CVM has just put on public hearing two draft resolutions proposing relevant regulatory updates for autonomous investment agents (AAI) and for intermediation of securities transactions.
With regard to IFAs, the main innovations are:
- end of the exclusivity obligation with intermediaries;
- end of compulsory incorporation as simple companies;
- adoption of policies, rules and internal controls(compliance) for IFAs in certain situations.
According to the CVM, the new rules will make it easier to reach more clients, offer a wider range of products, hire professionals and raise funds.
In addition, disclosure rules on remuneration and conflicts of interest in securities trading are proposed, including qualitative information on remuneration and conflicts of interest and periodic statements.
Suggestions and comments should be sent to the CVM by 17.09.2021.
More details here.
The Capital Markets team at Barcellos Tucunduva Advogados remains at your disposal to clarify any doubts related to the above topic, at [email protected].
