Simplified Stock Corporations as Participants in the Securities Market

Financial Services attorney Simon Escobar authored an article in Lexir discussing the significant potential of simplified stock corporations (SAS) issuing securities to enhance financial inclusion and market capital development in Colombia. He highlights a legal amendment that now allows SAS entities to enter the securities market, providing financing alternatives for small and medium-sized enterprises (SMEs) and boosting economic growth. Furthermore, Mr. Escobar emphasizes the need for regulatory adjustments to ensure SAS can effectively integrate into the securities market, including the establishment of a differentiated market segment, fee adjustments, relaxed corporate governance and disclosure requirements, all while upholding transparency and investor protection standards. 

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