The CVM regulates the securities market in Brazil, ensuring transparency, fairness, and investor protection. It oversees public companies, securities issuers, and intermediaries to foster confidence in the market.

• Registration: Public companies, securities issuers, and market participants must register with the CVM.
• Disclosure Requirements: Mandates timely and accurate disclosures of financial and operational information by public companies.
• Market Conduct: Prohibits insider trading, fraudulent practices, and market manipulation.
• Supervision and Enforcement: Conducts inspections and enforces compliance with securities regulations.

Established in 1976, the CVM has continuously adapted its regulatory framework to address market developments and global best practices.

• Financial Penalties: Significant fines for violations of securities regulations.
• Operational Restrictions: Non-compliance may result in trading suspensions or revocation of registrations.
• Reputational Harm: Breaches can erode trust among investors and stakeholders.

• Investor Confidence: Enhances trust in market transparency and fairness.
• Market Integrity: Promotes a stable and efficient securities market.
• Global Competitiveness: Aligns Brazil’s securities regulations with international standards.