The Brazil Securities Commission (CVM) published a roundup of its March 2026 activity, highlighting the release of its 2025 Management Report, the launch of a Plan for Inspections and Supervisory Technical Meetings, issuance of two targeted regulatory changes, and a technical survey on the public offering factsheet (lâmina). The 2025 Management Report placed particular emphasis on the CVM’s regulatory agenda. Rulemaking included point adjustments to Annex II of CVM Resolution 175 for credit rights investment funds (FIDC) and a new rule on the role of substitute directors in the CVM’s decision-making board (Colegiado). Other measures covered technical cooperation agreements with B3 and BEE4 aligned to the FÁCIL regime, a series of declaratory acts warning the market about irregular activity by entities including 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, and Deliberation 906 in support of the Eco Invest programme. The CVM also issued multiple circular letters on a new channel for reporting occurrences or indications of infringements, procedures for unavailability of the SRE system, the creation of new associations in the Empresas.NET system, and the completion of public offering requests with tax benefits; the Colegiado rejected a revised settlement proposal with IQ Option LLC and the technical area published and updated a list of 19 delinquent listed companies.
Brazil Securities Commission (CVM) 2026-04-01
Brazil Securities Commission publishes March 2026 update featuring a new inspection plan, targeted rule changes and multiple irregular-activity alerts
The Brazil Securities Commission (CVM) published a March 2026 roundup highlighting its 2025 Management Report, a new inspections and supervisory meetings plan, targeted amendments to Annex II of CVM Resolution 175 for credit rights funds, and a rule on substitute directors on its decision-making board. The CVM also reported technical cooperation agreements with B3 and BEE4 under the FÁCIL regime, market warnings on irregular activity by several entities, multiple circular letters on reporting channels and systems procedures, rejection of a revised settlement proposal with IQ Option LLC, and an updated list of 19 delinquent listed companies.