Legal Framework for Loan Guarantees via Law 14,711/23
By Moema Giovanella The entry into force on October 31, 2023 of Law 14,711/23 establishes the Legal Framework for Loan Guarantees, improving the rules for treating credit and guarantees and extrajudicial measures for credit recovery in Brazil. The topic brings great expectations from the market due to the advances it represents to the loan recovery system […]
New BCB Resolution No. 339 updates the rules regarding written duplicates
By Moema Giovanella The National Monetary Council – CMN, the Central Bank of Brazil – BCB and the Securities and Exchange Commission – CVM have been building an important regulatory agenda in recent years to increase competitiveness and security in the negotiation of commercial receivables in the country. Just like the changes to the rules for receivables […]
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 […]
Debenture market on the rise in the first quarter of 2022
By: André Jerusalmy The conflict between Russia and Ukraine has generated global instability. Since the beginning of the war, the scarcity of energy sources and the increase in the price of oil and commodities have contributed to the escalation of prices in the world and in Brazil. In the first quarter alone, the values issued show an increase of […]
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 […]
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 […]