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Add as a preferred source on GoogleBrazil’s CVM Would Retain 70% of Fees Under Modernization Plan
The push was prompted by a court ruling and IMF recommendations.
The modernization push was prompted by Supreme Federal Court ruling ADC 7791 and recommendations from the International Monetary Fund.
Under arrangements tied to the push, Brazil’s Securities and Exchange Commission (CVM) would be allowed to retain 70% of the regulatory fees it collects. The regulator has also established an experimental distributed-ledger technology pilot for securities operations.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.