IMF Staff Country Reports

Portugal: Financial Sector Assessment Program: Detailed Assessment of Observance of IOSCO Objectives and Principles of Securities Regulation

January 30, 2007

Download PDF

Preview Citation

Format: Chicago

Portugal: Financial Sector Assessment Program: Detailed Assessment of Observance of IOSCO Objectives and Principles of Securities Regulation, (USA: International Monetary Fund, 2007) accessed November 23, 2024

Summary

This Detailed Assessment of the Observance of International Organization of Securities Commissions (IOSCO) Objectives and Principles of Securities Regulation for Portugal assesses the securities market. The 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, and the Mercado Especial de Dívida Pública (MEDIP), operated by MTS Portugal S.A. The authorities broadly concur with the assessment, and welcome the overall judgment that the Portuguese framework is highly compliant with IOSCO Principles.

Subject: Financial institutions, Financial statements, Internal controls, Legal support in revenue administration, Nonbank financial institutions, Public financial management (PFM), Revenue administration, Securities

Keywords: 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

Publication Details

  • Pages:

    62

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2007/032

  • Stock No:

    1PRTEA2007002

  • ISBN:

    9781451832242

  • ISSN:

    1934-7685