Publications - Securities Markets
The new Regime on the Purchase and Servicing of Banking Receivables (RCGCB) has been approved, transposing Directive (EU) 2021/2167 and regulating the assignment and management of credit receivables in Portugal. This measure aims to harmonise the…
Garrigues Portugal offers a detailed analysis of the legal regime of Real Estate Investment and Management Companies (SIGI) in the latest edition of the EPRA Global REIT 2021 Study. The firm's experts explain the key factors to take into…
It was published on 24 September 2019 Decree-Law no 144/2019 which transfers from the Bank of Portugal to the Securities Market Committee (CMVM) the powers of prudential supervision of investment fund management companies and credit securitisation…
As already adopted by other EU member states, on 12 September 2019 contingency measures were approved by the Portuguese Council of Ministers and should be applied to credit institutions, investment companies and management entities with head office…
On the 4th of September 2019, Law no. 97/2019 was published in Portugal’s Official Journal introducing the first amendment, approved under a parliament review, to the Real Estate Investment and Asset Management (SIGIs) regime,…
10 main features of Portuguese REITs
Following the Commentary that we have made available on 10 May 2017, informing about the entry into force of Law no. 15/2017, of 3 May – which prohibits the issuance of bearer securities and foresees the creation of a transitional…
On 26 June, the regime applicable to the appropriation of the pledged asset under a commercial pledge agreement was approved by Decree-Law no. 75/2017, of 26 June 2017.
Prohibition on the issuance of bearer securities – entry into force of Law no.15/2017, of 3 May, which prohibits the issuance of bearer securities and foresees the creation of a transitional regime for the conversion of the existing…
The single market in financial services has been at the core of the United Kingdom (UK) and European Union (EU) financial services industry for many years. The news that the UK will leave the EU will no doubt have an impact on the financial players…
On October 24, 2015 the Official State Gazette published Legislative Royal Decree 4/2015, of October 23, 2015, approving the revised Securities Market Law. The new revised wording will come into force on November 13, 2015 (20 days after its…
Spain launched a very particular type of REIT in 2009, the SOCIMI (“Sociedades Cotizadas de Inversión en el Mercado Inmobiliario” or “Listed Corporations for Investment in the Real Estate Market”), with a tax regime that was very different from any…