Functions of the SVSFunctions of the SVS
In carrying out its responsibilities, the SVS operates in the following capacities:
Enforcement: Monitoring of compliance with legal, regulatory, and administrative rulings.
Regulatory Duties: Establishing of the regulatory framework for the securities and insurance markets through the issuance of rules and regulations.
Sanctions: Application of sanctions for breaches and infringement of regulations.
Market Development and Promotion: Promotion of variousinitiatives for market development through the creation of new products and instruments.
These responsibilities are outlined in the powers set forth in Article 4 of its charter, notwithstanding other pre-existing legal authority.
