The Portuguese Securities Market Commission

1.Institutional

The Portuguese Securities Market Commission (CMVM) is an independent public institution with administrative and financial autonomy.CMVM is operated out of a regulatory fee for the service and does not use the general state budget.

2.Institutional history

The Portuguese CMVM was established in April 1991.

3.Institutional functions

The task of the Portuguese CMVM is to regulate the market for securities and other financial instruments (traditionally referred to as the "stock market") and all individuals operating within the said market.

4.Organization goals

Investor protection;The efficient and normal functioning of markets;Information control;Risk prevention;Prevention and suppression of illegal acts.

5.Agency service

Investor assistance;Dispute mediation;Indemnity under the Investor Compensation Scheme.

Organization Framework

The CMVM is administered by an Executive Board consisting of a President, Vice-President and three members appointed by the Council of Ministers on the recommendation of the Minister of Finance for a five-year term.

The oversight board and advisory board are also CMVM bodies.

The Board of Supervisors is appointed by the Secretary of the Treasury and consists of three members, one of whom is a fully accredited accountant.Oversee financial management of CMVM.

The Advisory Committee is a consultative and advisory body of the Executive Board.It is responsible for considering the issues raised and making recommendations.The Advisory Board consists of representatives of entities that are overseen by the CMVM.

Internally, CMVM consists of departmental, office, and departmental services.The general responsibilities of the different units are listed in the CMVM's internal rules and procedures.

Generally speaking, CMVM-regulated broker profile will be found at the Information disclosure system page on CMVM website. Try to find it and check if it will match the info from the broker website.

The detailed steps are as below:

1. Go to https://www.cmvm.pt/en/  and select the Information Disclosure System to see different types of companies.

2. You can enter the company name to find, or directly view the list.

Portugal CMVM receives complaints from investors regarding entities and activities under its supervision, which are handled by the Department of Investor Relations (DRI).

Investors should first submit a written complaint to the relevant financial institution. If they do not receive or are not satisfied with the result after 15 working days, they can complain to thePortugal CMVM.

Complaint Form:

http://web3.cmvm.pt/english/SAI/createcomplaint.cfm

http://web3.cmvm.pt/english/SAI/createformalcomplaint.cfm

Check the complaint progress:

http://web3.cmvm.pt/english/SAI/complaintstatus.cfm

Anonymous reporting of suspicious companies:

http://web3.cmvm.pt/sai/sai_op_suspeitas.cfm