In search of reducing the processes to operate in the capital market, the National Securities Commission established key changes for the fund industry.
The National Securities Commission (CNV) He took a new step in his regulatory modernization process by approving General Resolution No. 1064, which simplifies the regime applicable to the commercialization of common investment funds (FCIA). The measure is part of the deregulation policy promoted by the National Government, with the aim of facilitating access and energizing the capital market.
The new regulations make the technical and administrative demands more flexible for agents that place and distribute these financial instruments. In particular, The obligation to present the “Notice of Placement of Shares by alternative mechanisms” is eliminated through the remote procedure system (TAD), thus reducing the bureaucratic load for the operators of the sector.
Another relevant changes is the Elimination of the Annual Technical Opinion of Systems Audit, that until now it should be presented to validate the technological modalities used in the placement of quotapartes. From now on, it will be enough with an initial presentation, with the possibility of making additional reports only in case of relevant updates or changes in the systems used.
Besides, The report of the marketing modalities through the Financial Information Highway (AIF), with the aim of improving the traceability and transparency of the process is optimized.
The president of the CNV, Roberto E. Silva, highlighted the importance of this decision: “We continue working on processes and deregulation, in line with the national government, and pleases us as a directory of this CNV to announce measures such as these, which will facilitate and modernize the operation within the capital market.”
The norm also introduces details on the Use of computer platforms provided by third parties for the placement of share, An increasingly common practice in the context of digitalization of financial services.
With this new resolution, the CNV seeks not only to reduce costs and operational times, but also to generate a more agile and accessible environment for investors and market agents.
Source: Ambito
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