros in market capitalization to move from the MAB to the continuous market. Guindos specifically referred to tightening the requirements for the auditors of these companies. “It cannot be that a company with a strong capitalization has an auditor that is difficult to recognize ,” said the minister in reference to M&A, Gowex's auditor. In addition, Guindos assured that the control powers of the CNMV over the MAB, a private market managed by the company Bolsas y Mercados, will be strengthened. Starting with this new law, the CNMV's controls on the MAB will be quarterly and with the maximum request for information.The criticism of these four barons is forceful. They privately accuse the Government of “fear of Catalonia” , and that for this reason they refuse to modify the financing system that was to be reviewed this year, as agreed in the previous model.

Wysłany: Wto Mar 05, 2024 10:00