The Brazil Securities Commission (CVM) will hold a judgment session at 15:00 on 8 April for Administrative Sanctioning Proceeding (PAS) 19957.011992/2023-24, which investigates alleged irregularities by Regen Serviços Fiduciários Ltda. in information reported to the CVM on the liquidity of investment funds, including a potential breach of Article 19 of CVM Instruction 558 and, subsequently, Article 22 of CVM Resolution 21. The session is open to the public and will take place in person at the CVM’s headquarters in Rio de Janeiro, with an option to follow by videoconference. If none of the accused or their counsel indicate an intention to participate, the matter will be decided in a restricted session through electronic voting. The CVM also made available the report prepared by Director Marina Copola, noting it may be amended after the judgment session.
Brazil Securities Commission (CVM) 2025-04-07
Brazil Securities Commission schedules 8 April judgment session in sanctions case against Regen Serviços Fiduciários over fund liquidity disclosures
The Brazil Securities Commission (CVM) will conduct a judgment session on 8 April regarding alleged irregularities by Regen Serviços Fiduciários Ltda. in reporting investment fund liquidity, potentially breaching CVM Instruction 558 and Resolution 21. The session, open to the public, will be held at CVM's headquarters in Rio de Janeiro, with videoconference access. Director Marina Copola's report is accessible and may be revised post-session.