{"id":5321,"date":"2023-05-26T20:04:49","date_gmt":"2023-05-26T20:04:49","guid":{"rendered":"https:\/\/moreiramenezes.com.br\/?p=5321"},"modified":"2023-05-26T21:45:43","modified_gmt":"2023-05-26T21:45:43","slug":"newsletter-n104","status":"publish","type":"post","link":"https:\/\/moreiramenezes.com.br\/en\/newsletter-n104\/","title":{"rendered":"Newsletter N\u00b0104"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"5321\" class=\"elementor elementor-5321\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-349475bc elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"349475bc\" 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 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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-3b06700c\" data-id=\"3b06700c\" 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-7c27728a elementor-widget elementor-widget-heading\" data-id=\"7c27728a\" 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 1043 | 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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-a9c628b elementor-reverse-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a9c628b\" 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-41f4e8e8\" data-id=\"41f4e8e8\" 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-16fc3289 elementor-section-boxed 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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__f4591e0\" 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__f4591e0\" 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__f4591e0\" 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-2e427d72 elementor-widget elementor-widget-heading\" data-id=\"2e427d72\" 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\">Novo Of\u00edcio Circular da CVM esclarece dispositivos da Resolu\u00e7\u00e3o n\u00b0 175\/2022\u200b<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-270e6c11 elementor-widget elementor-widget-text-editor\" data-id=\"270e6c11\" 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>Em 03.05.2023 a Superintend\u00eancia de Supervis\u00e3o de Investidores Institucionais \u2013 SIN da Comiss\u00e3o de Valores Mobili\u00e1rios \u2013 CVM divulgou o Of\u00edcio Circular CVM\/SIN n\u00ba 2\/2023 (\u201c<u>Of\u00edcio Circular n\u00ba 02\/2023<\/u>\u201d), com o objetivo de divulgar a interpreta\u00e7\u00e3o da \u00e1rea t\u00e9cnica sobre dispositivos da Resolu\u00e7\u00e3o CVM n\u00ba 175\/2022, que disp\u00f5e sobre a constitui\u00e7\u00e3o, o funcionamento e a divulga\u00e7\u00e3o e informa\u00e7\u00f5es dos fundos de investimento e sobre a presta\u00e7\u00e3o de servi\u00e7os para os fundos de investimento (\u201c<u>Resolu\u00e7\u00e3o<\/u>\u201d).<\/p>\n<p>O Of\u00edcio Circular n\u00ba 02\/2023 \u00e9 dividido em 17 t\u00f3picos e apresenta resposta a 39 d\u00favidas enviadas por participantes do mercado a respeito da regula\u00e7\u00e3o dos Fundos de Investimento Financeiro \u2013FIFs, disciplinados no Anexo Normativo I da Resolu\u00e7\u00e3o (\u201c<u>Anexo I<\/u>\u201d).<\/p>\n<p>Nesse sentido, merecem destaque as seguintes orienta\u00e7\u00f5es fornecidas pela \u00e1rea t\u00e9cnica da CVM:<\/p>\n<p><b>(i)<\/b> <u>Exposi\u00e7\u00e3o a risco de capital:<\/u><\/p>\n<p style=\"padding-left: 40px;\"><strong>a.