Publications

Signing of Technical Cooperation Agreement Between CVM and BNDES

September 1, 2022

By: André Jerusalem

In August, a technical cooperation agreement was signed between the Securities and Exchange Commission (“CVM”) and the National Bank for Economic and Social Development (“BNDES”), aiming to stimulate the use of financial innovation and sustainable finance to promote the development of the securities market.

It is important to emphasize that this agreement only has technical aspects, aiming at expanding the activities of the signatory parties among themselves, and its text states that there is no sharing of budgetary or human resources. In this sense, five pillars of action were established, namely:

  1. Institutional dialogues;
  2. Promotion of events, studies and exchange of experiences and specialized technical knowledge;
  3. Financial innovation;
  4. Educational activities;
  5. Cooperation in socio-environmental initiatives.

It should be noted that the agreement has a duration of 5 (five) years, and may be extended by signing an addendum.

If you have any questions about the topics covered in this publication, please contact any of the lawyers listed below or your usual Mazzucco&Mello contact.

This communication, which we believe may be of interest to our customers and friends of the company, is intended for general information only. It is not a complete analysis of the matters presented and should not be considered legal advice. In some jurisdictions, this may be considered lawyer advertising. Please see the company's privacy notice for more details.

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