Portugal: Financial Sector Assessment Program: Detailed Assessment of Observance of IOSCO Objectives and Principles of Securities Regulation
IMF Staff Country Reports, January 30, 2007
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- Portugal: Financial Sector Assessment Program: Detailed Assessment of Observance of IOSCO Objectives and Principles of Securities Regulation
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Bibliographic details
- Published: January 30, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451832242.002
Summary
- Publication date: January 30, 2007
- This Detailed Assessment evaluates the observance of International Organization of Securities Commissions (IOSCO) Objectives and Principles of Securities Regulation for Portugal.
- The authorities broadly concur with the assessment and welcome the overall judgment that the Portuguese framework is highly compliant with IOSCO Principles.
Market structure and participants
- Legal and regulatory framework authorizes banks to provide investment services under a universal banking model.
- Two main cash markets operate in Portugal:
- Eurolist, operated by Euronext Lisbon.
- Mercado Especial de Dívida Pública (MEDIP), operated by MTS Portugal S.A.
Scope and thematic coverage
- Subject areas listed: Financial institutions, Financial statements, Internal controls, Legal support in revenue administration, Nonbank financial institutions, Public financial management (PFM), Revenue administration, Securities.
- Keywords included: Africa, CMVM authorization, CMVM board of directors, CMVM budget, CMVM income statement, CMVM information disclosure system, CMVM monitor, CMVM provisions, CMVM regulation, CMVM statute, CR, financial condition, Financial statements, insider trading, Internal controls, ISCR, Legal support in revenue administration, market operator, Nonbank financial institutions, Securities, single market.
Content in this bundle
- Cr0732