<\/strong> <u>fundos long and short<\/u>: conforme disposto no art. 73, \u00a7 5\u00ba, da Resolu\u00e7\u00e3o, os fundos long and short est\u00e3o expressamente dispensados de cumprir os limites de exposi\u00e7\u00e3o ao risco de capital previstos na regulamenta\u00e7\u00e3o vigente. Todavia, o Of\u00edcio Circular n\u00ba 02\/2023 refor\u00e7a a necessidade de (a.1) previs\u00e3o da classifica\u00e7\u00e3o do fundo como long na pol\u00edtica de investimento do fundo; e (b) previs\u00e3o dos limites m\u00e1ximos de margem a que o fundo poder\u00e1 ser exposto no regulamento do fundo;<\/p>\n<p style=\"padding-left: 40px;\"><strong>b.<\/strong> <u>opera\u00e7\u00f5es no exterior<\/u>: o Of\u00edcio Circular n\u00ba 02\/2023 esclareceu que, no \u00e2mbito dos controles para exposi\u00e7\u00e3o de risco de capital, o gestor deve definir metodologia de c\u00e1lculo que leve em considera\u00e7\u00e3o (b.1) o valor das margens exigidas em opera\u00e7\u00f5es realizadas com garantia (b.2) somada \u00e0 margem potencial de opera\u00e7\u00f5es de derivativos no exterior sem garantia (b.3) adicionadas \u00e0s margens requeridas para as posi\u00e7\u00f5es de derivativos realizadas no mercado local. Al\u00e9m disso, a responsabilidade de consolida\u00e7\u00e3o sobre os fundos investidos no exterior quanto \u00e0 margem \u00e9 do gestor, observada a verifica\u00e7\u00e3o pelo administrador prevista no art. 25, inciso I, do Anexo I;<\/p>\n<p><strong>(ii)<\/strong> <u>Parcela da taxa de performance a ser paga ao distribuidor<\/u>: somente ser\u00e1 poss\u00edvel destinar parcela da taxa de performance ao distribuidor em fundos de investimento destinados a investidores qualificados e profissionais, nos termos do art. 113, inciso III, da Resolu\u00e7\u00e3o, n\u00e3o existindo tal possibilidade em fundos destinados ao p\u00fablico em geral. Sobre esse particular, a CVM reiterou que a taxa de performance para fundos destinados ao p\u00fablico em geral deve ser paga apenas ao gestor, conforme previsto no art. 28 do Anexo Normativo I;<\/p>\n<p><b>(iii)<\/b> <u>Desenquadramento e prazos para comunica\u00e7\u00e3o<\/u>: conforme consignado no Of\u00edcio Circular n\u00ba 02\/2023, os prazos para comunica\u00e7\u00e3o de desenquadramentos ser\u00e3o contados em dias \u00fateis e passar\u00e3o a se aplicar a todos os FIFs com a entrada em vigor da Resolu\u00e7\u00e3o CVM n\u00ba 175, tanto a fundos novos quanto aos pr\u00e9-existentes, independentemente se o fundo j\u00e1 existente ter sido adaptado, ou n\u00e3o, \u00e0 Resolu\u00e7\u00e3o;<\/p>\n<p><b>(iv)<\/b> <u>Verifica\u00e7\u00f5es necess\u00e1rias pelo administrador<\/u>: conforme disposto no art. 25 do Anexo I, os administradores devem verificar ap\u00f3s a realiza\u00e7\u00e3o das opera\u00e7\u00f5es pelo gestor (a) a compatibilidade dos pre\u00e7os praticados com os pre\u00e7os de mercado; e (b) a observ\u00e2ncia da carteira de ativos aos limites de composi\u00e7\u00e3o, concentra\u00e7\u00e3o e, se for o caso, de exposi\u00e7\u00e3o de risco de capital, em periodicidade compat\u00edvel com a pol\u00edtica de investimentos da classe. De acordo com o Of\u00edcio Circular n\u00ba 02\/2023, o momento dessa verifica\u00e7\u00e3o ficar\u00e1 a crit\u00e9rio das rotinas e pol\u00edticas adotadas por cada administrador, em observ\u00e2ncia aos deveres, obriga\u00e7\u00f5es e padr\u00f5es de conduta previstos pela regulamenta\u00e7\u00e3o; e<\/p>\n<p><b>(v)<\/b> Criptoativos: nos termos do Of\u00edcio Circular n\u00ba 02\/2023 (v.1) o limite de investimento de 10% indicado no art. 45 do Anexo I da Resolu\u00e7\u00e3o (no caso de fundos para