STRATEGIC WORKING GROUP SET UP BY CVM IN BRAZIL TO REGULATE THE MONETIZATION OF SECURITIES

THE BRAZILIAN SECURITIES REGULATORY AUTHORITY (CVM) ANNOUNCED THAT IT WOULD ESTABLISH AN EXPERIMENTAL SECURITIES REGIME WITHIN THE NEXT 60 DAYS, AND A WORKING GROUP WAS ESTABLISHED TO PROPOSE RULES AND REGULATIONS THAT WOULD FORM THE BASIS FOR REGULATING THE COUNTRY ' S SECURITIES MONETIZATION MARKET。