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Bureau of Securities

This bureau is part of the Ministry of Commerce

The Bureau of Securities (VECSEC) regulates securities in Vekllei, mostly in the Commonwealth Securities Exchange. It advises fiscal decision-making to the Treasury and legislates trade practices in the country, including the issuing and ownership of government bonds and bureau securities. It is part of the Ministry of Commerce.

Since Vekllei citizens do not usually participate in the domestic securities markets, the bureau lacks traditional legal authority over many of the foreign participants in its supervised markets, but does extradite and prosecute financial crime through the EUROVEK and USVEK extradition treaties.

Executive Council #

Departments #

  • General Council: Advisory board to the Commonwealth.
  • General Procuratorate: Enforcement of penalties and prosecution of financial crimes.
  • General Inspectorate: Investigations into fraud, abuse and corruption in Vekllei markets.
  • Department of Financing & Stock Exchange: Regulation and monitoring of the Commonwealth Securities Exchange and miscellaneous securities within the country.
  • Department of International Markets: Regulation and monitoring of foreign investment and government bonds.
  • Department of Investments and Trusts: Regulation and monitoring of the investments, securities and financial contracts of Vekllei citizens and companies.

Boards & Commissions #

  • National Patent & Trademark Office: Registration authority for commercial patents and marks.
  • Intellectual Property Arbitration Board: Mediator for copyright, patent and trademark disputes before litigation.
  • Commonwealth Commercial Service: Promotion of Vekllei products abroad and liaison between industry and foreign partners.
  • Commonwealth Trade Commission: Industrial and commodity liaison for foreign companies.
  • Commonwealth Ratings Corporation: Independent ratings agency for global private and public debt, which also maintains the CRC/CSX 50 index for the Commonwealth Securities Exchange.