Organization fo the SVSOrganization fo the SVS
The Charter of the SVS (D.L. No. 3,538 of 1980) provides that its head shall be the Superintendent of Securities and Insurance (the Chairman), who is its judicial and out-of-court legal representative, being appointed by the President of the Republic.
The SVS is, in turn, organized in three functional areas:
The Securities Area is in charge of supervising entities related to the securities market, such as, listed corporations, issuance of securities for public offer (stocks, bonds, commercial papers, investment fund shares), stock exchanges, clearinghouses, security brokers, external auditors, mutual fund managers and their funds, investment fund managers and their funds, foreign capital investment funds and their funds, risk-rating agencies, securitization companies, mortgage mutual fund managers and their funds, centralized security deposits, among others.
The Insurance Area is in charge of supervising entities involved in insurance market, such as, insurance companies, reinsurance companies, insurance brokers, insurance adjusters, insurance agents, and endorsable mortgage mutual fund administrating agents. It is also in charge of the registry of foreign reinsurers, and both national and foreign reinsurance brokers.
The function of the Central Area, in turn, consists of providing administrative support required by the institution to properly perform its tasks.
Should you need further information, refer to the organizational chart.