o p\u00fablico em geral) em criptoativos engloba o investimento em cotas de fundos offshore cujo principal fator de risco seja a exposi\u00e7\u00e3o a criptoativos. Por sua vez, o limite de investimento em ETF (Exchange-traded funds) de criptoativos respeita o limite pr\u00f3prio previsto em norma para os ETF (art. 45, inciso IV, \u201cg\u201d, do Anexo Normativo I da Resolu\u00e7\u00e3o), uma vez que os ETF s\u00e3o considerados \u201cativo final\u201d para efeitos da regulamenta\u00e7\u00e3o. De toda forma, deve ser respeitado o fator de risco associado a cada fundo de investimento, de forma que um ETF de criptoativo s\u00f3 pode receber investimentos, por exemplo, por fundos tipificados como multimercado (dado que os ETFs de criptoativos n\u00e3o possuem risco t\u00edpico de a\u00e7\u00f5es, nem de renda fixa).<br><br><\/p><p>Maiores informa\u00e7\u00f5es, bem como o inteiro teor do Of\u00edcio Circular, podem ser encontradas no site da CVM (www.gov.br\/cvm\/pt-br).<\/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-6a1d6f05 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"6a1d6f05\" 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-be26991 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"be26991\" 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-9ebc3fb\" data-id=\"9ebc3fb\" 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-de4587f elementor-widget elementor-widget-heading\" data-id=\"de4587f\" 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\">Banco Central flexibiliza regras para opera\u00e7\u00f5es de derivativos de cr\u00e9dito<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-871d5f8 elementor-widget elementor-widget-text-editor\" data-id=\"871d5f8\" 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>Em 20.04.2023 o Banco Central \u2013 BACEN publicou a Resolu\u00e7\u00e3o CMN n\u00ba 5.070\/2023, que disp\u00f5e sobre a realiza\u00e7\u00e3o de opera\u00e7\u00f5es de derivativos de cr\u00e9dito no Brasil por institui\u00e7\u00f5es financeiras e demais institui\u00e7\u00f5es autorizadas a funcionar pelo BACEN.<\/p><p>Uma das principais inova\u00e7\u00f5es da Resolu\u00e7\u00e3o CMN n\u00ba 5.070\/2023 se refere \u00e0 atualiza\u00e7\u00e3o do rol de institui\u00e7\u00f5es financeiras aptas a atuarem como contraparte receptora de risco de cr\u00e9dito. A t\u00edtulo exemplificativo, a norma autoriza a atua\u00e7\u00e3o como contrapartes de bancos m\u00faltiplos, bancos comerciais, bancos de desenvolvimento, bancos de investimento e sociedades de arrendamento mercantil.<\/p><p>Adicionalmente, h\u00e1 a possibilidade de que institui\u00e7\u00f5es n\u00e3o autorizadas a funcionar pelo BACEN (mas que atendam aos requisitos para serem consideradas investidores profissionais na forma da regulamenta\u00e7\u00e3o da CVM) atuem como contraparte receptora de risco de cr\u00e9dito. Dessa maneira, o rol de entidades passa a contemplar tamb\u00e9m seguradoras, fundos de investimento e entidades de previd\u00eancia, dentre outras.<\/p><p>A Resolu\u00e7\u00e3o CVM n\u00ba 5.070\/2023 estabelece, ainda, que o risco de cr\u00e9dito das entidades de refer\u00eancia \u2013 fundo de investimento ou pessoa jur\u00eddica emissora, devedora ou garantidora de obriga\u00e7\u00f5es financeiras sobre a qual podem incidir os eventos de cr\u00e9dito em uma opera\u00e7\u00e3o \u2013 e o valor das obriga\u00e7\u00f5es de refer\u00eancia devem ser suficientemente mensur\u00e1veis, de forma a permitir sua avalia\u00e7\u00e3o a valor de mercado mediante utiliza\u00e7\u00e3o de pre\u00e7os ou cota\u00e7\u00f5es divulgadas publicamente ou modelos de apre\u00e7amento baseados em dados e metodologias consistentes e pass\u00edveis de verifica\u00e7\u00e3o.