CVM updates internal regulations and expands structure with the creation of new superintendencies

Source: PortaldoBitcoin Original Title: CVM updates internal regulations and expands structure with the creation of new superintendencies Original Link: https://portaldobitcoin.uol.com.br/cvm-atualiza-regimento-interno-e-amplia-estrutura-com-criacao-de-novas-superintendencias/ The Securities and Exchange Commission (CVM) published Resolution CVM No. 239, which updates the agency’s Internal Regulations to align with the changes outlined in Decree No. 12,787/2025. The new rules come into effect on the same date and enable one of the largest expansions of CVM’s organizational structure since its inception.

The decree, published in the Official Gazette of the Union on December 22, 2025, broadens the agency’s staff and functions, creating 35 new positions, in addition to establishing two new superintendencies. According to CVM, updating the internal regulations was a necessary condition for the changes to have practical effect on the institution’s operations.

According to CVM’s interim president, João Accioly, the measure represents a significant step forward in the institutional modernization process. “Decree 12,787 provides CVM with better conditions to perform its functions. This is the result of over a year of negotiation and coordination with the Federal Executive,” he stated.

New Superintendencies

Among the main changes is the creation of the Superintendence for Intelligence Development (SDI), focused on intensive use of technology, analysis of large volumes of data, and integration with external databases and public data. This area will also be responsible for initiatives involving artificial intelligence, governance, and data protection.

According to Accioly, the SDI will play a strategic role in integrating the activities of the other superintendencies, aiming to improve internal workflows and strengthen supervision and enforcement actions in the face of increasing sophistication of illicit activities in the capital markets.

Another innovation is the Superintendence for Market Supervision, Derivatives, and Systemic Risks (SMD). The new unit takes on responsibilities previously concentrated in the Superintendence for Market Relations and Intermediaries (SMI) and expands CVM’s scope of oversight over derivatives and the analysis of systemic and macroprudential risks.

“SMD will develop prudential supervision by mapping financial relationships among various market participants and their potential systemic impacts,” explained the interim president.

Strengthening Governance

The resolution also promotes the segregation of the Ombudsman and Inspector General structures, which are no longer linked to Internal Audit and now have their own autonomous units. This change follows recommendations from audits and good governance practices, as well as guidance from the Office of the Comptroller General of the Union (CGU), aiming to reinforce institutional integrity and transparency.

Additionally, the team of Technical Reporting Advisors for the Collegiate Body was expanded to support directors in process analysis. CVM expects that this measure will help reduce judgment times and provide faster responses to society.