Portuguese Securities Market Commission
Encyclopedia
The Portuguese Securities Market Commission , also known by its initials CMVM, was established in April 1991 with the task of supervising and regulating securities and other financial instruments
markets (traditionally known as stock markets), as well as the activity of all those who operate within said markets. The CMVM regulates the functioning of the securities markets, public offerings, actions of all the market operators and, in general, all matters pertaining to this area of activity.
The CMVM is an independent public institution
, with administrative and financial autonomy. The CMVM derives its income from supervision fees charged for services and not the General State Budget.
Financial instruments
A financial instrument is a tradable asset of any kind, either cash; evidence of an ownership interest in an entity; or a contractual right to receive, or deliver, cash or another financial instrument....
markets (traditionally known as stock markets), as well as the activity of all those who operate within said markets. The CMVM regulates the functioning of the securities markets, public offerings, actions of all the market operators and, in general, all matters pertaining to this area of activity.
The CMVM is an independent public institution
Public sector
The public sector, sometimes referred to as the state sector, is a part of the state that deals with either the production, delivery and allocation of goods and services by and for the government or its citizens, whether national, regional or local/municipal.Examples of public sector activity range...
, with administrative and financial autonomy. The CMVM derives its income from supervision fees charged for services and not the General State Budget.