# Brazil’s CVM Would Retain 70% of Fees Under Modernization Plan By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/regulation/40724 Published: 2026-10-26T00:48:37.000Z Updated: 2026-10-26T00:48:37.000Z Section: Regulation > 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](). ## Links in this article - [experimental distributed-ledger technology pilot for securities operations](https://www.tokenpost.com/news/regulation/40454)