PME Investimentos is subject to the legal regime of Investment Companies, defined by Decree-Law no. 260/94, of October 22nd, and applicable provisions of the General Regime of Credit Institutions and Financial Companies established by Decree- Law no. 298/92, of December 31st.

The Company is also subject to the supervision of Banco de Portugal, observing all the regulations issued by this entity, applicable to investment companies and to the regulations applicable to financial companies of the Public Business Sector.

Internally, only the Regulations of the Board of Directors stand out, which, respecting the Companies Code and the Company Statutes, The rules of operation of this Board, the Code of Ethics and the Plan for the Prevention of Corruption Risks.

The identification and supervision of transactions with related parties is performed with reference to the provisions of Article 63(4) and (5) of the Corporation Tax Code.




Income from services and commission

6 601 779,73 €

7 856 461,81 €

Personnel costs

1 000,00 €

Dividends distributed

3 307 947,23 €

2 699 612,12 €

Relevant are the commissions earned by the management of the Funds, defined by ministerial order,in which IAPMEI – Agency for Competitiveness and Innovation , I.P. ( IAPMEI ) holds most of the capital.

Personnel costs relate to the presence of IAPMEI as Chairman of the General Meeting.

In 2018 , dividends were distributed to shareholder IAPMEI in the amount of 2 750 213,90 euros and to the General Directorate of the Treasury in the amount of 557 733,33 euros.

In light of the fact that PME Investimentos is covered by the subjective scope of application of the Public Contracts Code, complying with the provisions of Official Letter no. 1730/10 of 25 February 2010 and Order no. 483/10 of 10 May 2010 of the Secretary of State of Treasury and Finance, the acquisition of goods and services by the Company respects the public procurement principles and procedures, particularly those arising from the public procurement rules in force in 2018.

In 2018 no transactions were performed outside market conditions.

PME Investimentos has a Code of Ethics, which was approved by the Board of Directors in 25 February 2009, as per minute no. 308, which is in force today. It includes a set of principles and rules of ethical and deontological conduct to be observed by the Company and by all its associates, in mutual relations and in relations that are established in the Company’s name with third-party bodies, whether long-term or on an ad hoc basis.

This Code is publicised on the Company’s website.

Additional Public Information about Good Governance principles may be found at Setor Empresarial do Estado da DGTF – Direção Geral do Tesouro e Finanças.

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