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I
n 1994, with the approval of the
Law
for the Securities Market, it is given to the Superintendence
of the Financial System the task to investigate the securities
market and its various participants. It achieves this mission
through a dependency called the Intendence of Securities. As an
answer to the evolution of the securities market in our country and
to the growing complexity of its operations, it turned necessary the
existence of a specialized and independent inspection entity
with qualified personnel in the knowledge of the securities market,
to inspect and promote it in a proper way, dictating policies and
establishing approaches coherent with the balance that should exist
between the protection of investors and of the general public,
and the dynamic and orderly development of the securities market.
I t is
because of these considerations that in 1996 the Congress approves
the Organic
Law of the Superintendence of Securities and makes it an
autonomous institution, regulator of the securities market.
The creation
of the Superintendence of Securities also means commitment to
coordination and fluent and permanent communication with other
inspection entities of the financial system, what leads to the
creation of a Committee of
Superintendents to give body to this coordination, a measure
that guarantees an effective supervision. |