The details on this page about Portuguese Securities Market Commission were compiled from the regulator’s own official documents, its website and other public sources, and are presented as neutral, factual guidance.
If you believe something here is inaccurate, or you spot a critical problem, please let us know via Contact us.
Regulator Performance Overview
500
84
35
176
4
1
Insurance coverage protecting client deposits and funds
Requirement for client funds to be held separately from company funds
High
Tier 2
Financial Intermediary Licence
€50000-100000
Detailed assessment of regulatory capabilities and effectiveness
Detailed breakdown of the 6 key regulatory performance indicators
Value and prestige of licenses issued by this regulator
Effectiveness of regulatory framework and enforcement
This regulator shows good performance with an overall score of 84.
Strongest performance in Client Fund Insurance Rating
Transparency Level: high
Global Tier: tier2
The Portuguese Securities Market Commission, commonly referred to as CMVM, plays a crucial role in ensuring that the securities market in Portugal is effective, efficient, fair, and transparent. Established in May 1991 in accordance with Decree-Law No. 142-A/91, CMVM is an independent public legal personality, enjoying full administrative and financial autonomy.
The Commission's mission is to supervise and regulate the market for financial instruments, as well as the agents operating in those markets, and to protect investors.
Protection against negative account balances in trading
Access to qualified investment professionals and advisory services
Government-regulated
USA - North Korea - Iran - other sanctioned countries
Portugal
Portugal - EU - global (with exceptions)
USA - North Korea - Iran - other sanctioned countries
Retail Agency (STP); Market Maker (Principal); Provide Liquidity (PoP)
Online portal available
CMVM Complaints Office
1:30
4 instruments
Contact regulator for details
International Organization of Securities Commissions
Member of the global body that brings together the world's securities regulators
Access to international regulatory standards, cooperation frameworks, and best practices
Financial Action Task Force
Member of the inter-governmental body that sets standards for combating money laundering
Commitment to international standards for anti-money laundering and counter-terrorism financing
Institutional strength and organizational capability
Risk assessment and management protocols
Investor protection measures and safeguards
Client fund protection and insurance coverage
Bond, Stocks, Fund, Derivatives
Brokers authorized and regulated by this authority
Australia
United Kingdom
Japan+10 more licenses
Cyprus
Mauritius
United States+5 more licenses
South AfricaUnited KingdomSouth Africa+5 more licenses
