Cape Verdean regulator presents rules on mutual funds and securitisation

SÉRVULO IN THE PRESS 19 Nov 2019 in Mercado

Earlier this week, the General Auditor of the Securities Market (AGMVM) presented the Regulatory Package for Investment Funds and Securitisation in Cidade da Praia. This was then followed by the launch of two initiatives from the Governance Lab research group.

This normative package is intended to contribute to the development of the “underlying normative anchors” of Cape Verde’s securities market, as well as the modernisation and competitiveness of the same.

Speaking to the local press, Portuguese lawyer and host of the regulatory package, Paulo Câmara, revealed that, over time, AGMVM has published a set of interventions and proposals for the country’s capital market. According to SÉRVULO’s managing partner, these proposals are intended to boost investment funds, which are one means of bringing in small investors. The proposals also focus on developing rules on credit securitisation.

“It is intended, in both cases, that the capital market should be in lockstep with the economy,” said Paulo Câmara. He also added that this market “should not be a separate corner of the Cape Verdean economy,”. Rather, it should  promote forms of participation in small and medium-sized companies, real estate investment and connection with the credit system.

Read the full article in the Mercado here.