{"id":3089,"date":"2020-11-25T14:56:16","date_gmt":"2020-11-25T14:56:16","guid":{"rendered":"https:\/\/moreiramenezes.com.br\/?p=3089"},"modified":"2020-11-25T16:21:48","modified_gmt":"2020-11-25T16:21:48","slug":"newsletter-n74","status":"publish","type":"post","link":"https:\/\/moreiramenezes.com.br\/en\/newsletter-n74\/","title":{"rendered":"Newsletter N\u00b074"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"3089\" class=\"elementor elementor-3089\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3b0dd37a elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"3b0dd37a\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5068d6a4\" data-id=\"5068d6a4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5749ec5f elementor-widget elementor-widget-template\" data-id=\"5749ec5f\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"header\" data-elementor-id=\"16\" class=\"elementor elementor-16\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8b07cae elementor-section-content-middle elementor-section-full_width elementor-section-height-min-height elementor-section-height-default elementor-section-items-middle\" data-id=\"8b07cae\" data-element_type=\"section\" id=\"topo\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;sticky&quot;:&quot;top&quot;,&quot;sticky_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;],&quot;sticky_offset&quot;:0,&quot;sticky_effects_offset&quot;:0,&quot;sticky_anchor_link_offset&quot;:0}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-9efaada\" data-id=\"9efaada\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-41f2eca elementor-widget elementor-widget-image\" data-id=\"41f2eca\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/moreiramenezes.com.br\/en\/\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/logo-branco-1.svg\" class=\"attachment-large size-large wp-image-174\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-82d0d6b\" data-id=\"82d0d6b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b9d6616 elementor-view-stacked elementor-shape-square elementor-hidden-desktop elementor-hidden-tablet elementor-widget elementor-widget-icon\" data-id=\"b9d6616\" data-element_type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<a class=\"elementor-icon\" href=\"#elementor-action%3Aaction%3Dpopup%3Aopen%26settings%3DeyJpZCI6IjE4OTQiLCJ0b2dnbGUiOmZhbHNlfQ%3D%3D\">\n\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-bars\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M16 132h416c8.837 0 16-7.163 16-16V76c0-8.837-7.163-16-16-16H16C7.163 60 0 67.163 0 76v40c0 8.837 7.163 16 16 16zm0 160h416c8.837 0 16-7.163 16-16v-40c0-8.837-7.163-16-16-16H16c-8.837 0-16 7.163-16 16v40c0 8.837 7.163 16 16 16zm0 160h416c8.837 0 16-7.163 16-16v-40c0-8.837-7.163-16-16-16H16c-8.837 0-16 7.163-16 16v40c0 8.837 7.163 16 16 16z\"><\/path><\/svg>\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b06390e elementor-nav-menu__align-end elementor-hidden-mobile elementor-widget__width-auto elementor-nav-menu--dropdown-tablet elementor-nav-menu__text-align-aside elementor-nav-menu--toggle elementor-nav-menu--burger elementor-widget elementor-widget-nav-menu\" data-id=\"b06390e\" data-element_type=\"widget\" data-settings=\"{&quot;layout&quot;:&quot;horizontal&quot;,&quot;submenu_icon&quot;:{&quot;value&quot;:&quot;&lt;svg class=\\&quot;e-font-icon-svg e-fas-caret-down\\&quot; viewBox=\\&quot;0 0 320 512\\&quot; xmlns=\\&quot;http:\\\/\\\/www.w3.org\\\/2000\\\/svg\\&quot;&gt;&lt;path d=\\&quot;M31.3 192h257.3c17.8 0 26.7 21.5 14.1 34.1L174.1 354.8c-7.8 7.8-20.5 7.8-28.3 0L17.2 226.1C4.6 213.5 13.5 192 31.3 192z\\&quot;&gt;&lt;\\\/path&gt;&lt;\\\/svg&gt;&quot;,&quot;library&quot;:&quot;fa-solid&quot;},&quot;toggle&quot;:&quot;burger&quot;}\" data-no-translation=\"\" data-widget_type=\"nav-menu.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>.elementor-element-b06390e{display:none !important}<\/style>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f7ba297 elementor-nav-menu__align-end elementor-hidden-mobile elementor-widget__width-auto elementor-nav-menu--dropdown-tablet elementor-nav-menu__text-align-aside elementor-nav-menu--toggle elementor-nav-menu--burger elementor-widget elementor-widget-nav-menu\" data-id=\"f7ba297\" data-element_type=\"widget\" data-settings=\"{&quot;layout&quot;:&quot;horizontal&quot;,&quot;submenu_icon&quot;:{&quot;value&quot;:&quot;&lt;svg class=\\&quot;e-font-icon-svg e-fas-caret-down\\&quot; viewBox=\\&quot;0 0 320 512\\&quot; xmlns=\\&quot;http:\\\/\\\/www.w3.org\\\/2000\\\/svg\\&quot;&gt;&lt;path d=\\&quot;M31.3 192h257.3c17.8 0 26.7 21.5 14.1 34.1L174.1 354.8c-7.8 7.8-20.5 7.8-28.3 0L17.2 226.1C4.6 213.5 13.5 192 31.3 192z\\&quot;&gt;&lt;\\\/path&gt;&lt;\\\/svg&gt;&quot;,&quot;library&quot;:&quot;fa-solid&quot;},&quot;toggle&quot;:&quot;burger&quot;}\" data-no-translation=\"\" data-widget_type=\"nav-menu.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t<nav aria-label=\"Menu\" class=\"elementor-nav-menu--main elementor-nav-menu__container elementor-nav-menu--layout-horizontal e--pointer-underline e--animation-fade\">\n\t\t\t\t<ul id=\"menu-1-f7ba297\" class=\"elementor-nav-menu\"><li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2723\"><a href=\"https:\/\/moreiramenezes.com.br\/en\/quem-somos\/\" class=\"elementor-item\">About<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2718\"><a href=\"https:\/\/moreiramenezes.com.br\/en\/advocacia-de-negocios\/\" class=\"elementor-item\">Business Law<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2719\"><a href=\"https:\/\/moreiramenezes.com.br\/en\/areas-de-atuacao\/\" class=\"elementor-item\">Practice areas<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7186\"><a href=\"https:\/\/moreiramenezes.com.br\/en\/equipe\/\" class=\"elementor-item\">Team<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2722\"><a href=\"https:\/\/moreiramenezes.com.br\/en\/publicacoes\/\" class=\"elementor-item\">Publications<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2720\"><a href=\"https:\/\/moreiramenezes.com.br\/en\/contato\/\" class=\"elementor-item\">Contact<\/a><\/li>\n<li class=\"trp-language-switcher-container menu-item menu-item-type-post_type menu-item-object-language_switcher current-language-menu-item menu-item-2724\"><a href=\"https:\/\/moreiramenezes.com.br\/en\/wp-json\/wp\/v2\/posts\/3089\" class=\"elementor-item elementor-item-anchor\"><span data-no-translation><span class=\"trp-ls-language-name\">PT<\/span><\/span><\/a><\/li>\n<\/ul>\t\t\t<\/nav>\n\t\t\t\t\t<div class=\"elementor-menu-toggle\" role=\"button\" tabindex=\"0\" aria-label=\"Menu Toggle\" aria-expanded=\"false\">\n\t\t\t<svg aria-hidden=\"true\" role=\"presentation\" class=\"elementor-menu-toggle__icon--open e-font-icon-svg e-eicon-menu-bar\" viewbox=\"0 0 1000 1000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M104 333H896C929 333 958 304 958 271S929 208 896 208H104C71 208 42 237 42 271S71 333 104 333ZM104 583H896C929 583 958 554 958 521S929 458 896 458H104C71 458 42 487 42 521S71 583 104 583ZM104 833H896C929 833 958 804 958 771S929 708 896 708H104C71 708 42 737 42 771S71 833 104 833Z\"><\/path><\/svg><svg aria-hidden=\"true\" role=\"presentation\" class=\"elementor-menu-toggle__icon--close e-font-icon-svg e-eicon-close\" viewbox=\"0 0 1000 1000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M742 167L500 408 258 167C246 154 233 150 217 150 196 150 179 158 167 167 154 179 150 196 150 212 150 229 154 242 171 254L408 500 167 742C138 771 138 800 167 829 196 858 225 858 254 829L496 587 738 829C750 842 767 846 783 846 800 846 817 842 829 829 842 817 846 804 846 783 846 767 842 750 829 737L588 500 833 258C863 229 863 200 833 171 804 137 775 137 742 167Z\"><\/path><\/svg>\t\t\t<span class=\"elementor-screen-only\">Menu<\/span>\n\t\t<\/div>\n\t\t\t\t\t<nav class=\"elementor-nav-menu--dropdown elementor-nav-menu__container\" aria-hidden=\"true\">\n\t\t\t\t<ul id=\"menu-2-f7ba297\" class=\"elementor-nav-menu\"><li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2723\"><a href=\"https:\/\/moreiramenezes.com.br\/en\/quem-somos\/\" class=\"elementor-item\" tabindex=\"-1\">About<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2718\"><a href=\"https:\/\/moreiramenezes.com.br\/en\/advocacia-de-negocios\/\" class=\"elementor-item\" tabindex=\"-1\">Business Law<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2719\"><a href=\"https:\/\/moreiramenezes.com.br\/en\/areas-de-atuacao\/\" class=\"elementor-item\" tabindex=\"-1\">Practice areas<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7186\"><a href=\"https:\/\/moreiramenezes.com.br\/en\/equipe\/\" class=\"elementor-item\" tabindex=\"-1\">Team<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2722\"><a href=\"https:\/\/moreiramenezes.com.br\/en\/publicacoes\/\" class=\"elementor-item\" tabindex=\"-1\">Publications<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2720\"><a href=\"https:\/\/moreiramenezes.com.br\/en\/contato\/\" class=\"elementor-item\" tabindex=\"-1\">Contact<\/a><\/li>\n<li class=\"trp-language-switcher-container menu-item menu-item-type-post_type menu-item-object-language_switcher current-language-menu-item menu-item-2724\"><a href=\"https:\/\/moreiramenezes.com.br\/en\/wp-json\/wp\/v2\/posts\/3089\" class=\"elementor-item elementor-item-anchor\" tabindex=\"-1\"><span data-no-translation><span class=\"trp-ls-language-name\">PT<\/span><\/span><\/a><\/li>\n<\/ul>\t\t\t<\/nav>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fbb192d elementor-search-form--skin-full_screen elementor-widget__width-auto elementor-hidden-phone elementor-widget elementor-widget-search-form\" data-id=\"fbb192d\" data-element_type=\"widget\" data-settings=\"{&quot;skin&quot;:&quot;full_screen&quot;}\" data-widget_type=\"search-form.