Information disclosure system

Supervision information on investment firms

The CMVM publishes aggregated statistical information regarding the supervision of investment firms as per the provisions of Directive 2019/2034 on the prudential supervision of investment firms and transposed to national jurisdiction in the Regime of Investment Firms (RIF).

EU supervisory authorities annually publish until 30 June, prudential information reported by investment firms, with reference to 31 December of the previous year, and must update the remaining information whenever there is a change in the published information.

In accordance with the provisions of the Commission Implementing Regulation (EU) 2022/389, this information is published in a common format and updated regularly, allowing comparability between the information published by the Member States of the European Union.

The annual information follows the following structure:

Annex I: Rules and Guidance

    • Part 1:  Transposition of Directive (EU) 2019/2034
    • Part 2:  Model approval
    • Part 3:  Specific disclosure requirements applied to investment firms
    • Part 4:  Regulatory reporting

Annex II: Options and Discretions

    • Part 1: Options and discretions set out in Directive (EU) 2019/2034, Regulation (EU) 2019/2033
    • Part 2: Number of investment firms using transitional provisions set out in Directive (EU) 2019/2034 and Regulation (EU) 2019/2033
    • Part 3: Variable elements of remuneration
Annex III: Supervisory Review and Evaluation Process (SREP)
    • Supervisory review and evaluation process

Annex IV: Aggregate Statistical Data

    • Part 1: Individual data per competent authority
    • Part 2: Data on market risk
    • Part 3: Data on supervisory measures and administrative penalties
    • Part 4: Data on exemptions



  • Supervision information on investment firms (127kb xlsx) (1) - published on 1st august 2022

(1) The transposition of Directive (EU) 2019/2034, of the European Parliament and of the Council, of 27 November 2019, on the prudential supervision of investment firms was carried out in Portugal via Decree-Law No. 109-H/ 2021 of 10 December 2021, which also approved the Investment Firms Regime. The Investment Firms Regime came into force on 1 February 2022 and designated the Portuguese Securities Market Commission (CMVM) as the competent authority to supervise, inspect and enforce the rules on prudential requirements and prudential supervision of investment firms.

Investment firms operating in Portugal on the date of publication of Decree-Law No. 109-H/2021, have three and six months, after the date of entry into force, to, respectively, change their corporate name and adapt their internal policies and statutes to comply with the provisions of the Investment Firms Regime, including adjusting the respective share capital to the minimum share capital provided (as needed). Thus, full adaptation to the new regime must be made by 1 August 2022.

The matters provided for in the Investment Firms Regime, namely those provided for in article 130, will be regulated by the CMVM. The CMVM Regulation, which also includes the implementation of the duties of regular reporting of information, including information deadlines, format, and content, has not yet been published.

Given that the Investment Firms Regime only came into force on 1 February 2022 and that the CMVM Regulation, which implements, in particular, regular reporting duties to the CMVM has not been published yet, part of the information provided for in the Annexes to the Commission Implementing Regulation (EU) 2022/389 of 8 March 2022 cannot be completed at this time.