<\/p><p>A Resolu\u00e7\u00e3o CMN n\u00ba 5.070\/2023 entrar\u00e1 em vigor em 01.06.2023.<\/p><p>Maiores informa\u00e7\u00f5es, bem como a \u00edntegra da Resolu\u00e7\u00e3o CMN n\u00ba 5.070\/2023, podem ser encontradas no site do BACEN (www.bcb.gov.br\/).<\/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-6550a1a elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"6550a1a\" 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-abf9456 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"abf9456\" 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-53aa36c\" data-id=\"53aa36c\" 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-1e9829c elementor-widget elementor-widget-heading\" data-id=\"1e9829c\" 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\">Banco Central adota medidas para melhorar a seguran\u00e7a do Pix\u200b<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-11d38eb elementor-widget elementor-widget-text-editor\" data-id=\"11d38eb\" 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>Em 02.05.2023 o Banco Central do Brasil \u2013 BACEN divulgou a promo\u00e7\u00e3o, em conjunto com o Grupo Estrat\u00e9gico de Seguran\u00e7a (\u201c<u>GE-SEG<\/u>\u201d), formado no \u00e2mbito do \u201cF\u00f3rum Pix\u201d, das seguintes medidas para aperfei\u00e7oar os mecanismos de seguran\u00e7a de seu sistema de pagamento instant\u00e2neo (conhecido como \u201c<u>Pix<\/u>\u201d):<\/p><p><b>(i)<\/b> aprimoramentos das informa\u00e7\u00f5es de seguran\u00e7a armazenadas pelo BACEN, que s\u00e3o compartilhadas com as institui\u00e7\u00f5es financeiras e de pagamento que utilizam o Pix (\u201c<u>Institui\u00e7\u00f5es Participantes<\/u>\u201d), a fim de empregar essas informa\u00e7\u00f5es na detec\u00e7\u00e3o de fraudes e identifica\u00e7\u00e3o dos infratores; e<\/p><p><b>(ii)<\/b> edi\u00e7\u00e3o da Instru\u00e7\u00e3o Normativa n\u00ba 373\/2023, que alterou a Instru\u00e7\u00e3o Normativa n\u00ba 291\/2022, a qual estabelece os procedimentos necess\u00e1rios para a ades\u00e3o ao Pix, passando a determinar que as institui\u00e7\u00f5es que visem aderir ao Pix (\u201c<u>Institui\u00e7\u00f5es Aderentes<\/u>\u201d) respondam a um question\u00e1rio de avalia\u00e7\u00e3o em seguran\u00e7a, para garantir que essas institui\u00e7\u00f5es atendam aos requisitos t\u00e9cnicos de seguran\u00e7a fixados pelo BACEN.<\/p><p><b>Aprimoramentos nas informa\u00e7\u00f5es de seguran\u00e7a.<\/b><\/p><p>As medidas acima referidas geram o aperfei\u00e7oamento de duas funcionalidades dispon\u00edveis \u00e0s Institui\u00e7\u00f5es Participantes: a \u201c<u>Notifica\u00e7\u00e3o de Infra\u00e7\u00e3o<\/u>\u201d e a consulta de informa\u00e7\u00f5es vinculadas aos usu\u00e1rios e \u00e0s chaves Pix para fins de seguran\u00e7a.<\/p><p>Nesse sentido, a Notifica\u00e7\u00e3o de Infra\u00e7\u00e3o consiste na funcionalidade que permite \u00e0s Institui\u00e7\u00f5es Participantes identificar as chaves Pix e os usu\u00e1rios envolvidos em transa\u00e7\u00f5es que gerem suspeitas de fraude.