Portugal: IPCG to produce new corporate governance code

Responsibility for the governance code to which listed companies are subject is to change. The Portuguese Securities Market Commission, Comissão do Mercado de Valores Mobiliários, has announced that it will no longer produce a governance code and that responsibility for Portugal's governance code will move to the Instituto Português de Corporate Governance (IPCG: the Portuguese Corporate Governance Institute): see here (pdf, Portuguese). The IPCG has said that it will publish and consult on a new code later this year.