The PARPÚBLICA , being a company with public capital, is subject to all the regulations which govern the activity of companies in the State Business Sector (ESS), which is systematized in Decree-Law No. 133/2013 of 3 October , which establishes the principles and rules applicable to the public business sector, and Decree-Law no. 71/2007, of 27 March , which approves the Statute of the Public Manager. 

The company is also subject to financial control by the Court of Auditors, in the context of monitoring publicly owned companies, in accordance with the framework defined by the Law of Organization and Process of the Court of Auditors, approved by Law No. 98 / 97, of 26 August , with subsequent changes.

In addition, as a holding company, PARPÚBLICA's activity is still subject, like the other SGPS, to compliance with the rules of Decree-Law no. 495/88, of 30 December and complementary legislation, which includes subjecting specific control by the Inspectorate-General of Finance.
 

And, as part of its activity, PARPÚBLICA is the issuer of negotiable securities in regulated markets, it is also subject to compliance with specific Regulations of the CMVM and Banco de Portugal, particularly in matters related to management transparency and guarantee integrity and adequate availability of relevant information as a holder of qualified holdings in financial companies and as an issuer of securities admitted to trading on a regulated market.

PARPÚBLICA's activity is also subject to the company's Articles of Association, approved by Decree-Law no. 200/2009, of 2 September .

PARPÚBLICA employees are, on the other hand, subject to the framework defined by the Code of Ethics and other internal regulations and by the framework applicable to the State Business Sector, namely, and in particular, in matters related to the duties of loyalty, professional secrecy and integrity inherent to the service in public functions but also in terms of remuneration with regard to the specific legal determinations that have imposed a reduction in remuneration.

In the internal scope, several Regulations are in force that frame the current activity of the company. One of the essential aspects that characterizes these regulations is the concern with the principle of segregation of functions, together with a clear definition of the administrative and accounting circuits and the allocation of functions and responsibilities to the different stakeholders. These aspects are considered essential to safeguard the objectives of transparency, rigor, integrity and security that are intended to be guaranteed.

Within the set of internal regulations, the Regulations of the Board of Directors and the Executive Committee should be referred to, which establishes the rules for the functioning of these bodies, namely with regard to the definition and distribution of areas of specific responsibility among the executive directors.

At the functional level, the Procedures Manual approved by the Management in 2012 and developed by the Internal Audit area, together with all other areas of the company, plays a prominent role, for the purpose of an exhaustive survey of the various operational processes and to support society's activities.

Mention should also be made of the existence of the Regulation for the acquisition of goods and services, leasing of goods and contracting of works by PARPÚBLICA, a document on the Fraud Risk Management Policy, approved in 2010 and revised in 2012, and the Fraud Risk Prevention, approved in 2010.

In this context, it should be noted the existence of the Audit Committee, whose function includes monitoring the day-to-day management of the company's business and complying with the law and internal regulations

In general, the activity of the company and its employees is subject to compliance with the rules of transparency, rigor, formalism and security inherent in the exercise of public functions.

	Regulation of the Board of Directors of Parpública
	Parpública's Hiring Regulation
	Audit Committee Regulation