Aggregated News From Investment Management Regulators

CVM Judgment Session on 10/26


Please complete the required fields.

This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content in its original language here.

The  Securities and Exchange Commission (CVM) will hold tomorrow, Tuesday -feira ( 26 /10), at 15h,  trial session of the  Administrative Procedure Sanctioning  19957.011693 / 2017-41  (SP2 018/00420 , instituted  to determine  the responsibility of  Uniletra  Corretora de Câmbio, Títulos e Valores Mobiliários SA ,  Osman Mendes de Magalhães  and  Wender  Cunha de Paula  for deficiencies in the adoption and implementation, in the  referred brokerage , of internal procedures and controls  (infringement to article 3, caput ,  II, and to article 4, paragraph 5, I and II,  of  CVM Instruction 505 ). 

Access the  report  by Director  Alexandre Costa Rangel . 

More information 

The session is open to the public and will take place by videoconference. To follow up, just access the link: . Fill in ‘name’ and ’email’ to access the room (does not need to be full name). 

If none of the defendants or their respective attorneys-in-fact constituted in the records express their intention to participate in the session, this will be held in a restricted manner by means of voting in an electronic system, with no need for videoconferencing. 

Check out the details on  conducting trial sessions exclusively by videoconference  while the protective measures to deal with the public health emergency of international importance arising from the  coronavirus  (COVID-19) persist. 

Heads up 

The report available in this news may change after the trial session. 

Source link

Regulator Information

Abbreviation: CVM
Jurisdiction: Brazil

Recent Articles

Revision of Recommendation 25 – White Paper for Public Consultation

The Financial Action Task Force (FATF) is conducting a review of Recommendation 25 (R.25) on the transparency and beneficial ownership (BO) of legal arrangements....

ASIC warns super trustees to be transparent in their underperformance communications to members

ASIC today released the findings from its review of superannuation trustees’ communications with their members following the first annual performance test for MySuper products. The...

EBA replies to European  Commission’s call for advice on the Mortgage Credit Directive review

The European Banking Authority (EBA) published today an Opinion and Report in response to the European Commission’s Call for Advice (CfA) on the review of the Mortgage Credit Directive (MCD) .

Get the latest from Regulatory.News in your inbox!