Mozambique - The obligation to register and carry out securities transactions in Mozambique by CVM

More than eight years after the approval of the legislation that provided for its creation (i.e. Decree 25/2006 of 23 August), the Securities Exchange Commission (Central de Valores Mobiliários ("CVM")) – an independent Department of the Mozambican Stock Exchange – began operations on 4 November 2014. Financial intermediaries and issuing entities now have a new institution that brings to Mozambique the phenomenon of computerisation of the ownership and trading of securities issued in Mozambique or held by Mozambican-law entities.