The Brazil Securities Commission (CVM) published a February 2026 roundup of recent publications, supervisory guidance and enforcement communications. The highlights included the Economic Bulletin for the fourth quarter of 2025, which reported a record number of entities regulated by the CVM, and the conclusion of a technical study on order internalisation recommending that liquidity and transparency be prioritised. The month’s releases also included multiple circular letters covering financial reporting for cloud computing arrangements, submission of periodic information and ordinary daily fines for late filings, and the requirement for non-resident investors trading agribusiness derivatives to register with the CVM. The CVM’s technical staff also issued the 2026 Annual SEP circular letter for registered companies and guidance on completing public offering requests involving tax benefits, while separate stop-order notices warned about the alleged irregular activity of Trading Point Group and of Trinota Markets (Global) Limited, Harindale LTD and Oryx Finance Limited. Other items in the roundup included the CVM Board’s acceptance of settlement proposals with a director of D1000 Varejo Farma Participações S.A. and with administrators of Construtora Adolpho Lindenberg S.A. and Lindenberg Investimentos Ltda., publication of results from the CVM-ANBIMA technical cooperation agreement for the second half of 2025, and a CVM note relaying a FATF communication on countries with potential risk to the financial system.

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