Regulatory Alerts2014-10-25
CVM Instruction No. 395 of September 23, 2003
The Brazilian Securities and Exchange Commission (CVM) issued Instruction No. 395 to amend Instruction No. 387 by adding a new paragraph to Article 10. This amendment mandates that brokerage firms must attach copies of identity documents, tax registration numbers, and proof of residence for natural person clients, as well as corporate tax registration and bylaws for legal entity clients. The instruction entered into force on the date of its publication in the Official Gazette of the Union.
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