RIO DE JANEIRO, BRAZIL - Brazil's Securities and Exchange Commission (CVM) has put up for public hearing on Wednesday (15) a proposal to amend CVM Resolution 13, which contains the rules on registration, operations and disclosure of non-resident investor data in the country.
One of the main changes is the proposal that the non-resident investor - individuals, not companies - may operate in the Brazilian market without having to undergo a registration procedure at the CVM.
"The proposal is in line with other recent initiatives to simplify the access of non-resident investors to Brazil, by simplifying the rules and . . .