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<search role=\"search\">\n\t\t\t<form class=\"elementor-search-form\" action=\"https:\/\/moreiramenezes.com.br\/en\/\" method=\"get\" data-trp-original-action=\"https:\/\/moreiramenezes.com.br\/en\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-search-form__toggle\" tabindex=\"0\" role=\"button\">\n\t\t\t\t\t<div class=\"e-font-icon-svg-container\"><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-search\" viewbox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M505 442.7L405.3 343c-4.5-4.5-10.6-7-17-7H372c27.6-35.3 44-79.7 44-128C416 93.1 322.9 0 208 0S0 93.1 0 208s93.1 208 208 208c48.3 0 92.7-16.4 128-44v16.3c0 6.4 2.5 12.5 7 17l99.7 99.7c9.4 9.4 24.6 9.4 33.9 0l28.3-28.3c9.4-9.4 9.4-24.6.1-34zM208 336c-70.7 0-128-57.2-128-128 0-70.7 57.2-128 128-128 70.7 0 128 57.2 128 128 0 70.7-57.2 128-128 128z\"><\/path><\/svg><\/div>\t\t\t\t\t<span class=\"elementor-screen-only\">Search<\/span>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"elementor-search-form__container\">\n\t\t\t\t\t<label class=\"elementor-screen-only\" for=\"elementor-search-form-fbb192d\">Search<\/label>\n\n\t\t\t\t\t\n\t\t\t\t\t<input id=\"elementor-search-form-fbb192d\" placeholder=\"O que voc\u00ea procura?\" class=\"elementor-search-form__input\" type=\"search\" name=\"s\" value=\"\">\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t<div class=\"dialog-lightbox-close-button dialog-close-button\" role=\"button\" tabindex=\"0\">\n\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-eicon-close\" viewbox=\"0 0 1000 1000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M742 167L500 408 258 167C246 154 233 150 217 150 196 150 179 158 167 167 154 179 150 196 150 212 150 229 154 242 171 254L408 500 167 742C138 771 138 800 167 829 196 858 225 858 254 829L496 587 738 829C750 842 767 846 783 846 800 846 817 842 829 829 842 817 846 804 846 783 846 767 842 750 829 737L588 500 833 258C863 229 863 200 833 171 804 137 775 137 742 167Z\"><\/path><\/svg>\t\t\t\t\t\t<span class=\"elementor-screen-only\">Close this search box.<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n\t\t<\/search>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b48d99c e-grid-align-right elementor-widget__width-auto elementor-hidden-phone elementor-shape-rounded elementor-grid-0 elementor-widget elementor-widget-social-icons\" data-id=\"b48d99c\" data-element_type=\"widget\" data-widget_type=\"social-icons.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-social-icons-wrapper elementor-grid\">\n\t\t\t\t\t\t\t<span class=\"elementor-grid-item\">\n\t\t\t\t\t<a class=\"elementor-icon elementor-social-icon elementor-social-icon-facebook-f elementor-repeater-item-63028e9\" href=\"https:\/\/www.facebook.com\/moreiramenezesadvogados\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-screen-only\">Facebook-f<\/span>\n\t\t\t\t\t\t<svg class=\"e-font-icon-svg e-fab-facebook-f\" viewbox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M279.14 288l14.22-92.66h-88.91v-60.13c0-25.35 12.42-50.06 52.24-50.06h40.42V6.26S260.43 0 225.36 0c-73.22 0-121.08 44.38-121.08 124.72v70.62H22.89V288h81.39v224h100.17V288z\"><\/path><\/svg>\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t\t\t\t<span class=\"elementor-grid-item\">\n\t\t\t\t\t<a class=\"elementor-icon elementor-social-icon elementor-social-icon-linkedin-in elementor-repeater-item-bfbf4e8\" href=\"https:\/\/www.linkedin.com\/company\/moreira-menezes-martins-advogados\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-screen-only\">Linkedin-in<\/span>\n\t\t\t\t\t\t<svg class=\"e-font-icon-svg e-fab-linkedin-in\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M100.28 448H7.4V148.9h92.88zM53.79 108.1C24.09 108.1 0 83.5 0 53.8a53.79 53.79 0 0 1 107.58 0c0 29.7-24.1 54.3-53.79 54.3zM447.9 448h-92.68V302.4c0-34.7-.7-79.2-48.29-79.2-48.29 0-55.69 37.7-55.69 76.7V448h-92.78V148.9h89.08v40.8h1.3c12.4-23.5 42.69-48.3 87.88-48.3 94 0 111.28 61.9 111.28 142.3V448z\"><\/path><\/svg>\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t\t\t\t<span class=\"elementor-grid-item\">\n\t\t\t\t\t<a class=\"elementor-icon elementor-social-icon elementor-social-icon-instagram elementor-repeater-item-eded40c\" href=\"https:\/\/www.instagram.com\/moreiramenezesadv\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-screen-only\">Instagram<\/span>\n\t\t\t\t\t\t<svg class=\"e-font-icon-svg e-fab-instagram\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224.1 141c-63.6 0-114.9 51.3-114.9 114.9s51.3 114.9 114.9 114.9S339 319.5 339 255.9 287.7 141 224.1 141zm0 189.6c-41.1 0-74.7-33.5-74.7-74.7s33.5-74.7 74.7-74.7 74.7 33.5 74.7 74.7-33.6 74.7-74.7 74.7zm146.4-194.3c0 14.9-12 26.8-26.8 26.8-14.9 0-26.8-12-26.8-26.8s12-26.8 26.8-26.8 26.8 12 26.8 26.8zm76.1 27.2c-1.7-35.9-9.9-67.7-36.2-93.9-26.2-26.2-58-34.4-93.9-36.2-37-2.1-147.9-2.1-184.9 0-35.8 1.7-67.6 9.9-93.9 36.1s-34.4 58-36.2 93.9c-2.1 37-2.1 147.9 0 184.9 1.7 35.9 9.9 67.7 36.2 93.9s58 34.4 93.9 36.2c37 2.1 147.9 2.1 184.9 0 35.9-1.7 67.7-9.9 93.9-36.2 26.2-26.2 34.4-58 36.2-93.9 2.1-37 2.1-147.8 0-184.8zM398.8 388c-7.8 19.6-22.9 34.7-42.6 42.6-29.5 11.7-99.5 9-132.1 9s-102.7 2.6-132.1-9c-19.6-7.8-34.7-22.9-42.6-42.6-11.7-29.5-9-99.5-9-132.1s-2.6-102.7 9-132.1c7.8-19.6 22.9-34.7 42.6-42.6 29.5-11.7 99.5-9 132.1-9s102.7-2.6 132.1 9c19.6 7.8 34.7 22.9 42.6 42.6 11.7 29.5 9 99.5 9 132.1s2.7 102.7-9 132.1z\"><\/path><\/svg>\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3b557c8c elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"3b557c8c\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4e583fb6\" data-id=\"4e583fb6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-7d17f350 elementor-section-content-middle elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"7d17f350\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-4e736a61\" data-id=\"4e736a61\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-17828779 elementor-widget elementor-widget-image\" data-id=\"17828779\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/mmm-negativo.svg\" class=\"attachment-large size-large wp-image-2163\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-21cc952d\" data-id=\"21cc952d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7fef834b elementor-widget elementor-widget-heading\" data-id=\"7fef834b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Newsletter n\u00ba 74 | Novembro 2020<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4f0cb975 elementor-align-right elementor-mobile-align-left elementor-widget elementor-widget-button\" data-id=\"4f0cb975\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/11\/Newsletter-Moreira-Menezes-Martins-Advogados-no-74-novembro-2020.pdf\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-file-pdf\" viewbox=\"0 0 384 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M369.9 97.9L286 14C277 5 264.8-.1 252.1-.1H48C21.5 0 0 21.5 0 48v416c0 26.5 21.5 48 48 48h288c26.5 0 48-21.5 48-48V131.9c0-12.7-5.1-25-14.1-34zM332.1 128H256V51.9l76.1 76.1zM48 464V48h160v104c0 13.3 10.7 24 24 24h104v288H48zm250.2-143.7c-12.2-12-47-8.7-64.4-6.5-17.2-10.5-28.7-25-36.8-46.3 3.9-16.1 10.1-40.6 5.4-56-4.2-26.2-37.8-23.6-42.6-5.9-4.4 16.1-.4 38.5 7 67.1-10 23.9-24.9 56-35.4 74.4-20 10.3-47 26.2-51 46.2-3.3 15.8 26 55.2 76.1-31.2 22.4-7.4 46.8-16.5 68.4-20.1 18.9 10.2 41 17 55.8 17 25.5 0 28-28.2 17.5-38.7zm-198.1 77.8c5.1-13.7 24.5-29.5 30.4-35-19 30.3-30.4 35.7-30.4 35zm81.6-190.6c7.4 0 6.7 32.1 1.8 40.8-4.4-13.9-4.3-40.8-1.8-40.8zm-24.4 136.6c9.7-16.9 18-37 24.7-54.7 8.3 15.1 18.9 27.2 30.1 35.5-20.8 4.3-38.9 13.1-54.8 19.2zm131.6-5s-5 6-37.3-7.8c35.1-2.6 40.9 5.4 37.3 7.8z\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Download PDF<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4f4b876f elementor-reverse-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4f4b876f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4ca3faa5\" data-id=\"4ca3faa5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-2f07f037 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2f07f037\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-163fa2df\" data-id=\"163fa2df\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6114688 elementor-toc--minimized-on-tablet elementor-widget elementor-widget-table-of-contents\" data-id=\"6114688\" data-element_type=\"widget\" data-settings=\"{&quot;headings_by_tags&quot;:[&quot;h4&quot;],&quot;exclude_headings_by_selector&quot;:[],&quot;marker_view&quot;:&quot;bullets&quot;,&quot;icon&quot;:{&quot;value&quot;:&quot;fas fa-square-full&quot;,&quot;library&quot;:&quot;fa-solid&quot;,&quot;rendered_tag&quot;:&quot;&lt;svg class=\\&quot;e-font-icon-svg e-fas-square-full\\&quot; viewBox=\\&quot;0 0 512 512\\&quot; xmlns=\\&quot;http:\\\/\\\/www.w3.org\\\/2000\\\/svg\\&quot;&gt;&lt;path d=\\&quot;M512 512H0V0h512v512z\\&quot;&gt;&lt;\\\/path&gt;&lt;\\\/svg&gt;&quot;},&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;minimize_box&quot;:&quot;yes&quot;,&quot;minimized_on&quot;:&quot;tablet&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tIn this edition:\t\t\t<\/h4>\n\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__6114688\" aria-expanded=\"true\" aria-label=\"Open table of