The Brazil Securities Commission published a roundup of its September actions, led by technical staff’s completion of a proposed capital markets tokenization pilot. The proposal advances work by the commission’s Tokenization Working Group on an experimental regime for securities using distributed ledger technology. The regulator also formally presented Chair Otto Lobo and Director Igor Muniz to the market. The roundup covers annual guidance for independent auditors and public offerings, as well as clarification that a receivables investment fund’s performance fee cannot be linked to consultancy remuneration. Enforcement actions included fines totaling more than BRL 200 million in a case involving Banco Master and approval of a settlement exceeding BRL 2.3 million in a case involving the current TC S.A. The commission also reported its second-quarter enforcement activity and approved an amendment to its cooperation agreement with Anbima on investment fund supervision.
Brazil Securities Commission reviews September actions, including tokenization pilot proposal and more than BRL 200 million in fines
The Brazil Securities Commission reviewed its September actions, including completion of a proposed tokenization pilot and new guidance for auditors, public offerings and receivables investment funds. Enforcement measures included more than BRL 200 million in fines in a Banco Master case and a settlement exceeding BRL 2.3 million involving the current TC S.A.