The Brazil Securities Commission (CVM) has sanctioned Regen Serviços Fiduciários Ltda., imposing a BRL 255,000 fine for weaknesses in internal controls that led to repeated submission of incorrect information to CVM on the liquidity of investment funds under its fiduciary administration. The proceeding, opened by the Superintendence for Institutional Investors Supervision (SIN) and reported by Director Marina Copola, addressed alleged breaches of Article 19 of CVM Instruction 558 for events up to 30 June 2021 and Article 22 of CVM Resolution 21 from 1 July 2021. The CVM Board decided unanimously to convict and apply the fine; Director João Accioly issued a concurring vote statement. The sanctioned party may appeal with suspensive effect to the Council of Appeals of the National Financial System, and CVM Chair João Pedro Nascimento did not participate in the judgment due to an institutional engagement.
Brazil Securities Commission (CVM) 2025-04-08
Brazil Securities Commission fines Regen Serviços Fiduciários BRL 255,000 for internal control failures and incorrect fund liquidity reporting
The Brazil Securities Commission (CVM) fined Regen Serviços Fiduciários Ltda. BRL 255,000 for internal control weaknesses leading to incorrect liquidity information submissions. The enforcement action, initiated by the Superintendence for Institutional Investors Supervision, addressed breaches of CVM Instruction 558 and CVM Resolution 21. The CVM Board's unanimous decision allows for an appeal with suspensive effect to the Council of Appeals of the National Financial System.