contents\"><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__6114688\" aria-expanded=\"true\" aria-label=\"Close table of contents\"><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-up\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M240.971 130.524l194.343 194.343c9.373 9.373 9.373 24.569 0 33.941l-22.667 22.667c-9.357 9.357-24.522 9.375-33.901.04L224 227.495 69.255 381.516c-9.379 9.335-24.544 9.317-33.901-.04l-22.667-22.667c-9.373-9.373-9.373-24.569 0-33.941L207.03 130.525c9.372-9.373 24.568-9.373 33.941-.001z\"><\/path><\/svg><\/div>\n\t\t\t\t\t<\/div>\n\t\t<div id=\"elementor-toc__6114688\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<svg class=\"elementor-toc__spinner eicon-animation-spin e-font-icon-svg e-eicon-loading\" aria-hidden=\"true\" viewbox=\"0 0 1000 1000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M500 975V858C696 858 858 696 858 500S696 142 500 142 142 304 142 500H25C25 237 238 25 500 25S975 237 975 500 763 975 500 975Z\"><\/path><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-674ba194 elementor-widget elementor-widget-spacer\" data-id=\"674ba194\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1e81c719 elementor-widget elementor-widget-heading\" data-id=\"1e81c719\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">CVM divulga an\u00e1lise de impacto regulat\u00f3rio sobre exclusividade dos agentes aut\u00f4nomos de investimento<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-451058ab elementor-widget elementor-widget-text-editor\" data-id=\"451058ab\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\"><span style=\"font-weight: 400;\">Em 23.11.2020 a Comiss\u00e3o de Valores Mobili\u00e1rios \u2013 CVM divulgou estudo de an\u00e1lise de impacto regulat\u00f3rio acerca da regra que exige v\u00ednculo de exclusividade entre agente aut\u00f4nomo de investimento e o intermedi\u00e1rio na distribui\u00e7\u00e3o de valores mobili\u00e1rios (\u201c<\/span><span style=\"font-weight: 400;\">Estudo<\/span><span style=\"font-weight: 400;\">\u201d). O Estudo foi elaborado pela Assessoria de An\u00e1lise Econ\u00f4mica e Gest\u00e3o de Riscos.<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">O requisito de exclusividade para agentes aut\u00f4nomos de investimento foi inserido na regula\u00e7\u00e3o de tal atividade por meio da Instru\u00e7\u00e3o CVM n\u00ba 497\/2011 que, em seu art. 13, \u00a74\u00ba, estabelece que \u201co agente aut\u00f4nomo de investimento que mantiver contrato com um intermedi\u00e1rio por meio de pessoa jur\u00eddica na forma do art. 2\u00ba n\u00e3o pode ser contratado diretamente por outro intermedi\u00e1rio\u201d.<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Segundo informado no Estudo, o objetivo da mencionada regra de exclusividade era evitar que a potencial multiplicidade de controles aos quais um agente aut\u00f4nomo de investimento pudesse estar sujeito acabasse atrapalhando a fiscaliza\u00e7\u00e3o desse participante por seu contratante (o intermedi\u00e1rio de mercado).<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">No referido estudo, a CVM procedeu \u00e0s seguintes atividades:<\/span><\/p><ol><li><span style=\"font-weight: 400;\">an\u00e1lise da evolu\u00e7\u00e3o hist\u00f3rica das normas diretamente ligadas \u00e0s atividades dos agentes aut\u00f4nomos de investimento;<br \/><\/span><\/li><li><span style=\"font-weight: 400;\">mapeamento dos registros de agentes aut\u00f4nomos de investimento e de intermedi\u00e1rios, bem como dos v\u00ednculos entre eles;<br \/><\/span><\/li><li><span style=\"font-weight: 400;\">an\u00e1lise das pr\u00e1ticas de mercado (como formas de remunera\u00e7\u00e3o e supervis\u00e3o) que n\u00e3o s\u00e3o prescritas de maneira taxativa na regula\u00e7\u00e3o;<br \/><\/span><\/li><li><span style=\"font-weight: 400;\">an\u00e1lise do hist\u00f3rico da conduta de agentes aut\u00f4nomos de investimento sob diferentes \u00f3ticas e direcionamento de uma alternativa (ou complemento) potencial para explicar a melhora observada na conduta destes participantes;<br \/><\/span><\/li><li><span style=\"font-weight: 400;\">an\u00e1lise do modelo de neg\u00f3cios conhecido como \u201cplataformas de arquitetura aberta\u201d adotado com sucesso por intermedi\u00e1rios, sua rela\u00e7\u00e3o com o conceito de mercados de dois lados e potenciais implica\u00e7\u00f5es destes para a configura\u00e7\u00e3o do setor de agentes aut\u00f4nomos de investimento;<br \/><\/span><\/li><li><span style=\"font-weight: 400;\">an\u00e1lise das regula\u00e7\u00f5es afins em algumas jurisdi\u00e7\u00f5es estrangeiras; e<br \/><\/span><\/li><li><span style=\"font-weight: 400;\">an\u00e1lise dos custos e benef\u00edcios em dois cen\u00e1rios distintos relativos \u00e0 regra de exclusividade de v\u00ednculo entre agentes aut\u00f4nomos de investimento e intermedi\u00e1rios.<\/span><\/li><\/ol><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Ao final, o Estudo conclui ser razo\u00e1vel a recomenda\u00e7\u00e3o de retirada do requisito regulat\u00f3rio de exclusividade da Instru\u00e7\u00e3o CVM n\u00ba 497\/2011, desde que a vincula\u00e7\u00e3o do agente aut\u00f4nomo de investimento a mais de um intermedi\u00e1rio ocorra de comum acordo entre os participantes envolvidos e potenciais conflitos sejam endere\u00e7ados nos contratos de presta\u00e7\u00e3o de servi\u00e7os.<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Maiores informa\u00e7\u00f5es, bem como a \u00edntegra do Estudo, podem ser encontradas no <\/span><i><span style=\"font-weight: 400;\">site<\/span><\/i><span style=\"font-weight: 400;\"> da CVM (www.cvm.gov.br).<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4ba62e9c elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"4ba62e9c\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-4d0ad59e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4d0ad59e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-49b3413d\" data-id=\"49b3413d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-74ac87b1 elementor-widget elementor-widget-heading\" data-id=\"74ac87b1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">CVM inicia processo de admiss\u00e3o de participantes ao Sandbox regulat\u00f3rio<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1202600a elementor-widget elementor-widget-text-editor\" data-id=\"1202600a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Em 03.11.2020 a Comiss\u00e3o de Valores Mobili\u00e1rios \u2013 CVM comunicou o in\u00edcio do processo de admiss\u00e3o de participantes para seu <\/span><i><span style=\"font-weight: 400;\">sandbox<\/span><\/i><span style=\"font-weight: 400;\"> regulat\u00f3rio, conforme regulamentado pela Instru\u00e7\u00e3o CVM n\u00ba 626\/2020 e pela Portaria CVM\/PTE n\u00ba 75\/2020 (\u201c<\/span><i><span style=\"font-weight: 400;\">Sandbox<\/span><\/i><span style=\"font-weight: 400;\"> Regulat\u00f3rio<\/span><span style=\"font-weight: 400;\">\u201d).<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">O <\/span><i><span style=\"font-weight: 400;\">Sandbox<\/span><\/i><span style=\"font-weight: 400;\"> Regulat\u00f3rio da CVM consiste em um ambiente regulat\u00f3rio experimental em que as pessoas jur\u00eddicas participantes poder\u00e3o receber autoriza\u00e7\u00f5es tempor\u00e1rias para testar modelos de neg\u00f3cios inovadores em atividades no mercado de valores mobili\u00e1rios.<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">A cria\u00e7\u00e3o do <\/span><i><span style=\"font-weight: 400;\">Sandbox<\/span><\/i><span style=\"font-weight: 400;\"> Regulat\u00f3rio tem por finalidade servir como instrumento para, dentre outros objetivos, (i) fomentar a inova\u00e7\u00e3o no mercado de capitais; (ii) diminuir custos e tempo de matura\u00e7\u00e3o para desenvolver produtos, servi\u00e7os e modelos de neg\u00f3cio inovadores; (iii) aumentar a visibilidade e tra\u00e7\u00e3o de modelos de neg\u00f3cio inovadores, com poss\u00edveis impactos positivos em sua atratividade para o capital de risco; (iv) aumentar a competi\u00e7\u00e3o entre prestadores de servi\u00e7os e fornecedores de produtos financeiros no mercado de valores mobili\u00e1rios; e (v) aprimorar o arcabou\u00e7o regulat\u00f3rio aplic\u00e1vel \u00e0s atividades regulamentadas.<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">No primeiro processo de admiss\u00e3o, a CVM selecionar\u00e1 7 participantes para o <\/span><i><span style=\"font-weight: 400;\">Sandbox<\/span><\/i><span style=\"font-weight: 400;\"> Regulat\u00f3rio, mediante os crit\u00e9rios de elegibilidade aplic\u00e1veis. Entretanto, a depender das propostas recebidas, a Autarquia poder\u00e1 aumentar excepcionalmente o n\u00famero de participantes.