CMVM

CMVM Portugal, or the Portuguese Securities Market Commission, is the regulatory body responsible for overseeing and supervising the financial sector in Portugal. It is an independent government agency that was established in 1991.

CMVM History

The Portuguese Securities Market Commission was established in 1991 as part of a broader effort to modernize and regulate the securities market in Portugal. The agency was created to provide a more effective and efficient approach to financial regulation, with a greater emphasis on investor protection and market integrity.

CMVM Scope

CMVM Portugal has a broad scope of responsibility, with the main objective being the protection of investors and the integrity of the financial markets in Portugal. The agency is responsible for regulating and supervising a range of financial activities, including securities offerings, trading, and reporting.

CMVM Supervision

One of the key functions of CMVM Portugal is to ensure the safety and stability of the financial sector in Portugal. To achieve this, the agency has the power to supervise and regulate all financial institutions operating in the country. CMVM Portugal monitors the financial health of these institutions, assesses their risk management practices, and ensures that they comply with relevant regulations and laws.

CMVM Capital Guarantee

CMVM Portugal does not offer a capital guarantee scheme for investors in the financial sector. However, it does require financial institutions to maintain adequate capital buffers and to comply with strict risk management rules. This helps to protect investors from potential losses, and to ensure that the financial sector operates in a safe and stable manner.

Organization Type

CMVM Portugal is an independent government agency, and as such, it is funded by the Portuguese government. The agency is governed by a Board of Directors, which is composed of representatives from the financial industry, the academic community, and other public institutions. The Board is responsible for setting the policies and procedures of the agency, and for overseeing its operations.