On Dec. 5, BVMF released supervision and communication standard.
BVMF BSM Supervisão de Mercados issued supervision and communication standards.
BVMF issued supervisory rule on the results and the dismissal of participants in regular audits as well as the procedures in order to request the extension of deadlines.
Also external Communication on the percentage of absence of orders for sanctioning and the criteria for selecting a sample of orders in regular audits from 2025 onwards.
Supervisory Rule
The supervisory rule is divided into nine sections, namely, BSM's ability to supervise and oversee participants with authorization to access the markets managed by B3.
Regular audits of performed on B3 listed and OTC participants, use results obtained in continuous joint data monitoring, and the procedures to request deadline extensions.
Also, reports on regular listed and OTC audits, assessment of compliance with delivery deadlines, and results and dismissal of B3 listed participants from regular audits.
Finally reported on audit processes not eligible for dismissal, and access maintenance.
Orders in Sanctions and Audits
Percentage of absence of orders for sanctioning measure is now 3%, for orders with greater than/equal to 3%, BSM will apply enforcement and disciplinary proceedings.
The criteria for selecting the sample of orders that will be used in regular audits is based BSM's risk-based supervision criteria and guidelines established in test roadmap.
Effectiveness
Supervisory rule effective as of BSM 2025 work program, revokes Cir 006/2024, and the sanctioning rule takes effect on Jan. 2, 2025, revokes Cir 002/2024, see #198066.