<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Caso as vagas n\u00e3o sejam suficientes para atender todas as propostas aptas \u00e0 admiss\u00e3o no <\/span><i><span style=\"font-weight: 400;\">Sandbox<\/span><\/i><span style=\"font-weight: 400;\"> Regulat\u00f3rio, a CVM utilizar\u00e1 os seguintes crit\u00e9rios de sele\u00e7\u00e3o e prioriza\u00e7\u00e3o de proponentes:<\/span><\/p><p>\u00a0<\/p><ol><li><span style=\"font-weight: 400;\">presen\u00e7a e relev\u00e2ncia de inova\u00e7\u00e3o tecnol\u00f3gica no modelo de neg\u00f3cio (pontua\u00e7\u00e3o de 0 a 4);\u00a0<br \/><\/span><\/li><li><span style=\"font-weight: 400;\">est\u00e1gio de desenvolvimento do neg\u00f3cio, privilegiando as atividades que j\u00e1 estejam em opera\u00e7\u00e3o ou prontas para entrar em opera\u00e7\u00e3o (pontua\u00e7\u00e3o de 0 a 4);<br \/><\/span><\/li><li><span style=\"font-weight: 400;\">magnitude do benef\u00edcio esperado para clientes e demais partes interessadas (pontua\u00e7\u00e3o de 0 a 4);<br \/><\/span><\/li><li><span style=\"font-weight: 400;\">potencial impacto ou contribui\u00e7\u00e3o para o desenvolvimento do mercado de valores mobili\u00e1rios (pontua\u00e7\u00e3o de 0 a 5);<br \/><\/span><\/li><li><span style=\"font-weight: 400;\">potencial de inclus\u00e3o financeira considerando, dentre outros aspectos, a amplia\u00e7\u00e3o do acesso do p\u00fablico ou a melhoria na qualidade do uso do produto ou servi\u00e7o (pontua\u00e7\u00e3o de 0 a 4);<br \/><\/span><\/li><li><span style=\"font-weight: 400;\">condu\u00e7\u00e3o do modelo de neg\u00f3cio inovador primariamente dentro do mercado de valores mobili\u00e1rios brasileiro, ainda que as atividades possam tamb\u00e9m se dar em outras jurisdi\u00e7\u00f5es (pontua\u00e7\u00e3o de 0 a 4);<br \/><\/span><\/li><li><span style=\"font-weight: 400;\">qualidade da proposta em rela\u00e7\u00e3o \u00e0 identifica\u00e7\u00e3o e mitiga\u00e7\u00e3o de riscos; presen\u00e7a de riscos n\u00e3o mitig\u00e1veis e\/ou considerados como riscos priorit\u00e1rios ou altos na Supervis\u00e3o Baseada em Riscos da CVM (pontua\u00e7\u00e3o de -5 a 4); e<br \/><\/span><\/li><li><span style=\"font-weight: 400;\">qualidade da proposta de plano de conting\u00eancia para descontinua\u00e7\u00e3o ordenada da atividade, incluindo o tratamento a ser dado a clientes, investidores ou partes interessadas em caso de descontinua\u00e7\u00e3o (pontua\u00e7\u00e3o de 1 a 4).<\/span><\/li><\/ol><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">O cronograma proposto pela CVM para o primeiro <\/span><i><span style=\"font-weight: 400;\">Sandbox<\/span><\/i><span style=\"font-weight: 400;\"> Regulat\u00f3rio \u00e9 o seguinte:<\/span><\/p><p>\u00a0<\/p><table><tbody><tr><td><p><b>Per\u00edodo<\/b><\/p><\/td><td><p><b>Etapa<\/b><\/p><\/td><\/tr><tr><td><p><span style=\"font-weight: 400;\">De 16.11.2020 a 15.01.2021<\/span><\/p><\/td><td><p><span style=\"font-weight: 400;\">Prazo para envio de propostas de participa\u00e7\u00e3o por meio do formul\u00e1rio eletr\u00f4nico de inscri\u00e7\u00e3o.<\/span><\/p><\/td><\/tr><tr><td><p><span style=\"font-weight: 400;\">De 18.01.2021 a 30.04.2021<\/span><\/p><\/td><td><p><span style=\"font-weight: 400;\">Prazo para an\u00e1lise de propostas e edi\u00e7\u00e3o de ato normativo que formalizar\u00e1 a admiss\u00e3o de participantes.<\/span><\/p><\/td><\/tr><tr><td><p><span style=\"font-weight: 400;\">03.05.2021<\/span><\/p><\/td><td><p><span style=\"font-weight: 400;\">Data estimada para in\u00edcio da participa\u00e7\u00e3o no <\/span><i><span style=\"font-weight: 400;\">Sandbox<\/span><\/i><span style=\"font-weight: 400;\"> Regulat\u00f3rio.<\/span><\/p><\/td><\/tr><\/tbody><\/table><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Importante registrar que os participantes admitidos no <\/span><i><span style=\"font-weight: 400;\">Sandbox<\/span><\/i><span style=\"font-weight: 400;\"> Regulat\u00f3rio da CVM estar\u00e3o sujeitos a regras de monitoramento pelo Comit\u00ea de <\/span><i><span style=\"font-weight: 400;\">Sandbox<\/span><\/i><span style=\"font-weight: 400;\">, de acordo com o art. 13 da Instru\u00e7\u00e3o CVM n\u00ba 626\/2020, assim como \u00e0 supervis\u00e3o pelas \u00e1reas t\u00e9cnicas da Autarquia.<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Para maiores detalhes sobre o <\/span><i><span style=\"font-weight: 400;\">Sandbox<\/span><\/i><span style=\"font-weight: 400;\"> Regulat\u00f3rio da CVM, confira a Newsletter Moreira Menezes, Martins n\u00ba 68 (maio\/2020).<\/span><\/p><p><br \/><span style=\"font-weight: 400;\">Maiores informa\u00e7\u00f5es, bem como o texto integral da Instru\u00e7\u00e3o CVM n\u00ba 626\/2020 e da Portaria CVM\/PTE n\u00ba 75\/2020, podem ser encontrados no <\/span><i><span style=\"font-weight: 400;\">site<\/span><\/i><span style=\"font-weight: 400;\"> da CVM (www.cvm.gov.br).<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-13bdb4a5 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"13bdb4a5\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-3842b00a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3842b00a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-2786c2f1\" data-id=\"2786c2f1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2dce2ac elementor-widget elementor-widget-heading\" data-id=\"2dce2ac\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">CMN e Bacen regulamentam o Sandbox regulat\u00f3rio<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-286059c5 elementor-widget elementor-widget-text-editor\" data-id=\"286059c5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Em 26.10.2020 o Conselho Monet\u00e1rio Nacional \u2013 CMN e o Banco Central do Brasil \u2013 BACEN editaram a Resolu\u00e7\u00e3o Conjunta n\u00ba 4.865\/2020, que estabelece as diretrizes para funcionamento do \u201cAmbiente Controlado de Testes para Inova\u00e7\u00f5es Financeiras e de Pagamento\u201d (\u201c<\/span><i><span style=\"font-weight: 400;\">Sandbox<\/span><\/i><span style=\"font-weight: 400;\"> Regulat\u00f3rio do BACEN<\/span><span style=\"font-weight: 400;\">\u201d) e as condi\u00e7\u00f5es para o fornecimento de produtos e servi\u00e7os nesse ambiente (\u201c<\/span><span style=\"font-weight: 400;\">Resolu\u00e7\u00e3o<\/span><span style=\"font-weight: 400;\">\u201d).<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Segundo a Resolu\u00e7\u00e3o, o <\/span><i><span style=\"font-weight: 400;\">Sandbox<\/span><\/i><span style=\"font-weight: 400;\"> Regulat\u00f3rio do BACEN \u00e9 ambiente em que entidades s\u00e3o autorizadas pelo BACEN e pelo CMN para testar, por per\u00edodo determinado, projeto inovador na \u00e1rea financeira ou de pagamentos, observando um conjunto espec\u00edfico de disposi\u00e7\u00f5es regulamentares que amparam a realiza\u00e7\u00e3o controlada e delimitada de suas atividades.\u00a0<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Os principais objetivos da implementa\u00e7\u00e3o do <\/span><i><span style=\"font-weight: 400;\">Sandbox<\/span><\/i><span style=\"font-weight: 400;\"> Regulat\u00f3rio do BACEN s\u00e3o:<\/span><\/p><ol><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">estimular a inova\u00e7\u00e3o e a diversidade de modelos de neg\u00f3cio no Sistema Financeiro Nacional e no Sistema de Pagamentos Brasileiro;<\/span><\/li><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">aumentar a efici\u00eancia e reduzir custos no Sistema Financeiro Nacional e no Sistema de Pagamentos Brasileiro;<\/span><\/li><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">promover a concorr\u00eancia e a inclus\u00e3o financeira;<\/span><\/li><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">atender \u00e0s necessidades dos usu\u00e1rios finais, em especial a liberdade de escolha, seguran\u00e7a, prote\u00e7\u00e3o de seus interesses econ\u00f4micos, transpar\u00eancia na presta\u00e7\u00e3o de servi\u00e7os e na cobran\u00e7a de tarifas, tratamento n\u00e3o discriminat\u00f3rio, privacidade e prote\u00e7\u00e3o de dados pessoais e do sigilo banc\u00e1rio, acesso a informa\u00e7\u00f5es claras e completas e a condi\u00e7\u00f5es adequadas de fornecimento de produtos e de servi\u00e7os;<\/span><\/li><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">aumentar a confiabilidade, qualidade e seguran\u00e7a dos produtos e servi\u00e7os;<\/span><\/li><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">aprimorar a regulamenta\u00e7\u00e3o de assuntos de compet\u00eancia do CMN e do BACEN; e<\/span><\/li><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">aprimorar os processos de supervis\u00e3o do BACEN.<\/span><\/li><\/ol><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">O <\/span><i><span style=\"font-weight: 400;\">Sandbox<\/span><\/i><span style=\"font-weight: 400;\"> Regulat\u00f3rio ser\u00e1 operacionalizado por meio de ciclos, que ter\u00e3o dura\u00e7\u00e3o de um ano, prorrog\u00e1veis uma \u00fanica vez por igual per\u00edodo. O mencionado prazo poder\u00e1 ser prorrogado, ainda, com a finalidade de se aguardar: (i) a edi\u00e7\u00e3o de regulamenta\u00e7\u00e3o espec\u00edfica para o produto ou o servi\u00e7o fornecido pelo participante; ou (ii) a conclus\u00e3o de processo de autoriza\u00e7\u00e3o definitiva do participante.\u00a0<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Nos termos da Resolu\u00e7\u00e3o ser\u00e3o considerados:<\/span><\/p><ol><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">participante<\/span><span style=\"font-weight: 400;\">: pessoa jur\u00eddica autorizada pelo BACEN a executar projeto inovador no <\/span><i><span style=\"font-weight: 400;\">Sandbox<\/span><\/i><span style=\"font-weight: 400;\"> Regulat\u00f3rio; e<\/span><\/li><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">projeto inovador<\/span><span style=\"font-weight: 400;\">: produto ou servi\u00e7o experimental no \u00e2mbito do Sistema Financeiro Nacional ou do Sistema de Pagamentos Brasileiro, que atenda aos seguintes requisitos: (a) empregue inova\u00e7\u00e3o tecnol\u00f3gica ou promova uso alternativo de tecnologia j\u00e1 existente; e (b) promova aprimoramentos, tais como ganhos de efici\u00eancia, alcance ou capilaridade, redu\u00e7\u00e3o de custos ou aumento de seguran\u00e7a.