In Mexico, securitisation transactions are mainly governed by the Mexican Securities Market Law (Securities Law) and its regulations, as well as by the General Law of Negotiable Instruments and Credit Transactions (LGTOC). The Securities Law provides for the regulatory framework applicable to trust certiqcates, a qnancial instrument that allows for the securitisation of assets in the Mexican market. On the other hand, the LGTOC provides for the regulatory regime applicable to the Mexican trust, the main special purpose vehicle used in securitisations and participation certiqcates, and a security issued exclusively by trusts.
