CVM issues 27 new Resolutions related to Decree 10.139/19 – Accounting Standards Update
By: André Jerusalmy On May 20, 2022, the Accounting and Auditing Standards Superintendence (SNC) of the Securities and Exchange Commission issued 27 resolutions. This measure is part of the strategy of reviewing and consolidating normative acts below the decree, determined by Decree 10.139/2019. The resolutions are: CVM Resolution 90: consolidates CPC 01 (R1) and revokes […]
CVM changes crowdfunding rules
By: André Jerusalmy On April 27, 2022, the Brazilian Securities and Exchange Commission (“CVM”) released Resolution CVM 88, which substantially modifies the rules regarding public offerings of small companies. The new resolution seeks to facilitate and improve the current rules for “crowdfunding”, which is a method of raising funds through […]
Market Demands Agility in Regulation of the New Exchange Rate Framework
By: André Jerusalmy The new Legal Framework for the Foreign Exchange Market, enacted on December 28, 2021, foresees important changes for financial agents, importers, exporters and all persons (whether individuals or legal entities) who wish to operate in foreign currency. However, for the provisions of the new law to come into effect, it is necessary to […]
Football clubs enter the token market
By: André Jerusalmy Just like cryptocurrencies, the word 'token' has started to be used very frequently in recent times. In short, tokens are digital representations of an investment, such as money or assets in general. Currently, there are several types of tokens with different functionalities, the main ones being: payment token, used for money transfers; […]
Independent Investment Agents are closer to the Investing Partners
By: André Jerusalmy The National Monetary Council (CMN) made the decision that now allows autonomous investment agents (AAI) to organize themselves as business corporations – without the restriction of being a group of professionals – meeting one of the main demands of the sector, which was the possibility of attracting investments by […]
Have You Heard of Plural Vote?
By: André Jerusalmy On August 26, 2021, Law No. 14,195/2021 was published, which brought several changes to corporate legislation with the aim of making the national market more competitive from a regulatory point of view. One of the most innovative issues was the institution of plural voting in public limited companies. […]
List of Countries at Risk to the Financial System
By: André Jerusalmy The CVM (Brazilian Securities and Exchange Commission) released at the beginning of November the CVM Report 04/21: GAFI/FATF Communication, which provides for the Financial Action Task Force against Money Laundering and the Financing of Terrorism (informal international grouping), in which the autarchy deals with the countries and jurisdictions that must be monitored in a […]
CVM presents results of actions developed in partnership with B3
By: André Jerusalmy The Brazilian Securities and Exchange Commission (“CVM”) and B3 began, in 2021, cooperation agreement activities for the supervision of public offerings of securities distributed with restricted efforts, which occur according to the rules of CVM Instruction 476. This agreement, which was signed in December 2020 and has a duration of […]
Impacts of CMN resolution 4,948 on the Derivatives Market
By: André Jerusalmy Derivatives can be used in a variety of ways and their use is widely known in the financial market. However, there are two most common forms of derivatives: protection (hedge) or leverage (speculation). While protection against market risk can reduce the effects resulting from fluctuations in asset prices […]
Legal Framework for Startups
By: André Jerusalmy On June 1, 2021, Complementary Law No. 182/21 was enacted, with the Legal Framework for Startups as its theme, which aims to establish specific regulations on the subject in the country, which as a consequence, would foster the business environment in Brazil and the hiring of startups by the Public Administration. With this […]