<\/span><\/li><\/ol><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">O processo de participa\u00e7\u00e3o no <\/span><i><span style=\"font-weight: 400;\">Sandbox<\/span><\/i><span style=\"font-weight: 400;\"> Regulat\u00f3rio ter\u00e1 in\u00edcio por meio de ato normativo do BACEN, que conter\u00e1 regras espec\u00edficas contemplando os seguintes aspectos:\u00a0<\/span><\/p><ol><li><span style=\"font-weight: 400;\">per\u00edodo de dura\u00e7\u00e3o, respeitado o prazo m\u00e1ximo de 1 ano por ciclo, prorrog\u00e1vel uma vez por igual per\u00edodo;\u00a0<\/span><\/li><li><span style=\"font-weight: 400;\">n\u00famero m\u00e1ximo de participantes, quando houver necessidade de limita\u00e7\u00e3o, em raz\u00e3o da capacidade operacional do BACEN ou de outra circunst\u00e2ncia relevante;<\/span><\/li><li><span style=\"font-weight: 400;\">\u00e1rea de concentra\u00e7\u00e3o tem\u00e1tica dos projetos, quando houver interesse em estimular projetos inovadores relacionados com determinadas prioridades estrat\u00e9gicas do BACEN;<\/span><\/li><li><span style=\"font-weight: 400;\">documenta\u00e7\u00e3o necess\u00e1ria para inscri\u00e7\u00e3o; e<\/span><\/li><li><span style=\"font-weight: 400;\">cronograma das fases de inscri\u00e7\u00e3o e de autoriza\u00e7\u00e3o.<\/span><\/li><\/ol><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Maiores informa\u00e7\u00f5es, bem como o texto integral da Resolu\u00e7\u00e3o, podem ser encontrados no <\/span><i><span style=\"font-weight: 400;\">site<\/span><\/i><span style=\"font-weight: 400;\"> do BACEN (www.bcb.gov.br).<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1db0292d elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"1db0292d\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-19b5828e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"19b5828e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-5223022c\" data-id=\"5223022c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1eeb6826 elementor-widget elementor-widget-heading\" data-id=\"1eeb6826\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">CVM divulga of\u00edcio sobre prorroga\u00e7\u00e3o do uso da vers\u00e3o 16.0 do sistema Empresas.Net<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3726d7b4 elementor-widget elementor-widget-text-editor\" data-id=\"3726d7b4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Em 29.10.2020 a Superintend\u00eancia de Rela\u00e7\u00f5es com Empresas \u2013 SEP da Comiss\u00e3o de Valores Mobili\u00e1rios \u2013 CVM divulgou o Of\u00edcio Circular n\u00ba 10\/2020\/CVM\/SEP, que tem por objetivo informar \u00e0s companhias abertas e estrangeiras a prorroga\u00e7\u00e3o da utiliza\u00e7\u00e3o da vers\u00e3o 16.0 do Sistema Empresas.NET para o envio de informa\u00e7\u00f5es \u00e0 CVM (\u201c<\/span><span style=\"font-weight: 400;\">Of\u00edcio<\/span><span style=\"font-weight: 400;\">\u201d).<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">No Of\u00edcio, a SEP informa que o envio do formul\u00e1rio do 3\u00ba ITR pelas institui\u00e7\u00f5es financeiras e companhias abertas continua sendo poss\u00edvel por meio da vers\u00e3o 16.0 do Sistema Empresas.NET, utilizando o plano de contas disponibilizado em tal vers\u00e3o.<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">A SEP tamb\u00e9m recomenda que a vers\u00e3o 17.0 seja utilizada sempre que poss\u00edvel, em raz\u00e3o das melhorias da nova vers\u00e3o do Sistema (conforme noticiadas em nossa Newsletter Moreira Menezes, Martins n\u00ba 73 (outubro\/2020)).<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">D\u00favidas referentes \u00e0 instala\u00e7\u00e3o, utiliza\u00e7\u00e3o e funcionamento do Sistema Empresas.NET, assim como o relato de problemas ou dificuldades no envio de documentos, devem ser encaminhados \u00e0 Superintend\u00eancia de Emissores da B3, preferencialmente para o endere\u00e7o de e-mail \u201cemissores.empresas@b3.com.br\u201d.<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Maiores informa\u00e7\u00f5es, bem como o texto integral do Of\u00edcio, podem ser encontradas no <\/span><i><span style=\"font-weight: 400;\">site<\/span><\/i><span style=\"font-weight: 400;\"> da CVM (http:\/\/www.cvm.gov.br).<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-322ef3ca elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"322ef3ca\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-309ae3ee elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"309ae3ee\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-4494e3b3\" data-id=\"4494e3b3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-19891601 elementor-widget elementor-widget-heading\" data-id=\"19891601\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Jurisprud\u00eancia<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-17573fb0 elementor-widget elementor-widget-heading\" data-id=\"17573fb0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">&gt;&gt; Superior Tribunal de Justi\u00e7a<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-37fc870e elementor-widget elementor-widget-text-editor\" data-id=\"37fc870e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">RECURSO ESPECIAL. DIREITO CIVIL E PROCESSUAL CIVIL. A\u00c7\u00c3O DE RESOLU\u00c7\u00c3O DE CONTRATO COM PEDIDO DE RESTITUI\u00c7\u00c3O DE VALORES PAGOS. COMPRA E VENDA DE IM\u00d3VEL (LOTE) GARANTIDA MEDIANTE ALIENA\u00c7\u00c3O FIDUCI\u00c1RIA EM GARANTIA. AUS\u00caNCIA DE CULPA DO VENDEDOR. DESINTERESSE DO ADQUIRENTE.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">1. Controv\u00e9rsia acerca do direito do comprador de im\u00f3vel (lote), adquirido mediante compra e venda com pacto adjeto de aliena\u00e7\u00e3o fiduci\u00e1ria em garantia, pedir a resolu\u00e7\u00e3o do contrato com devolu\u00e7\u00e3o dos valores pagos, n\u00e3o por fato imput\u00e1vel \u00e0 vendedora, mas, em face da insuportabilidade das presta\u00e7\u00f5es a que se obrigou.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">2. A efetividade da aliena\u00e7\u00e3o fiduci\u00e1ria de bens im\u00f3veis decorre da contund\u00eancia dimanada da propriedade resol\u00favel em benef\u00edcio do credor com a possibilidade de realiza\u00e7\u00e3o extrajudicial do seu cr\u00e9dito.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">3. O inadimplemento, referido pelas disposi\u00e7\u00f5es dos arts. 26 e 27 da Lei 9.514\/97, n\u00e3o pode ser interpretado restritivamente \u00e0 mera n\u00e3o realiza\u00e7\u00e3o do pagamento no tempo, modo e lugar convencionados (mora), devendo ser entendido, tamb\u00e9m, como o comportamento contr\u00e1rio \u00e0 manuten\u00e7\u00e3o do contrato ou ao direito do credor fiduci\u00e1rio.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">4. O pedido de resolu\u00e7\u00e3o do contrato de compra e venda com pacto de aliena\u00e7\u00e3o fiduci\u00e1ria em garantia por desinteresse do adquirente, mesmo que ainda n\u00e3o tenha havido mora no pagamento das presta\u00e7\u00f5es, configura quebra antecipada do contrato (&#8220;antecipatory breach&#8221;), decorrendo da\u00ed a possibilidade de aplica\u00e7\u00e3o do disposto nos 26 e 27 da Lei 9.514\/97 para a satisfa\u00e7\u00e3o da d\u00edvida garantida fiduciariamente e devolu\u00e7\u00e3o do que sobejar ao adquirente. 5. RECURSO ESPECIAL PROVIDO.<\/span><\/p><p><span style=\"font-weight: 400;\">(Superior Tribunal de Justi\u00e7a. REsp n\u00ba 1.867.209\/SP. Relator Ministro Paulo de Tarso Sanseverino, Terceira Turma, jul. em 8 de set. 2020 e publicado no DJe 30 de set. 2020).<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">RECURSO ESPECIAL. DIREITO CIVIL. A\u00c7\u00c3O DE COBRAN\u00c7A DE COTAS CONDOMINIAIS. CESS\u00c3O DE CR\u00c9DITO. NATUREZA JUR\u00cdDICA. PRESERVA\u00c7\u00c3O.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">1. Recurso especial interposto contra ac\u00f3rd\u00e3o publicado na vig\u00eancia do C\u00f3digo de Processo Civil de 2015 (Enunciados Administrativos n\u00bas 2 e 3\/STJ).\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">2. Tanto a natureza propter rem das d\u00edvidas relativas a cotas condominiais quanto as prerrogativas conferidas ao titular desse tipo de cr\u00e9dito decorrem de lei, que leva em conta a situa\u00e7\u00e3o especial do credor e o interesse prevalecente da coletividade, que necessita obter os recursos necess\u00e1rios para pagamento de despesas indispens\u00e1veis e inadi\u00e1veis.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">3. O Supremo Tribunal Federal, ap\u00f3s reconhecer a exist\u00eancia de repercuss\u00e3o geral da mat\u00e9ria atinente \u00e0 &#8220;transmuda\u00e7\u00e3o da natureza de precat\u00f3rio alimentar em normal em virtude de cess\u00e3o do direito nele estampado&#8221; (Tema n\u00ba 361\/STF), decidiu que a cess\u00e3o de cr\u00e9dito n\u00e3o implica a altera\u00e7\u00e3o da sua natureza.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">4. Ainda que as prerrogativas concedidas ao detentor de cr\u00e9dito alimentar contra a Fazenda P\u00fablica sejam inerentes \u00e0 natureza da d\u00edvida, visam elas proteger, em \u00faltima an\u00e1lise, a pessoa do credor, \u00e0 semelhan\u00e7a das prefer\u00eancias legais conferidas aos detentores de cr\u00e9dito trabalhista ou condominial, a justificar, desse modo, a aplica\u00e7\u00e3o da mesma tese jur\u00eddica.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">5. Hip\u00f3tese em que a transmuta\u00e7\u00e3o da natureza do cr\u00e9dito cedido viria em preju\u00edzo dos pr\u00f3prios condom\u00ednios, que se valem da cess\u00e3o de seus cr\u00e9ditos como meio de obten\u00e7\u00e3o de recursos financeiros necess\u00e1rios ao custeio das despesas de conserva\u00e7\u00e3o da coisa, desonerando, assim, os demais cond\u00f4minos que mant\u00eam as suas obriga\u00e7\u00f5es em dia.