Regulatory Alerts2014-10-25
CVM Resolution 142 (Revoked)
The Brazilian Securities and Exchange Commission (CVM) mandates that portfolio administrators must provide information regarding spot and derivatives market operations within 48 hours of a request. This requirement covers transactions executed for the administrator's own portfolio and for portfolios under their management, including respective custody positions. The CVM retains the authority to request any additional information it deems necessary for regulatory oversight.
CVM RESOLUTION NO. 142, OF FEBRUARY 4, 1992.
Provides for the duty of portfolio administrators of securities to provide the Securities and Exchange Commission with information regarding operations carried out in spot and derivatives markets.
THE PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION - CVM, makes public that
the Collegiate Body, in a meeting held on this date, in view of the provisions of item III, of Article 8 of LAW NO. 6,385, of December 7, 1976,
DELIBERATED:
I - Portfolio administrators of securities shall, within a period of 48 (forty-eight) hours, counted from the request made by the Securities and Exchange Commission, provide information regarding operations carried out in spot and derivatives markets, for their own portfolio and on behalf of a portfolio of securities under their administration, as well as their respective custody positions.
II - The Securities and Exchange Commission may request any other information it deems necessary.
III - This Resolution shall enter into force on the date of its publication in the Official Gazette of the Union.
Original signed by ARY OSWALDO MATTOS FILHO President