The Hellenic Capital Market Commission (HCMC) is the regulatory authority responsible for supervising and regulating the securities markets and professionals involved in securities transactions in Greece. Established to promote the transparency and orderly functioning of the capital market, HCMC ensures investor protection and the effective operation of the securities market.
Key Functions and Responsibilities
- Regulatory Oversight: The HCMC enforces laws relating to securities and other financial instruments. It oversees the operations of firms and individuals in the capital markets, ensuring compliance with legal and regulatory requirements.
- Market Surveillance: The commission monitors market activities to prevent illegal practices such as insider trading and market manipulation. It aims to maintain the integrity and stability of the financial markets.
- Investor Protection: A significant focus of the HCMC is protecting investors. This includes ensuring that investors receive accurate and timely information to make informed decisions and safeguarding their interests from unfair practices.
- Supervision of Financial Entities: The HCMC supervises various entities including stock exchanges, investment services firms, mutual funds, and public companies, ensuring that they operate within the legal framework.