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">6. Na atividade de securitiza\u00e7\u00e3o de cr\u00e9ditos condominiais, os Fundos de Investimento em Direitos Credit\u00f3rios (FIDCs) valem-se do instituto da cess\u00e3o de cr\u00e9ditos, regulado pelos arts. 286 e seguintes do C\u00f3digo Civil, e, ao efetuarem o pagamento das cotas condominiais inadimplidas, sub-rogam-se na mesma posi\u00e7\u00e3o do condom\u00ednio cedente, com todas as prerrogativas legais a ele conferidas.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">7. Recurso especial provido.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">(Superior Tribunal de Justi\u00e7a. REsp n\u00ba 1.570.452\/RJ. Relator Ministro Ricardo Villas B\u00f4as Cueva, Terceira Turma, jul. em 22 de set. 2020 e publicado no DJe 28 de set. 2020).<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1c13be65 elementor-widget elementor-widget-heading\" data-id=\"1c13be65\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-heading-title elementor-size-default\">A Newsletter Moreira Menezes, Martins Advogados \u00e9 uma publica\u00e7\u00e3o exclusivamente informativa, n\u00e3o devendo ser considerada, para quaisquer fins, como opini\u00e3o legal, sugest\u00e3o ou orienta\u00e7\u00e3o emitida pelo Escrit\u00f3rio.<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-43f998af elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"43f998af\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c3dfad7\" data-id=\"c3dfad7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-184b8d1c elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"184b8d1c\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-square-full\" viewbox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M512 512H0V0h512v512z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">latest news<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b7d6390 elementor-widget elementor-widget-spacer\" data-id=\"7b7d6390\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3ad11c74 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"3ad11c74\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-47af5611\" data-id=\"47af5611\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-664be007 elementor-widget elementor-widget-template\" data-id=\"664be007\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"footer\" data-elementor-id=\"36\" class=\"elementor elementor-36\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2ff453d elementor-section-content-middle elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"2ff453d\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;sticky&quot;:&quot;top&quot;,&quot;sticky_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;],&quot;sticky_offset&quot;:0,&quot;sticky_effects_offset&quot;:0,&quot;sticky_anchor_link_offset&quot;:0}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9ddc2b2\" data-id=\"9ddc2b2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-b5faca0 elementor-section-content-middle elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"b5faca0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-38de382\" data-id=\"38de382\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6ab8b9c elementor-widget-tablet__width-initial elementor-widget elementor-widget-image\" data-id=\"6ab8b9c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"400\" height=\"221\" src=\"https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/logotipo-mmm_400px_.png\" class=\"attachment-large size-large wp-image-18\" alt=\"\" srcset=\"https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/logotipo-mmm_400px_.png 400w, https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/logotipo-mmm_400px_-300x166.png 300w\" sizes=\"(max-width: 400px) 100vw, 400px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-d759d74\" data-id=\"d759d74\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5888a61 elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"5888a61\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/chambers.com\/law-firm\/moreira-menezes-martins-advogados-95:22819741\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"252\" src=\"https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/CHAMBERS-RANKED-2025-300x252.png\" class=\"attachment-medium size-medium wp-image-9495\" alt=\"\" srcset=\"https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/CHAMBERS-RANKED-2025-300x252.png 300w, https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/CHAMBERS-RANKED-2025-14x12.png 14w, https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/CHAMBERS-RANKED-2025.png 600w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a216b3 elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"6a216b3\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.legal500.com\/firms\/233614-moreira-menezes-martins-advogados\/233365-rio-de-janeiro-brazil\/\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"154\" src=\"https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/legal-300x154.png\" class=\"attachment-medium size-medium wp-image-9774\" alt=\"\" srcset=\"https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/legal-300x154.png 300w, https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/legal-768x395.png 768w, https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/legal-18x9.png 18w, https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/legal.png 778w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b954d5 elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"7b954d5\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.iflr1000.com\/Firm\/Moreira-Menezes-Martins-Brazil\/Profile\/40893#rankings\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/ranked-firm-150x150.png\" class=\"attachment-thumbnail size-thumbnail wp-image-9775\" alt=\"\" srcset=\"https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/ranked-firm-150x150.png 150w, https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/ranked-firm-300x300.png 300w, https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/ranked-firm-12x12.png 12w, https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/ranked-firm.png 550w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-024c3e6 elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"024c3e6\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.iflr1000.com\/Firm\/Moreira-Menezes-Martins-Brazil\/Profile\/40893#rankings\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"403\" src=\"https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2026\/01\/download-768x403.png\" class=\"attachment-medium_large size-medium_large wp-image-9887\" alt=\"\" srcset=\"https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2026\/01\/download-768x403.png 768w, https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2026\/01\/download-300x158.png 300w, https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2026\/01\/download-1024x538.png 1024w, https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2026\/01\/download-18x9.png 18w, https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2026\/01\/download.png 1200w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-e2875fc elementor-nav-menu__align-start elementor-hidden-tablet elementor-hidden-mobile elementor-nav-menu--dropdown-tablet elementor-nav-menu__text-align-aside elementor-nav-menu--toggle elementor-nav-menu--burger elementor-widget elementor-widget-nav-menu\" data-id=\"e2875fc\" data-element_type=\"widget\" data-settings=\"{&quot;layout&quot;:&quot;horizontal&quot;,&quot;submenu_icon&quot;:{&quot;value&quot;:&quot;&lt;svg class=\\&quot;e-font-icon-svg e-fas-caret-down\\&quot; viewBox=\\&quot;0 0 320 512\\&quot; xmlns=\\&quot;http:\\\/\\\/www.w3.org\\\/2000\\\/svg\\&quot;&gt;&lt;path d=\\&quot;M31.3 192h257.3c17.8 0 26.7 21.5 14.1 34.1L174.1 354.8c-7.8 7.8-20.5 7.8-28.3 0L17.2 226.1C4.6 213.5 13.5 192 31.3 192z\\&quot;&gt;&lt;\\\/path&gt;&lt;\\\/svg&gt;&quot;,&quot;library&quot;:&quot;fa-solid&quot;},&quot;toggle&quot;:&quot;burger&quot;}\" data-widget_type=\"nav-menu.