{"id":4651,"date":"2018-08-03T09:08:15","date_gmt":"2018-08-03T12:08:15","guid":{"rendered":"http:\/\/www.vivacquaadvogados.com\/?p=4651"},"modified":"2018-08-15T09:13:14","modified_gmt":"2018-08-15T12:13:14","slug":"brazilian-securities-commission-cvm-and-brazilian-association-of-financial-and-capital-markets-entities-anbima-new-investment-fund-supervision-improvement","status":"publish","type":"post","link":"https:\/\/www.vivacquaadvogados.com\/en\/brazilian-securities-commission-cvm-and-brazilian-association-of-financial-and-capital-markets-entities-anbima-new-investment-fund-supervision-improvement\/","title":{"rendered":"BRAZILIAN SECURITIES COMMISSION (\u201cCVM\u201d) AND BRAZILIAN ASSOCIATION OF FINANCIAL AND CAPITAL MARKETS ENTITIES (\u201cANBIMA\u201d) &#8211; NEW INVESTMENT FUND SUPERVISION IMPROVEMENT"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling gradient-container-1\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-margin-top:0px;--awb-margin-bottom:80px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;--awb-margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-text fusion-text-1\"><p style=\"text-align: left; font-size: 20px; line-height: 30px;\">On June 26th 2018, an Agreement was signed between the Brazilian Securities Commission (\u201cCVM\u201d) and the Brazilian Association of Financial and Capital Market Entities (\u201cANBIMA\u201d) to establish the rights and obligations of each entity with respect to the use of self regulation activities of the Brazilian investment funds industry.<\/p>\n<p style=\"text-align: left; font-size: 20px; line-height: 30px;\">The pillars of the Agreement are:<\/p>\n<p style=\"text-align: left; font-size: 20px; line-height: 30px;\">&#8211; regulation: strategic alignment between \u201cCVM\u201d and \u201cANBIMA\u201d aiming at the development and improvement of state rules and self-regulation of interest in common;<\/p>\n<p style=\"text-align: left; font-size: 20px; line-height: 30px;\">&#8211; supervision and enforcement: the search for optimization of state and private supervision and enforcement, in order to provide even greater focus by the \u201cCVM\u201d and \u201cANBIMA\u201d and reduce overlaps; and<\/p>\n<p style=\"text-align: left; font-size: 20px; line-height: 30px;\">&#8211; exchange of information: exchange of information between \u201cCVM\u201d and \u201cANBIMA\u201d related to the investment fund industries, including supervisory or enforcement procedures, as well as periodic, registration and performance information of investment funds.<\/p>\n<p style=\"text-align: left; font-size: 20px; line-height: 30px;\">The Agreement will be valid for a period of five (5) years, and may be renewed for equal and successive periods, by prior demonstration of the fulfillment of the goals established therein and the maintenance of the public interest for it.<\/p>\n<p style=\"text-align: left; font-size: 20px; line-height: 30px;\">More information can be found on the \u201cCVM\u201d website (<a href=\"http:\/\/www.cvm.gov.br\/\" target=\"_blank\" rel=\"noopener\">http:\/\/www.cvm.gov.br\/<\/a>).<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4651","post","type-post","status-publish","format-standard","hentry","category-publications"],"_links":{"self":[{"href":"https:\/\/www.vivacquaadvogados.com\/en\/wp-json\/wp\/v2\/posts\/4651\/"}],"collection":[{"href":"https:\/\/www.vivacquaadvogados.com\/en\/wp-json\/wp\/v2\/posts\/"}],"about":[{"href":"https:\/\/www.vivacquaadvogados.com\/en\/wp-json\/wp\/v2\/types\/post\/"}],"author":[{"embeddable":true,"href":"https:\/\/www.vivacquaadvogados.com\/en\/wp-json\/wp\/v2\/users\/1\/"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vivacquaadvogados.com\/en\/wp-json\/wp\/v2\/comments\/?post=4651"}],"version-history":[{"count":2,"href":"https:\/\/www.vivacquaadvogados.com\/en\/wp-json\/wp\/v2\/posts\/4651\/revisions\/"}],"predecessor-version":[{"id":4653,"href":"https:\/\/www.vivacquaadvogados.com\/en\/wp-json\/wp\/v2\/posts\/4651\/revisions\/4653\/"}],"wp:attachment":[{"href":"https:\/\/www.vivacquaadvogados.com\/en\/wp-json\/wp\/v2\/media\/?parent=4651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vivacquaadvogados.com\/en\/wp-json\/wp\/v2\/categories\/?post=4651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vivacquaadvogados.com\/en\/wp-json\/wp\/v2\/tags\/?post=4651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}