The Brazil Securities Commission published a roundup of its March 2026 actions, spanning targeted amendments to market regulation, updates to its internal governance arrangements, and new supervisory planning and guidance. The package includes a 2025 Management Report highlighting the regulator’s agenda, a Plan of Inspections and Technical Supervision Meetings, and multiple market conduct alerts. Key measures included Resolution CVM 240, which made limited adjustments to Annex II of CVM Resolution 175 for FIDC funds, and Resolution CVM 241 on the participation of substitute directors in the CVM Collegiate Body. The technical area also launched a survey on the public offering “Lâmina”, signed technical cooperation agreements with B3 and BEE4 aligned with the FÁCIL Regime, and issued declaratory acts warning of allegedly irregular activity by Visfh Corp LLC, Axiun Broker Corp LLC, Clarus Option Corp LLC, Delta Broker LLC, OB Trader Corp LLC, AT Global Markets International Limited and other companies, Mirlux Options, and SUN WAVE LLC. Additional updates covered Deliberation CVM 906 in support of the Eco Invest Program, new procedures for reporting occurrences or indications of infractions, operational guidance for SRE system unavailability, changes in the Empresas.NET system, guidance on applications for tax-incentivised public offerings, publication and subsequent update of a list of 19 delinquent listed companies, and the CVM Collegiate Body’s rejection of a revised settlement proposal with IQ Option LLC.
Brazil Securities Commission (CVM) 2026-04-01
Brazil Securities Commission publishes March roundup with targeted rule changes, new supervision plan and stop-order warnings
The Brazil Securities Commission’s March 2026 roundup covers targeted regulatory amendments, internal governance changes, and new supervisory planning and guidance, including its 2025 Management Report, a Plan of Inspections and Technical Supervision Meetings, and market conduct alerts. Key measures include Resolution CVM 240 adjusting Annex II of CVM Resolution 175 for FIDC funds, Resolution CVM 241 on substitute directors’ participation in the Collegiate Body, new cooperation agreements with B3 and BEE4 under the FÁCIL Regime, declaratory acts on allegedly irregular activities by several entities, and updated procedures on reporting infractions, system operations, tax-incentivised offerings, delinquent issuers, and a rejected settlement proposal with IQ Option LLC.