Bolsa de Valores de Montevideo S.A. (Montevideo) (Uruguay)

The Bolsa de Valores de Montevideo (BVM) is an institution located in Montevideo that provides a platform for the placement, negotiation, and custody of public and private securities. It facilitates the primary issuance of securities, the buying and selling of existing securities in the secondary market, and offers custody services to investors to reduce the risks of loss, theft, or forgery. In addition to serving its members, the BVM also provides services to issuers of securities and society as a whole. Since 1867, the BVM has ensured a secure and transparent market. Annually, transactions worth nearly $3 billion are conducted by operators associated with the BVM. The BVM currently holds over $2 billion in securities from its members. Both Stockbrokers and Special Partners can carry out operations at the BVM. To become a Stockbroker, one must be a member of the BVM and meet the requirements set by Uruguayan legislation and the Central Bank of Uruguay. Special Partners are authorized institutions that are not members of the BVM. They can include banks, pension fund administrators, social security institutions, and insurance companies. The BVM is managed by a Board of Directors consisting of five members, three of whom represent Stockbrokers, and two are independent directors. In addition to the Board of Directors, the BVM has a Good Practices Committee and an Audit and Surveillance Committee.