1. Promote simpler, more focused and more proportional regulation and supervision.
This will be achieved, for example, by eliminating overlaps and introducing greater clarity in regulatory requirements provided for in the Securities Code and in the General Framework for Collective Investment Undertakings; reducing CMVM's response time in entity registration; focussing supervision on higher risk areas, i.e. the marketing of financial instruments to retail investors and simplifying reporting duties by the supervised entities.
2. Strengthen supervision of the governance of supervised entities. This priority includes, inter alia, the implementation of the CMVM's new duties in matters of prudential supervision; focus on suitability assessment, particularly good repute of managers and holders of essential duties in entities subject to the CMVM's supervision; and the supervision of governance, risk management and internal control models and the financial situation of entities that may have an impact on the financial system's stability.
3. Reinforce measures to deter malpractice and in the sanctioning activity.
The planned activities include reinforcing the detection of unauthorised financial intermediation; conducting on-site supervision to detect suspected market abuse operations; increase supervision in correcting irregular situations; supervisory actions in the follow-up of complaints unanswered by the complainant; improving alternative conflict resolution instruments.
4. Contribute to reinforcing sustainable practices and monitor financial innovation. This priority will be achieved by designing and implementing a supervisory model of non-financial information disclosed by issuers, including reporting information on environmental, social and corporate governance factors; identifying specific supervisory needs that focus on possible greenwashing practices; implementing the new CMVM funding model following the sustainability principles of the regulator and of the market, proportionality and justice.
5. Improve the organisation and the public service provided to investors and the market.
By launching the groundworks for a new CMVM website and implementing an electronic one-stop shop for supervised entities; implementing systems and procedures for receiving electronic invoicing from suppliers, a measure that is part of the CMVM's effort for sustainability and reducing red tape; active and significant contribution for the relaunch of the Capital Markets Union and the transition to the new design of European supervision.