The organization explained that the significance achieved by the issuances of financial trusts “given their importance, heterogeneity and significance” makes it necessary to establish more agile mechanisms for the procedures.
The National Securities Commission (CNV) set new requirements for financial trustsin order to satisfy the demand for “saver protection” in the capital market and highlighting the relevance of this instrument since it involves public savings.
In that sense, the organization explained that the significance achieved by the issuances of financial trusts “given their importance, heterogeneity and significance” makes it necessary, establish more agile mechanisms to the procedures applicable to requests for authorization of public offering of fiduciary securities, without this affecting any of the rights of the investing public.
These modifications are added to the comprehensive reform of the Financial Trust (FF) regime which was announced the previous week, adapting the regulation to market demands and international standards.
The regulations were approved by the Board of Directors after a process of public consultationtaking into account comments, opinions, proposals and suggestions received from citizens in general and various interested sectors in particular.
Financial trusts: what are the regulatory changes
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
