The Comissão de Valores Mobiliários (CVM) is Brazil’s securities market regulator, established on December 7, 1976, by Law No. 6,385/76. The CVM is an independent administrative authority associated with the Ministry of Finance, tasked with overseeing, regulating, and developing Brazil’s securities market to ensure its proper functioning, fairness, and transparency.
Key Functions and Responsibilities
- Regulation and Supervision: The CVM regulates and supervises the Brazilian securities market to ensure compliance with legal standards, safeguarding investor interests and maintaining market integrity.
- Market Development: It plays a key role in developing the securities market through normative actions, aiming to enhance its structure and efficiency.
- Investor Protection: The CVM focuses on protecting investors by ensuring adequate disclosure of information and enforcing fair practices in the market.
