Bolsas y Mercados Argentinos (BYMA)

Exchange entity Bolsas y Mercados Argentinos S.A. (BYMA)
Conducts business in Argentina
Number of listed companies   99
Domestic market capitalization   63,882
Has signed the SSE Commitment Letter? Yes
Has prepared SSE Communication to Stakeholders? No
Requires ESG reporting as a listing rule? No
  • BYMA is analyzing the possibility of including ESG reports as a requirement in the new segment of Corporate Governance practices, where companies could list voluntarily if they comply with the requirements.
Offers written guidance on ESG reporting? No
Offers ESG related training? No
Provides sustainability-related indices? No
Has green bond listings? No
Additional Information
  • The Regulator requires listed companies to include in the Annual Report, a Corporate Governance Code with the explanation of the compliance degree of set principles. Also, they should report their environmental or sustainability policy, including the main indicators of the issuer's performance in the matter, or, if they do not have such policies or indicators, provide an explanation of why they consider that they are not relevant to their business. Companies, cooperatives, and associations that qualify as Small and Medium-sized companies are excluded.
Organizational model of stock exchange
  • Listed company for profit; demutualized in 2012 by means of Law 26831
Regulatory bodies
  • Comisión Nacional de Valores (CNV)
Regulatory model
  • BYMA is a private company registered under CNV as a Stock Exchange and a Clearing House. BYMA is also a listed company and its shares are listed in BYMA. BYMA is under CNV’s jurisdiction, and so, all activities are subject to CNV direct oversight. BYMA acts as a Central Counterparty (CCP) in guaranteed transactions. BYMA is responsible for monitoring and overseeing market participants acting as members registered in BYMA. BYMA also is responsible and in charge of listing procedures that private companies must fulfill after having CNV public offering authorization. BYMA provides CNV daily information of market operations and all other issues and documents required. BYMA collaborates with the regulator for the local capital market development.
About the stock exchange (Source: BYMA) Location: Buenos Aires, Argentina. BYMA is the main exchange in Argentina, thus it is the exchange that was born as a consequence of the spinoff of the exchange activities formerly conducted by Mercado de Valores de Buenos Aires S.A. (MERVAL). Major changes have been introduced to its core business, incorporating 99.96% of the capital stake of Caja de Valores S.A. (CVSA) the only Central Depositary in Argentina. BYMA is reviewing its internal process by incorporating Corporate Governance principles to its business and operations. Manuals and Protocols are being adapted in order to improve this practices to higher standards already in force under the main exchanges operating worldwide. Listed companies in BYMA are the same ones as the ones listed at MERVAL only that new companies have been incorporated as they have seen the opportunity of benefiting with the enhanced exchange that BYMA represents.