<\/p><p>Tal funcionalidade ser\u00e1 modificada e passar\u00e1 a contar com novos campos, para viabilizar \u00e0s Institui\u00e7\u00f5es Participantes (i) a especifica\u00e7\u00e3o do poss\u00edvel motivo que tenha provocado a Notifica\u00e7\u00e3o de Infra\u00e7\u00e3o (e.g., golpe, estelionato, invas\u00e3o de conta, coa\u00e7\u00e3o etc.), bem como (ii) a identifica\u00e7\u00e3o do tipo de fraude cometido (e.g., a abertura de uma conta sob falsidade ideol\u00f3gica, a disponibiliza\u00e7\u00e3o indevida de uma conta para a pr\u00e1tica de fraude por terceiro \u2014 as chamadas \u201ccontas laranjas\u201d).<\/p><p>O BACEN tamb\u00e9m promoveu a amplia\u00e7\u00e3o das informa\u00e7\u00f5es que s\u00e3o disponibilizadas \u00e0s Institui\u00e7\u00f5es Participantes na \u201cconsulta de informa\u00e7\u00f5es de seguran\u00e7a armazenadas no Pix\u201d, bem como aumentou o per\u00edodo de tempo durante o qual as referidas informa\u00e7\u00f5es permanecer\u00e3o dispon\u00edveis.<\/p><p>O novo conjunto de informa\u00e7\u00f5es incluir\u00e1, por exemplo, a quantidade de infra\u00e7\u00f5es e de contas fraudulentas vinculadas a determinado usu\u00e1rio ou chave Pix, o n\u00famero de Institui\u00e7\u00f5es Participantes que aceitaram a Notifica\u00e7\u00e3o de Infra\u00e7\u00e3o relativa a tal usu\u00e1rio ou chave Pix, dentre outras. Al\u00e9m disso, as informa\u00e7\u00f5es passar\u00e3o a ficar dispon\u00edveis pelo prazo de 5 anos (atualmente, esse prazo \u00e9 de 6 meses).<\/p><p>A consulta \u00e0s referidas informa\u00e7\u00f5es poder\u00e1 ser realizada 24 horas por dia pelas Institui\u00e7\u00f5es Participantes, com base na chave Pix ou no n\u00famero de inscri\u00e7\u00e3o no CPF ou CNPJ do usu\u00e1rio.<\/p><p>As mudan\u00e7as acima referidas entrar\u00e3o em vigor no dia 05.11.2023, permitindo ao BACEN e \u00e0s Institui\u00e7\u00f5es Participantes que promovam os devidos ajustes em seus respectivos sistemas para viabilizar sua implementa\u00e7\u00e3o.<\/p><p><b>Instru\u00e7\u00e3o Normativa n\u00ba 373\/2023.<\/b><\/p><p>Por sua vez, a Instru\u00e7\u00e3o Normativa n\u00ba 373\/2023 promoveu altera\u00e7\u00f5es na Instru\u00e7\u00e3o Normativa n\u00ba 291\/2022, para ajustar dispositivos referentes \u00e0s etapas cadastral e homologat\u00f3ria do procedimento de ades\u00e3o ao Pix pelas Institui\u00e7\u00f5es Aderentes. Para esse fim, foram inclu\u00eddos, como Anexos \u00e0 Instru\u00e7\u00e3o Normativa n\u00ba 373\/2023 , modelos de formul\u00e1rios e question\u00e1rios que dever\u00e3o ser preenchidos pelas Institui\u00e7\u00f5es Aderentes no \u00e2mbito desse procedimento.<\/p><p>Sobre esse particular, as Institui\u00e7\u00f5es Aderentes ficam obrigadas a enviar, para aprova\u00e7\u00e3o do Departamento de Competi\u00e7\u00e3o e de Estrutura do Mercado Financeiro (\u201c<u>DECEM<\/u>\u201d), dentre outros documentos, (i) o \u201cFormul\u00e1rio de Ades\u00e3o ao Pix\u201d, contendo as informa\u00e7\u00f5es da Institui\u00e7\u00e3o Aderente e (ii) o \u201cQuestion\u00e1rio de Autoavalia\u00e7\u00e3o em Seguran\u00e7a\u201d, assinado por diretor respons\u00e1vel pela pol\u00edtica de seguran\u00e7a cibern\u00e9tica da Institui\u00e7\u00e3o Aderente.<\/p><p>A Instru\u00e7\u00e3o Normativa n\u00ba 373\/2023 entrou em vigor em 02.05.2023. Desse modo, Institui\u00e7\u00f5es Aderentes que ainda estejam aguardando a an\u00e1lise do seu pedido de ades\u00e3o ao Pix, ou cujo pedido esteja na etapa cadastral ou na etapa homologat\u00f3ria, dever\u00e3o enviar o \u201cQuestion\u00e1rio de Autoavalia\u00e7\u00e3o em Seguran\u00e7a\u201d ao DECEM, antes do t\u00e9rmino da etapa em que se encontre o pedido.