The Brazil Securities Commission (CVM) has launched a new page on its website providing guidance on Termo de Compromisso in a frequently asked questions format, aiming to make access to information more straightforward and user-friendly. The FAQ comprises 14 questions and answers covering the origin and purpose of the Termo de Compromisso, who can submit a proposal, and how CVM analyses proposals. CVM officials describe the Termo de Compromisso as a tool to secure timely, adequate and precedent-setting undertakings in response to potential misconduct in capital markets, and position the new material as a practical guide for stakeholders, including those considering submitting a proposal.
Brazil Securities Commission (CVM) 2025-04-04
Brazil Securities Commission publishes 14-question FAQ on Termo de Compromisso submissions and review process
The Brazil Securities Commission (CVM) has introduced a new FAQ page on its website to provide guidance on the Termo de Compromisso, enhancing accessibility and user-friendliness. The page addresses 14 key questions, including the origin, purpose, and proposal submission process of the Termo de Compromisso. CVM officials highlight it as a tool for securing timely and adequate undertakings in response to potential capital market misconduct.