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The Board of the Securities and Exchange Commission (CVM), in a meeting on 5/23/2023, analyzed the proposal for the Term of Commitment of the Administrative Process (PA) CVM 19957.004454/2021-11 , presented by Massao Fabio Oya, in the capacity of administrator and member of the fiscal council of Banco do Estado do Rio Grande do Sul SA, prior to the initiation of a possible sanctioning administrative proceeding (PAS).
The Specialized Federal Prosecutor’s Office with the Autarchy (PFE-CVM) concluded that there was no legal impediment to carrying out the agreement.
After negotiations with the Term of Commitment Committee (CTC), the proponent undertook to pay the CVM R$ 331,500.00, in addition to ceasing to hold the position of administrator (director or member of the board of directors) or fiscal member of publicly-held company, for a period of one year , counting from 10 business days from the publication of this Term of Commitment, pursuant to art. 91 of CVM Resolution 45.
Therefore, the CTC understood that acceptance of the agreement was opportune and convenient.
The CVM Collegiate followed the CTC’s decision and accepted the Term of Commitment with Massao Fabio Oya.
PA CVM 19957.004454/2021-11 was introduced by the Superintendence of Relations with Companies (SEP) to investigate alleged breach of the duty of secrecy in relation to facts associated with the disclosure of confidential information, not yet made available to the market, to which it had access due to of the office or position held (possible violation of article 155, paragraph 1, of Law 6,404).
Access the term of commitment opinion .