Alternative investment market: Assessment and proposals for its deepening from the perspective of small and medium enterprises

• Main Authors: ALBA MOLINA, Andrea Patricia, REMOLINA LEON, Nydia
• Format: text
• Language: Spanish
• Published: Institutional Knowledge at Singapore Management University 2010
• Subjects: Alternative Investment Market; SMEs; small and medium enterprises; securities market; securities regulation; capital markets; Business Organizations Law; Entrepreneurial and Small Business Operations; European Law
• Online Access: https://ink.library.smu.edu.sg/sol_research/4610; https://ink.library.smu.edu.sg/context/sol_research/article/6568/viewcontent/revistaanalisised1.pdf
• Institution: Singapore Management University

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.