The issuing and marketing entities of the complex financial information available on this website are solely responsible for the contents therein. The disclosure of said information does not include any judgment by the CMVM on the value or worth of said products.

The complex financial products are not subject to prior approval by the CMVM (except in the case of special investment funds). However, the marketing publicity concerning these products shall be compulsorily approved by the CMVM.

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• Decree-Law No. 211-A/2008 of 03 November
• Securities Code
• CMVM Regulation No. 1/2009
  Information and Advertising on Complex Financial Products under the CMVM's Supervision

• 12/03/2009
  Joint Understanding by the Banco de Portugal and CMVM as to the Demarcation of Powers pertinent to Complex Financial Products
• 14/11/2008
  Joint Understanding by the CMVM and ISP on the Regulation and Supervision of the Open-end Pension Funds with Individual Membership, Transactions and the Assurances linked to Investment Funds