Brazil Securities Commission amends its internal rules to create a Data Governance Office and reorganise key superintendencies

The Brazil Securities Commission (CVM) issued Resolution CVM 228 updating its internal bylaws under Resolution CVM 24, including the creation of a CVM Data Governance Office and a set of organisational adjustments intended to improve efficiency and clarity in internal responsibilities. The new Data Governance Office sits within the Innovation, Projects and Processes Management unit of the Planning and Innovation Superintendency (SPL) and is intended to support implementation of the CVM’s Data Governance Policy established by Ordinance CVM/PTE 26/2025. Its remit includes coordinating data governance implementation, developing a data governance strategy, leading data curation, building and maintaining a data catalogue, deciding on the capture or discontinuation of datasets and changes in data custody responsibility, establishing processes to identify and resolve data issues, maintaining a business terms glossary, and implementing indicators and metrics to test the effectiveness of data management policies and standards. Resolution CVM 228 also makes drafting, naming and competency adjustments in the Securitisation and Agribusiness Superintendency (SSE), the Administrative-Financial Superintendency (SAD) and the Market and Intermediaries Relations Superintendency (SMI), including a full restructuring of SMI’s subordinate components and a rename of the organisational component GECON to “Accounting and Costs Management”. Resolution CVM 228 entered into force upon publication.