<\/p><p>Maiores informa\u00e7\u00f5es, bem como o inteiro teor da Instru\u00e7\u00e3o Normativa n\u00ba 373\/2023, podem ser encontradas no site do BCB (https:\/\/www.bcb.gov.br\/).<\/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-dafba60 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"dafba60\" 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-2b345e9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2b345e9\" 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-25c32f4\" data-id=\"25c32f4\" 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-73eff0f elementor-widget elementor-widget-heading\" data-id=\"73eff0f\" 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\">Resolu\u00e7\u00e3o da JUCERJA facilita o registro de empres\u00e1rios e sociedades<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ba6b7fd elementor-widget elementor-widget-text-editor\" data-id=\"ba6b7fd\" 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>Em 02.05.2023 foi publicada a Resolu\u00e7\u00e3o COGIRE n\u00ba 07\/2023, que facilita o registro de empres\u00e1rios e sociedades, dando nova reda\u00e7\u00e3o \u00e0 Resolu\u00e7\u00e3o CORIGE n\u00ba 05\/2020.<\/p><p>A Resolu\u00e7\u00e3o COGIRE n\u00ba 05\/2020 institui a classifica\u00e7\u00e3o de risco das atividades econ\u00f4micas para fins de an\u00e1lise e dispensa de atos p\u00fablicos de libera\u00e7\u00e3o, os quais constituem atos da administra\u00e7\u00e3o p\u00fablica exigidos como condi\u00e7\u00e3o pr\u00e9via para o exerc\u00edcio de atividade econ\u00f4mica.<\/p><p>Nesse contexto, as atividades s\u00e3o classificadas da seguinte maneira: (i) de <u>baixo risco<\/u> (s\u00e3o dispensadas de atos p\u00fablicos de libera\u00e7\u00e3o); (ii) de <u>m\u00e9dio risco<\/u> (dever\u00e3o ter alvar\u00e1 eletr\u00f4nico automatizado emitido ap\u00f3s o registro por meio do Sistema Integrador Estadual \u2013 REGIN, condicionada ao aceite de autodeclara\u00e7\u00e3o de responsabilidade do empres\u00e1rio); ou (iii) de <u>alto risco<\/u> (dever\u00e3o ter alvar\u00e1 eletr\u00f4nico emitido pelo Sistema Integrador Estadual \u2013 REGIN ap\u00f3s vistoria pr\u00e9via e o cumprimento das exig\u00eancias impostas pelos \u00f3rg\u00e3os fiscalizadores).<\/p><p>Com a edi\u00e7\u00e3o da Resolu\u00e7\u00e3o COGIRE n\u00ba 07\/2023, houve a altera\u00e7\u00e3o da Resolu\u00e7\u00e3o COGIRE n\u00ba 05\/2020 para reclassificar 67 atividades econ\u00f4micas, que passaram a ser consideradas como atividades de baixo risco. Dessa maneira, o registro de novos empres\u00e1rios ou sociedades que exer\u00e7a tais atividades se torna mais simples.<\/p><p>Maiores informa\u00e7\u00f5es, bem como a \u00edntegra da Resolu\u00e7\u00e3o COGIRE n\u00ba 07\/2023, podem ser encontradas na edi\u00e7\u00e3o do dia 02.05.2023 do Di\u00e1rio Oficial do Estado do Rio de Janeiro (http:\/\/www.ioerj.com.br\/).<\/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-ab7af52 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"ab7af52\" 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-6f74567 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6f74567\" 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-251b9d8\" data-id=\"251b9d8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\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-0e666f5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0e666f5\" 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-732819c\" data-id=\"732819c\" 