The Brazil Securities Commission (CVM) has published its 2026 Inspection and Supervisory Technical Meetings Plan, setting out how it will conduct on-site inspections and supervisory visits to capital markets participants. The plan is intended to strengthen risk-based supervision and increase the CVM’s physical presence with regulated entities. Prepared by the Strategic Risk Supervision Superintendence (SSR), the plan follows guidelines approved by the Governance and Risk Management Committee (CGR) in 2025, which supported creating the plan to increase transparency around the CVM’s on-site actions. Selection of entities to be inspected or visited will follow the risk management rules and methodology set out in CVM Resolution 53, with a focus on risk criteria, prioritisation and targeted interventions. Approved in November 2025, this first plan will apply exceptionally for one year covering 2026, aligned with the end of the Biennial Risk-Based Supervision Plan (SBR) 2025–2026. Future plans will be prepared and disclosed on a biennial basis, alongside an annual report to be published for the public.
Brazil Securities Commission (CVM) 2026-03-13
Brazil Securities Commission (CVM) launches 2026 Inspection and Supervisory Technical Meetings Plan to expand risk-based on-site supervision
The Brazil Securities Commission (CVM) has released its 2026 Inspection and Supervisory Technical Meetings Plan to enhance risk-based supervision and increase its physical presence with capital markets participants. Prepared by the Strategic Risk Supervision Superintendence, the plan follows guidelines from the Governance and Risk Management Committee and aligns with CVM Resolution 53. Approved in November 2025, this inaugural plan will apply for one year, with future plans to be biennial.