Regulatory Alerts2014-10-25
CVM Resolution No. 470 of July 22, 2004
The Brazilian Securities and Exchange Commission (CVM) issued Resolution No. 470 to amend the procedural rules of CVM Resolution No. 457/2002 regarding administrative inquiries. The amendment redefines the powers and duties of the Reporting Member, including authority over evidence production, and establishes specific protocols for the redistribution of cases when a Reporting Member is replaced or recused. Additionally, the resolution introduces a new article governing the President's participation in case assignment and revokes the previous Article 26 of the 2002 resolution.
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