Functions
of the Lima Stock Exchange According to its statutes,
the Lima Stock Exchange has the following functions:
1.
Provide its
members with the premises, systems and mechanisms
which furnish them with clear information on the
purchase and sales bids of the securities, the
impartial execution of the respective instructions
and the efficent settlement of their operations.
2.
Promote the
trading of securities, carrying out the necessary
activities and offering the appropriate services
for such purposes to ensure permanent growth of
the market.
3.
Register,
in accordance with the legal provisions and regulations,
the stock and securities to be traded and the
respective operations.
4.
Offer information
to the general public regarding stockbrokerage
houses, stock brokers and market transactions.
5.
Divulge and
keep the general public up to date on the information
concerning stock values, and the financial situation
and other circumstances of the equity issuers.
6.
Supervise
that its members or their representatives act
in accordance with the accepted commercial ethics,
and the respective legal dispositions, regulations
and statutes.
7.
Publish information
on the Stock Market and any other information
related to stockbroking activities.
8.
Certify the
value of the securities traded on the Exchange.
9.
Investigate
new facilities or products which may be offered
to either current investors or potential investors
and equity issuers, requestingCONASEV,
when the case requires, to implement said facilties
or products.
10.
Establish
and implement other complementary and compatible
services.
11.
Carry out
all other acts necessary to comply with the objectives
of the Exchange.
12.
Create
subsidiaries for those purposes established by
the General Members Assembly; and others as indicated
by legal dispositions and these statutes.
BOLSA DE VALORES DE LIMA - INTERNAL STRUCTURE The following are the areas of Bolsa de Valores de Lima:
a. General Manager's Office
The General Manager is the representative of the Institution.
He is responsible for directing the business of the Organization, with the powers and
within the limits stipulated in the bylaws, in accordance with policy issued by the
Board of Directors, which is the Institution's governing body. The General Manager has
the right to attend and speak in Board of Directors' meetings, but not to vote.
b. Legal Department
Its function is to provide legal advise to the Institution
with respect to all matters, whether corporate or securities market-related. Its head
is the legal representative of the Institution.
c. Administration, Finance and Systems Division
Responsible for planning, directing and controlling the Exchange's
administrative and financial endeavors, as well as for activities related to
computer systems and technological resources, in accordance with the Institutional Objectives.
d. Markets Division
Its object is to supervise the normal development of trading
performed in the different modules of the Electronic Trading System - ELEX used by Bolsa
de Valores de Lima, making sure that trades are conducted in line with established
regulations and rules. During trading sessions, the Market Director watches over the
trades performed.
e. Project Development Division
Responsible for planning, organizing, directing and
controlling tasks associated with research, design, development and implementation
of new products and services, to promote the Institution's development and to contribute
to the growth and efficiency of the Securities Market.
f. Internal Audit Department
This department performs an independent assessment of the
Organization, in order to assist in the evaluation of the achievement of objectives
set forth. Its activities consist of reviewing and evaluating performance and compliance
on the part of the Institution's functional areas with respect to the corporate governance,
risk management and internal control processes established by the Organization's Board
of Directors and Management to meet such objectives.
g. Issuers and Stock Exchange Information Department
Responsible for ensuring compliance with the obligations of
security issuing companies, insisting that the information distributed to the market by
the issuers is always accurate, sufficient, clear and timely. In addition, this department
is in charge of the handling and diffusion of information related to stock exchange trading,
securities and issuers, through its various publications and web page.
h. Accounting Department
The Accounting Department has the responsibility
of issuing and analyzing financial statements and monthly reports concerning the
economic and financial activities of the BVL. To this effect, it is responsible
for organizing, coordinating and controlling the adequate posting of transactions.
Likewise, it ensures timely compliance with tax obligations. It operates and has
custody over the AXIOM integrated accounting software system. .
