The Board's main functions

  1. To exercise the powers and perform functions entrusted by law to the Commission.
  2. To establish policies for planning, organization, management, coordination and control of the functioning of the Commission.
  3. To establish policies for the administration, acquisition and transfer of goods.
  4. To issue general rules, circulars, official circulars, and other resolutions that are required.
  5. To resolve sanctioning procedures that originate from indictments, applying the corresponding sanctions, depending on the case.
  6. To formulate reform proposals to legal and regulatory rules to the President of the Republic, through the Ministry of Finance.
  7. To resolve on the subscription of agreements or memorandum of understanding.
  8. To submit complaints to the Public Ministry [Department of Justice] for the facts brought to its knowledge in the exercise of its attributions and which may be considered as offenses.
  9. To elaborate an annual public report, within the first four-month period of each year.
  10. To temporarily suspend, in serious and urgent cases duly qualified, totally or partially, by reasoned resolution, the activities of a supervised person or entity or the quoting or trading of one or more securities, and adopt, in general, any preventive or corrective measure provided by law.
  11. To issue the resolutions concerning the authorization of existence, operation and mergers or reorganizations of the supervised entities, as appropriate and, in general, to reach a decision on any other authorization or registration that the Commission must grant within the scope of its powers.

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