Stock Exchanges are entities that are intended to provide its members with the means to efficiently trade securities through public auction mechanisms, and perform other related activities in accordance with the law.
These entities require the Authorization of the Superintendency of Financial Services to operate for reasons of legality, timeliness and appropriateness. See requirements for authorization (Art. 53 et seq RNMV - Rules on the securities market).
In these cases, supervision is primarily aimed at financial stability and solvency of institutions, based on the systematic and regular implementation of different supervisory mechanisms, which seek to promote entities to manage their risks in a professional way, to prepare financial reports in a timely and consistent manner, to operate with caution and maintain adequate compliance with regulations (particularly with investor protection rules). Through these procedures it is possible to have early warnings of problems and thus company managers can take appropriate measures to solve them in a timely manner.
The role of protecting financial users is also performed by responding to inquiries and denouncements.
See List of Stock Exchanges authorized to operate in the Uruguayan financial system.