Portugal: Regulatory Waivers

The Regulator

The Comissão do Mercado de Valores Mobiliários (CMVM) (Portuguese Securities Market Commission) was established to supervise and regulate the securities and other financial instruments markets.

Requirements to Practice

Review the full text of the CMVM legislation (in Portuguese) (PDF)
Review the full text of the CMVM legislation (in English) (PDF)

The Waiver

The CMVM recognizes the CFA charter as fulfillment of the qualifications needed to register as an investment adviser or financial analyst.

Applicants are considered qualified for the purposes of admission to register as investment advisers if they have a CFA charter or hold a master's degree from a CFA Program Partner.