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-40d7fc7 elementor-widget elementor-widget-heading\" data-id=\"40d7fc7\" 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-d50865c elementor-widget elementor-widget-text-editor\" data-id=\"d50865c\" 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><b>Superior Tribunal de Justi\u00e7a<\/b><\/p><p>AGRAVO INTERNO NO AGRAVO INTERNO NO RECURSO ESPECIAL &#8211; AUTOS DE AGRAVO DE INSTRUMENTO NA ORIGEM &#8211; DECIS\u00c3O MONOCR\u00c1TICA QUE, AP\u00d3S RECONSIDERAR DELIBERA\u00c7\u00c3O ANTERIOR, NEGOU PROVIMENTO AO RECLAMO. INSURG\u00caNCIA RECURSAL DA AGRAVANTE.<br \/>1. Quanto \u00e0 alega\u00e7\u00e3o de que deveria ter sido aplicada in casu a Teoria do Isolamento da Norma, a subsist\u00eancia de fundamentos inatacados, aptos a manter a conclus\u00e3o do aresto impugnado, e a apresenta\u00e7\u00e3o de raz\u00f5es dissociadas desses fundamentos, imp\u00f5e o reconhecimento da incid\u00eancia das S\u00famulas 283 e 284 do STF, por analogia.<br \/>2. Sob a \u00e9gide do CPC\/73, &#8220;A jurisprud\u00eancia desta Corte firmou-se no sentido de que, em regra, na a\u00e7\u00e3o para apura\u00e7\u00e3o de haveres de s\u00f3cio, a legitimidade processual passiva \u00e9 da sociedade e dos s\u00f3cios remanescentes, em litiscons\u00f3rcio passivo necess\u00e1rio. Precedentes. \u00c9 poss\u00edvel mitigar-se esse entendimento diante de especificidades do caso concreto, em que n\u00e3o se constate preju\u00edzos \u00e0s partes demandadas, \u00e0s quais foi assegurada a ampla defesa e o contradit\u00f3rio. Precedentes.&#8221; (REsp n. 1.015.547\/AM, relator Ministro Raul Ara\u00fajo, Quarta Turma, julgado em 1\/12\/2016, DJe de 14\/12\/2016).<br \/>2.1. Aplicando-se o referido entendimento na hip\u00f3tese dos autos, foram partes na a\u00e7\u00e3o de dissolu\u00e7\u00e3o parcial da sociedade todos os s\u00f3cios, o interesse da \u00fanica s\u00f3cia remanescente se confunde com o da pr\u00f3pria sociedade e houve ampla defesa e contradit\u00f3rio, devendo ser aplicado o princ\u00edpio pas de nullit\u00e9 sans grief diante do tempo transcorrido e da aus\u00eancia de demonstra\u00e7\u00e3o de preju\u00edzos \u00e0s partes envolvidas.<br \/>3. Agravo interno desprovido.<br \/>(STJ. 4\u00aa Turma. AgInt no AgInt no REsp n\u00ba 1.922.029\/DF. Rel.: Min. Marco Buzzi. Data de julgamento: 18.04.2023. Data de publica\u00e7\u00e3o: 24.04.2023)<\/p><p><b>Tribunal de Justi\u00e7a de S\u00e3o Paulo<\/b><\/p><p>Dissolu\u00e7\u00e3o parcial de sociedade &#8211; Pagamento de haveres &#8211; Reconsidera\u00e7\u00e3o de decis\u00e3o anterior, a qual havia deferido pedido de penhora de bens componentes do patrim\u00f4nio de s\u00f3cios remanescentes &#8211; Ac\u00f3rd\u00e3o proferido em agravo anterior confirmat\u00f3rio da possibilidade de penhora de bens dos s\u00f3cios remanescentes, eis que patente a insufici\u00eancia para a satisfa\u00e7\u00e3o do cr\u00e9dito exequendo daqueles encontrados em nome da pessoa jur\u00eddica &#8211; N\u00e3o \u00e9 admiss\u00edvel que os s\u00f3cios remanescentes, pura e simplesmente, capturem o capital do antigo s\u00f3cio, usufruam do patrim\u00f4nio alheio (muitas vezes, como no caso concreto, durante anos) e, ao final, imponham um inadimplemento irrevers\u00edvel, inviabilizando, em virtude dos resultados negativos da atividade empresarial realizada ap\u00f3s o rompimento do v\u00ednculo societ\u00e1rio, o pagamento dos haveres devidos pela pessoa jur\u00eddica, ficando isentos de qualquer responsabilidade patrimonial -Interpreta\u00e7\u00e3o sistem\u00e1tica dos arts. 601 e 604, \u00a71\u00ba do CPC\/2015 &#8211; Decis\u00e3o reformada &#8211; Recurso provido.