After many months of intense debate among Mexican securities market and pension fund regulators, and local and international private equity and infrastructure funds, on July 22 2009 the Mexican National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores, CNBV) amended its general rules for issuers of securities in order to regulate the issuance of structured securities by Mexican investment funds, which can be purchased by Mexican retirement funds (Sociedades de Inversion de Fondos para el Retiro or Siefores) managed by Mexican managers of retirement funds (Administradoras de Fondos Para el Retiro or Afores) and other investors.
September 30 2009