The Brazil Securities Commission announced that Brazil's Supreme Federal Court has approved the agency's restructuring plan presented by the federal government through the Ministry of Finance. The approval clears the way for measures to strengthen the regulator's organizational structure and operating capacity as Brazil's capital markets become more complex, with the plan aimed at improving supervision, enforcement and service to investors and market participants. The approved measures include a gradual rebuilding of headcount through new appointments and the use of candidates already approved in public recruitment processes, a reduction in the stock of cases and higher adjudication capacity, and reinforcement of the agency's technical structure. The plan also calls for modernization of technology infrastructure, including broader use of artificial intelligence and data analytics tools, and stronger cooperation with other public bodies, especially in capital markets supervision and enforcement. In the release, the CVM also linked the restructuring to its ability to supervise newer market developments such as tokenization and to improve monitoring against the use of capital markets for illicit activity. Next, the CVM said it will continue implementing the measures in coordination with the relevant authorities and will also prepare the medium-term plan required by the Supreme Federal Court. An ordinance creating a dedicated working group for that purpose is due to be published in the coming days, with the plan to be developed through dialogue with internal areas, civil society entities and federal executive bodies.

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