The Brazil Securities Commission has approved a document setting out 22 measures for an emergency restructuring of its supervisory activity and sent it to the Ministry of Finance as input for the Union's submission to the Supreme Court. The plan was prepared in response to the interim order in Direct Action of Unconstitutionality 7.791, issued on 5 May 2026 and confirmed by the plenary on 22 May 2026, which required the Union to draw up a plan with the CVM's direct participation and to transfer to the agency the revenue from the securities market supervision fee, net of the 30 percent DRU. The CVM said the document assumes a significant increase in budget availability resulting from that ruling. The proposed measures cover staffing, organisational redesign, technology and supervisory tools. On staffing and governance, they include technical, collegiate and cross-cutting task forces, a drive to process terms of commitment, strategic deployment of appointed candidates, use of 50 reserve federal inspectors and candidates approved in the Unified National Public Competition, temporary hiring for support activities, 16 new commissioned posts to strengthen the collegiate, and a staff retention policy. On systems and supervision, the package includes stronger computing infrastructure, secure cloud and processing capacity, an integrated data and supervisory intelligence platform, generative and analytical artificial intelligence tools for adjudication and case handling, training in technology, data and artificial intelligence, tools to reduce backlog, processing of information from technical cooperation agreements, and bringing in-house systems currently operated by self-regulatory entities. It also proposes artificial intelligence, machine learning and network analysis for market abuse detection, prerogatives to block websites and payments linked to irregular offerings and intermediation, broader supervision of the fund industry, and systematic audits and asset-backing checks in FIDCs and single-class funds.
Brazil Securities Commission (CVM)2026-05-27
Brazil Securities Commission approves 22 measures for emergency restructuring of supervisory activity
The Brazil Securities Commission has submitted to the Ministry of Finance a plan with 22 measures for the emergency restructuring of its supervisory activity, prepared in response to the Supreme Court’s interim order in Direct Action of Unconstitutionality 7.791. The plan assumes a significant budget increase and sets out actions on staffing, organisational redesign, technology and supervisory tools, including expanded use of artificial intelligence, enhanced market abuse detection, broader fund industry oversight and systematic audits of FIDCs and single-class funds.