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t<nav aria-label=\"Menu\" class=\"elementor-nav-menu--main elementor-nav-menu__container elementor-nav-menu--layout-horizontal e--pointer-text e--animation-none\">\n\t\t\t\t<ul id=\"menu-1-e2875fc\" class=\"elementor-nav-menu\"><li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-61\"><a href=\"https:\/\/moreiramenezes.com.br\/en\/quem-somos\/\" class=\"elementor-item\">about us<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-56\"><a href=\"https:\/\/moreiramenezes.com.br\/en\/advocacia-de-negocios\/\" class=\"elementor-item\">Business Law<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-57\"><a href=\"https:\/\/moreiramenezes.com.br\/en\/areas-de-atuacao\/\" class=\"elementor-item\">Practice Areas<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7185\"><a href=\"https:\/\/moreiramenezes.com.br\/en\/equipe\/\" class=\"elementor-item\">Team<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-60\"><a href=\"https:\/\/moreiramenezes.com.br\/en\/publicacoes\/\" class=\"elementor-item\">Publications<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-58\"><a href=\"https:\/\/moreiramenezes.com.br\/en\/contato\/\" class=\"elementor-item\">Contact<\/a><\/li>\n<li class=\"trp-language-switcher-container menu-item menu-item-type-post_type menu-item-object-language_switcher current-language-menu-item menu-item-2727\"><a href=\"https:\/\/moreiramenezes.com.br\/en\/wp-json\/wp\/v2\/posts\/3089\" class=\"elementor-item elementor-item-anchor\"><span data-no-translation><span class=\"trp-ls-language-name\">EN<\/span><\/span><\/a><\/li>\n<\/ul>\t\t\t<\/nav>\n\t\t\t\t\t<div class=\"elementor-menu-toggle\" role=\"button\" tabindex=\"0\" aria-label=\"Menu Toggle\" aria-expanded=\"false\">\n\t\t\t<svg aria-hidden=\"true\" role=\"presentation\" class=\"elementor-menu-toggle__icon--open e-font-icon-svg e-eicon-menu-bar\" viewbox=\"0 0 1000 1000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M104 333H896C929 333 958 304 958 271S929 208 896 208H104C71 208 42 237 42 271S71 333 104 333ZM104 583H896C929 583 958 554 958 521S929 458 896 458H104C71 458 42 487 42 521S71 583 104 583ZM104 833H896C929 833 958 804 958 771S929 708 896 708H104C71 708 42 737 42 771S71 833 104 833Z\"><\/path><\/svg><svg aria-hidden=\"true\" role=\"presentation\" class=\"elementor-menu-toggle__icon--close e-font-icon-svg e-eicon-close\" viewbox=\"0 0 1000 1000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M742 167L500 408 258 167C246 154 233 150 217 150 196 150 179 158 167 167 154 179 150 196 150 212 150 229 154 242 171 254L408 500 167 742C138 771 138 800 167 829 196 858 225 858 254 829L496 587 738 829C750 842 767 846 783 846 800 846 817 842 829 829 842 817 846 804 846 783 846 767 842 750 829 737L588 500 833 258C863 229 863 200 833 171 804 137 775 137 742 167Z\"><\/path><\/svg>\t\t\t<span class=\"elementor-screen-only\">Menu<\/span>\n\t\t<\/div>\n\t\t\t\t\t<nav class=\"elementor-nav-menu--dropdown elementor-nav-menu__container\" aria-hidden=\"true\">\n\t\t\t\t<ul id=\"menu-2-e2875fc\" class=\"elementor-nav-menu\"><li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-61\"><a href=\"https:\/\/moreiramenezes.com.br\/en\/quem-somos\/\" class=\"elementor-item\" tabindex=\"-1\">about us<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-56\"><a href=\"https:\/\/moreiramenezes.com.br\/en\/advocacia-de-negocios\/\" class=\"elementor-item\" tabindex=\"-1\">Business Law<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-57\"><a href=\"https:\/\/moreiramenezes.com.br\/en\/areas-de-atuacao\/\" class=\"elementor-item\" tabindex=\"-1\">Practice Areas<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7185\"><a href=\"https:\/\/moreiramenezes.com.br\/en\/equipe\/\" class=\"elementor-item\" tabindex=\"-1\">Team<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-60\"><a href=\"https:\/\/moreiramenezes.com.br\/en\/publicacoes\/\" class=\"elementor-item\" tabindex=\"-1\">Publications<\/a><\/li>\n<li class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-58\"><a href=\"https:\/\/moreiramenezes.com.br\/en\/contato\/\" class=\"elementor-item\" tabindex=\"-1\">Contact<\/a><\/li>\n<li class=\"trp-language-switcher-container menu-item menu-item-type-post_type menu-item-object-language_switcher current-language-menu-item menu-item-2727\"><a href=\"https:\/\/moreiramenezes.com.br\/en\/wp-json\/wp\/v2\/posts\/3089\" class=\"elementor-item elementor-item-anchor\" tabindex=\"-1\"><span data-no-translation><span class=\"trp-ls-language-name\">EN<\/span><\/span><\/a><\/li>\n<\/ul>\t\t\t<\/nav>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-394fc76 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"394fc76\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-ff7b644 elementor-section-content-top elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"ff7b644\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-b8592cf\" data-id=\"b8592cf\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a1fef1c elementor-widget elementor-widget-heading\" data-id=\"a1fef1c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<p class=\"elementor-heading-title elementor-size-default\"><strong>S\u00e3o Paulo<\/strong><br>\nRua Gomes de Carvalho, n\u00b0 1507, 2\u00ba andar  \u2013 Vila Ol\u00edmpia <br>\n04547-005 \u2013 S\u00e3o Paulo \u2013 SP\n<br>\n+55 (11) 4210-4010<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-a0cb0b7\" data-id=\"a0cb0b7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3aa2587 elementor-widget elementor-widget-heading\" data-id=\"3aa2587\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<p class=\"elementor-heading-title elementor-size-default\"><strong>Rio de Janeiro<\/strong><br>\nRua Joana Ang\u00e9lica, n\u00b0 228  \u2013 Ipanema<br>\n22420-030 \u2013 Rio de Janeiro \u2013 RJ\n<br>\n+55 (21) 2523-5960<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-998a620\" data-id=\"998a620\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1498096 elementor-icon-list--layout-inline elementor-align-right elementor-mobile-align-left elementor-list-item-link-inline elementor-widget elementor-widget-icon-list\" data-id=\"1498096\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items elementor-inline-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"#elementor-action%3Aaction%3Dpopup%3Aopen%26settings%3DeyJpZCI6IjE3NzgiLCJ0b2dnbGUiOmZhbHNlfQ%3D%3D\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-envelope\" viewbox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M502.3 190.8c3.9-3.1 9.7-.2 9.7 4.7V400c0 26.5-21.5 48-48 48H48c-26.5 0-48-21.5-48-48V195.6c0-5 5.7-7.8 9.7-4.7 22.4 17.4 52.1 39.5 154.1 113.6 21.1 15.4 56.7 47.8 92.2 47.6 35.7.3 72-32.8 92.3-47.6 102-74.1 131.6-96.3 154-113.7zM256 320c23.2.4 56.6-29.2 73.4-41.4 132.7-96.3 142.8-104.7 173.4-128.7 5.8-4.5 9.2-11.5 9.2-18.9v-19c0-26.5-21.5-48-48-48H48C21.5 64 0 85.5 0 112v19c0 7.4 3.4 14.3 9.2 18.9 30.6 23.9 40.7 32.4 173.4 128.7 16.8 12.2 50.2 41.8 73.4 41.4z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.linkedin.com\/company\/moreira-menezes-martins-advogados\" target=\"_blank\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-facebook-f\" viewbox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M279.14 288l14.22-92.66h-88.91v-60.13c0-25.35 12.42-50.06 52.24-50.06h40.42V6.26S260.43 0 225.36 0c-73.22 0-121.08 44.38-121.08 124.72v70.62H22.89V288h81.39v224h100.17V288z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.linkedin.com\/company\/moreira-menezes-martins-miranda-advogados\" target=\"_blank\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-linkedin-in\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M100.28 448H7.4V148.9h92.88zM53.79 108.1C24.09 108.1 0 83.5 0 53.8a53.79 53.79 0 0 1 107.58 0c0 29.7-24.1 54.3-53.79 54.3zM447.9 448h-92.68V302.4c0-34.7-.7-79.2-48.29-79.2-48.29 0-55.69 37.7-55.69 76.7V448h-92.78V148.9h89.08v40.8h1.3c12.4-23.5 42.69-48.3 87.88-48.3 94 0 111.28 61.9 111.28 142.3V448z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-inline-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.instagram.com\/moreiramenezesadv\/\" target=\"_blank\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-instagram\" viewbox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M224.1 141c-63.6 0-114.9 51.3-114.9 114.9s51.3 114.9 114.9 114.9S339 319.5 339 255.9 287.7 141 224.1 141zm0 189.6c-41.1 0-74.7-33.5-74.7-74.7s33.5-74.7 74.7-74.7 74.7 33.5 74.7 74.7-33.6 74.7-74.7 74.7zm146.4-194.3c0 14.9-12 26.8-26.8 26.8-14.9 0-26.8-12-26.8-26.8s12-26.8 26.8-26.8 26.8 12 26.8 26.8zm76.1 27.2c-1.7-35.9-9.9-67.7-36.2-93.9-26.2-26.2-58-34.4-93.9-36.2-37-2.1-147.9-2.1-184.9 0-35.8 1.7-67.6 9.9-93.9 36.1s-34.4 58-36.2 93.9c-2.1 37-2.1 147.9 0 184.9 1.7 35.9 9.9 67.7 36.2 93.9s58 34.4 93.9 36.2c37 2.1 147.9 2.1 184.9 0 35.9-1.7 67.7-9.9 93.9-36.2 26.2-26.2 34.4-58 36.2-93.9 2.1-37 2.1-147.8 0-184.8zM398.8 388c-7.8 19.6-22.9 34.7-42.6 42.6-29.5 11.7-99.5 9-132.1 9s-102.7 2.6-132.1-9c-19.6-7.8-34.7-22.9-42.6-42.6-11.7-29.5-9-99.5-9-132.1s-2.6-102.7 9-132.1c7.8-19.6 22.9-34.7 42.6-42.6 29.5-11.7 99.5-9 132.1-9s102.7-2.6 132.1 9c19.6 7.8 34.7 22.9 42.6 42.6 11.7 29.5 9 99.5 9 132.1s2.7 102.7-9 132.1z\"><\/path><\/svg>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6dded35 elementor-align-right elementor-mobile-align-left elementor-widget elementor-widget-button\" data-id=\"6dded35\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/10\/2020_09_18-Privacy-Policy-Moreira-Menezes.pdf\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">See our Privacy Policy<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Newsletter n\u00ba 74 | Novembro 2020 Download PDF Nesta edi\u00e7\u00e3o: CVM divulga an\u00e1lise de impacto regulat\u00f3rio sobre exclusividade dos agentes aut\u00f4nomos de investimento Em 23.11.2020 a Comiss\u00e3o de Valores Mobili\u00e1rios \u2013 CVM divulgou estudo de an\u00e1lise de impacto regulat\u00f3rio acerca da regra que exige v\u00ednculo de exclusividade entre agente aut\u00f4nomo de investimento e o intermedi\u00e1rio [&hellip;]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,22],"tags":[],"class_list":["post-3089","post","type-post","status-publish","format-standard","hentry","category-newsletter","category-newsletter-mmm"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Newsletter N\u00b074 - Moreira Menezes Martins<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/moreiramenezes.com.br\/en\/newsletter-n74\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Newsletter N\u00b074 - Moreira Menezes Martins\" \/>\n<meta property=\"og:description\" content=\"Newsletter n\u00ba 74 | Novembro 2020 Download PDF Nesta edi\u00e7\u00e3o: CVM divulga an\u00e1lise de impacto regulat\u00f3rio sobre exclusividade