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

International Monetary Fund

No 2007/032, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; CMVM information disclosure system; CMVM income statement; CMVM board of directors; CMVM monitor; CMVM regulation; insider trading; market operator; CMVM authorization; CMVM provisions; single market; CMVM statute; financial condition; CMVM budget; Nonbank financial institutions; Securities; Internal controls; Legal support in revenue administration; Financial statements; Africa (search for similar items in EconPapers)
Pages: 62
Date: 2007-01-30
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