Post by account_disabled on Feb 19, 2024 3:45:34 GMT -2
In late 2023, the Securities and Exchange Commission released its revised biennial risk-based supervision plan for the next biennium. In this plan, the CVM brings the risks considered as priorities in its supervision of the capital market, serving as a good parameter for market participants on where the agency's focus will be.
The biennial plan addresses general risks, subdivided into specific risks. General risks include issues such as transactions with related parties, prevention of money laundering and terrorist financing, loss of control of relevant information, liquidity risk management failures and leverage in investment funds.
In reviewing the plan, some topics were no longer Telegram Number Data priority supervision, including suitability rules , impairment tests , asset assessment and risks of irregularities and defects in the conduct of public distribution offerings via crowdfunding .
Logically, this does not mean that the CVM will stop supervising these topics, but that they will not be the agency's main focus, based on an analysis of efficient use of resources and risk exposure.
As a novelty in the plan, in addition to the reclassification of previously foreseen risks, new specific risks relating to the securities distribution activity and areas of thematic supervision relating to digital influencers, ESG/ASG governance, security token offerings and new rules for public offering coordinators. We will now address these new developments that will be prioritized in the next biennium.
New priority risks: distribution of securities
In the new risks relating to securities distribution activities, the CVM divides the general risk into two groups of specific risks.
The first risk concerns the role of independent investment advisors and agents in distribution operations.
Disclosure
In this case, in addition to acting in specific cases, the CVM will annually carry out at least two inspections regarding the regular performance of regulated agents and four supervisory actions to identify possible violations of legislation or regulatory irregularities in materials published by regulated agents on CVM websites. internet or social networks.
The second risk is related to the possible deficiency in the performance of the Brazilian Association of Financial and Capital Market Entities (Anbima) in self-regulation activities shared with the CVM.
The biennial plan addresses general risks, subdivided into specific risks. General risks include issues such as transactions with related parties, prevention of money laundering and terrorist financing, loss of control of relevant information, liquidity risk management failures and leverage in investment funds.
In reviewing the plan, some topics were no longer Telegram Number Data priority supervision, including suitability rules , impairment tests , asset assessment and risks of irregularities and defects in the conduct of public distribution offerings via crowdfunding .
Logically, this does not mean that the CVM will stop supervising these topics, but that they will not be the agency's main focus, based on an analysis of efficient use of resources and risk exposure.
As a novelty in the plan, in addition to the reclassification of previously foreseen risks, new specific risks relating to the securities distribution activity and areas of thematic supervision relating to digital influencers, ESG/ASG governance, security token offerings and new rules for public offering coordinators. We will now address these new developments that will be prioritized in the next biennium.
New priority risks: distribution of securities
In the new risks relating to securities distribution activities, the CVM divides the general risk into two groups of specific risks.
The first risk concerns the role of independent investment advisors and agents in distribution operations.
Disclosure
In this case, in addition to acting in specific cases, the CVM will annually carry out at least two inspections regarding the regular performance of regulated agents and four supervisory actions to identify possible violations of legislation or regulatory irregularities in materials published by regulated agents on CVM websites. internet or social networks.
The second risk is related to the possible deficiency in the performance of the Brazilian Association of Financial and Capital Market Entities (Anbima) in self-regulation activities shared with the CVM.