dos agentes aut\u00f4nomos de investimento Em 23.11.2020 a Comiss\u00e3o de Valores Mobili\u00e1rios \u2013 CVM divulgou estudo de an\u00e1lise de impacto regulat\u00f3rio acerca da regra que exige v\u00ednculo de exclusividade entre agente aut\u00f4nomo de investimento e o intermedi\u00e1rio [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/moreiramenezes.com.br\/en\/newsletter-n74\/\" \/>\n<meta property=\"og:site_name\" content=\"Moreira Menezes Martins\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-25T14:56:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-11-25T16:21:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/mmm-negativo.svg\" \/>\n<meta name=\"author\" content=\"mmm\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mmm\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"14 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/moreiramenezes.com.br\/newsletter-n74\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/moreiramenezes.com.br\/newsletter-n74\/\"},\"author\":{\"name\":\"mmm\",\"@id\":\"https:\/\/moreiramenezes.com.br\/#\/schema\/person\/d525376b6c67f0d68e4dfc4475c65d78\"},\"headline\":\"Newsletter N\u00b074\",\"datePublished\":\"2020-11-25T14:56:16+00:00\",\"dateModified\":\"2020-11-25T16:21:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/moreiramenezes.com.br\/newsletter-n74\/\"},\"wordCount\":2773,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/moreiramenezes.com.br\/newsletter-n74\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/mmm-negativo.svg\",\"articleSection\":[\"Newsletter\",\"Newsletter MMM\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/moreiramenezes.com.br\/newsletter-n74\/\",\"url\":\"https:\/\/moreiramenezes.com.br\/newsletter-n74\/\",\"name\":\"Newsletter N\u00b074 - Moreira Menezes Martins\",\"isPartOf\":{\"@id\":\"https:\/\/moreiramenezes.com.br\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/moreiramenezes.com.br\/newsletter-n74\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/moreiramenezes.com.br\/newsletter-n74\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/mmm-negativo.svg\",\"datePublished\":\"2020-11-25T14:56:16+00:00\",\"dateModified\":\"2020-11-25T16:21:48+00:00\",\"author\":{\"@id\":\"https:\/\/moreiramenezes.com.br\/#\/schema\/person\/d525376b6c67f0d68e4dfc4475c65d78\"},\"breadcrumb\":{\"@id\":\"https:\/\/moreiramenezes.com.br\/newsletter-n74\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/moreiramenezes.com.br\/newsletter-n74\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/moreiramenezes.com.br\/newsletter-n74\/#primaryimage\",\"url\":\"https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/mmm-negativo.svg\",\"contentUrl\":\"https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/mmm-negativo.svg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/moreiramenezes.com.br\/newsletter-n74\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"In\u00edcio\",\"item\":\"https:\/\/moreiramenezes.com.br\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Newsletter\",\"item\":\"https:\/\/moreiramenezes.com.br\/categorias\/newsletter\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Newsletter N\u00b074\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/moreiramenezes.com.br\/#website\",\"url\":\"https:\/\/moreiramenezes.com.br\/\",\"name\":\"Moreira Menezes Martins\",\"description\":\"Moreira Menezes Martins - Advogados\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/moreiramenezes.com.br\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/moreiramenezes.com.br\/#\/schema\/person\/d525376b6c67f0d68e4dfc4475c65d78\",\"name\":\"mmm\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/moreiramenezes.com.br\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b16ca84b829f7fb3fcc92f2393d367798a989833972255f9a2b76b056e135746?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b16ca84b829f7fb3fcc92f2393d367798a989833972255f9a2b76b056e135746?s=96&d=mm&r=g\",\"caption\":\"mmm\"},\"sameAs\":[\"https:\/\/moreiramenezes.com\"],\"url\":\"https:\/\/moreiramenezes.com.br\/en\/author\/mmm\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Newsletter N\u00b074 - Moreira Menezes Martins","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/moreiramenezes.com.br\/en\/newsletter-n74\/","og_locale":"en_US","og_type":"article","og_title":"Newsletter N\u00b074 - Moreira Menezes Martins","og_description":"Newsletter n\u00ba 74 | Novembro 2020 Download PDF Nesta edi\u00e7\u00e3o: CVM divulga an\u00e1lise de impacto regulat\u00f3rio sobre exclusividade dos agentes aut\u00f4nomos de investimento Em 23.11.2020 a Comiss\u00e3o de Valores Mobili\u00e1rios \u2013 CVM divulgou estudo de an\u00e1lise de impacto regulat\u00f3rio acerca da regra que exige v\u00ednculo de exclusividade entre agente aut\u00f4nomo de investimento e o intermedi\u00e1rio [&hellip;]","og_url":"https:\/\/moreiramenezes.com.br\/en\/newsletter-n74\/","og_site_name":"Moreira Menezes Martins","article_published_time":"2020-11-25T14:56:16+00:00","article_modified_time":"2020-11-25T16:21:48+00:00","og_image":[{"url":"https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/mmm-negativo.svg","type":"","width":"","height":""}],"author":"mmm","twitter_card":"summary_large_image","twitter_misc":{"Written by":"mmm","Est. reading time":"14 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/moreiramenezes.com.br\/newsletter-n74\/#article","isPartOf":{"@id":"https:\/\/moreiramenezes.com.br\/newsletter-n74\/"},"author":{"name":"mmm","@id":"https:\/\/moreiramenezes.com.br\/#\/schema\/person\/d525376b6c67f0d68e4dfc4475c65d78"},"headline":"Newsletter N\u00b074","datePublished":"2020-11-25T14:56:16+00:00","dateModified":"2020-11-25T16:21:48+00:00","mainEntityOfPage":{"@id":"https:\/\/moreiramenezes.com.br\/newsletter-n74\/"},"wordCount":2773,"commentCount":0,"image":{"@id":"https:\/\/moreiramenezes.com.br\/newsletter-n74\/#primaryimage"},"thumbnailUrl":"https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/mmm-negativo.svg","articleSection":["Newsletter","Newsletter MMM"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/moreiramenezes.com.br\/newsletter-n74\/","url":"https:\/\/moreiramenezes.com.br\/newsletter-n74\/","name":"Newsletter N\u00b074 - Moreira Menezes Martins","isPartOf":{"@id":"https:\/\/moreiramenezes.com.br\/#website"},"primaryImageOfPage":{"@id":"https:\/\/moreiramenezes.com.br\/newsletter-n74\/#primaryimage"},"image":{"@id":"https:\/\/moreiramenezes.com.br\/newsletter-n74\/#primaryimage"},"thumbnailUrl":"https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/mmm-negativo.svg","datePublished":"2020-11-25T14:56:16+00:00","dateModified":"2020-11-25T16:21:48+00:00","author":{"@id":"https:\/\/moreiramenezes.com.br\/#\/schema\/person\/d525376b6c67f0d68e4dfc4475c65d78"},"breadcrumb":{"@id":"https:\/\/moreiramenezes.com.br\/newsletter-n74\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/moreiramenezes.com.br\/newsletter-n74\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/moreiramenezes.com.br\/newsletter-n74\/#primaryimage","url":"https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/mmm-negativo.svg","contentUrl":"https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/mmm-negativo.svg"},{"@type":"BreadcrumbList","@id":"https:\/\/moreiramenezes.com.br\/newsletter-n74\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"In\u00edcio","item":"https:\/\/moreiramenezes.com.br\/"},{"@type":"ListItem","position":2,"name":"Newsletter","item":"https:\/\/moreiramenezes.com.br\/categorias\/newsletter\/"},{"@type":"ListItem","position":3,"name":"Newsletter N\u00b074"}]},{"@type":"WebSite","@id":"https:\/\/moreiramenezes.com.br\/#website","url":"https:\/\/moreiramenezes.com.br\/","name":"Moreira Menezes Martins","description":"Moreira Menezes Martins - Advogados","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/moreiramenezes.com.br\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/moreiramenezes.com.br\/#\/schema\/person\/d525376b6c67f0d68e4dfc4475c65d78","name":"mmm","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/moreiramenezes.com.br\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b16ca84b829f7fb3fcc92f2393d367798a989833972255f9a2b76b056e135746?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b16ca84b829f7fb3fcc92f2393d367798a989833972255f9a2b76b056e135746?s=96&d=mm&r=g","caption":"mmm"},"sameAs":["https:\/\/moreiramenezes.com"],"url":"https:\/\/moreiramenezes.com.br\/en\/author\/mmm\/"}]}},"_links":{"self":[{"href":"https:\/\/moreiramenezes.com.br\/en\/wp-json\/wp\/v2\/posts\/3089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moreiramenezes.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moreiramenezes.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moreiramenezes.com.br\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/moreiramenezes.com.br\/en\/wp-json\/wp\/v2\/comments?post=3089"}],"version-history":[{"count":9,"href":"https:\/\/moreiramenezes.com.br\/en\/wp-json\/wp\/v2\/posts\/3089\/revisions"}],"predecessor-version":[{"id":3119,"href":"https:\/\/moreiramenezes.com.br\/en\/wp-json\/wp\/v2\/posts\/3089\/revisions\/3119"}],"wp:attachment":[{"href":"https:\/\/moreiramenezes.com.br\/en\/wp-json\/wp\/v2\/media?parent=3089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moreiramenezes.com.br\/en\/wp-json\/wp\/v2\/categories?post=3089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moreiramenezes.com.br\/en\/wp-json\/wp\/v2\/tags?post=3089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}