Regulatory Alerts2011-09-27
Added · Updated
CVM Instruction 505: Norms and Procedures for Securities Operations in Regulated Markets
CVM Instruction 505 establishes norms and procedures for securities operations in regulated markets, defining key terms such as intermediaries, special operators, and critical business processes. It mandates that intermediaries implement written internal rules and controls, appoint specific statutory directors for compliance and internal controls, and maintain updated client registries with audit trails. The instruction further regulates simplified registration for non-resident investors and requires annual reporting on internal control effectiveness and cybersecurity vulnerability assessments.
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