<br \/>(TJSP. 1\u00aa C\u00e2mara Reservada de Direito Empresarial. Agravo de Instrumento n\u00ba 2040083-24.2023.8.26.0000. Rel.: Des. Fortes Barbosa. Data de julgamento: 02.05.2023. Data de publica\u00e7\u00e3o: 05.05.2023)<\/p>\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<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-fa2180c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fa2180c\" 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-9bbe1c7\" data-id=\"9bbe1c7\" 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-ee5a579 elementor-widget elementor-widget-heading\" data-id=\"ee5a579\" 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-66734bdc elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"66734bdc\" 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-168c5e9d\" data-id=\"168c5e9d\" 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-2c8f4dd7 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"2c8f4dd7\" 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-5d516374 elementor-widget elementor-widget-spacer\" data-id=\"5d516374\" 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<\/div>","protected":false},"excerpt":{"rendered":"<p>Newsletter n\u00ba 1043 | Maio 2023 Download PDF Nesta edi\u00e7\u00e3o: Novo Of\u00edcio Circular da CVM esclarece dispositivos da Resolu\u00e7\u00e3o n\u00b0 175\/2022\u200b Em 03.05.2023 a Superintend\u00eancia de Supervis\u00e3o de Investidores Institucionais \u2013 SIN da Comiss\u00e3o de Valores Mobili\u00e1rios \u2013 CVM divulgou o Of\u00edcio Circular CVM\/SIN n\u00ba 2\/2023 (\u201cOf\u00edcio Circular n\u00ba 02\/2023\u201d), com o objetivo de divulgar [&hellip;]<\/p>","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,22],"tags":[],"class_list":["post-5321","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\u00b0104 - 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-n104\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Newsletter N\u00b0104 - Moreira Menezes Martins\" \/>\n<meta property=\"og:description\" content=\"Newsletter n\u00ba 1043 | Maio 2023 Download PDF Nesta edi\u00e7\u00e3o: Novo Of\u00edcio Circular da CVM esclarece dispositivos da Resolu\u00e7\u00e3o n\u00b0 175\/2022\u200b Em 03.05.2023 a Superintend\u00eancia de Supervis\u00e3o de Investidores Institucionais \u2013 SIN da Comiss\u00e3o de Valores Mobili\u00e1rios \u2013 CVM divulgou o Of\u00edcio Circular CVM\/SIN n\u00ba 2\/2023 (\u201cOf\u00edcio Circular n\u00ba 02\/2023\u201d), com o objetivo de divulgar [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/moreiramenezes.com.br\/en\/newsletter-n104\/\" \/>\n<meta property=\"og:site_name\" content=\"Moreira Menezes Martins\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-26T20:04:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-26T21:45:43+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=\"Larissa Barreto\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Larissa Barreto\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"19 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/moreiramenezes.com.br\/newsletter-n104\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/moreiramenezes.com.br\/newsletter-n104\/\"},\"author\":{\"name\":\"Larissa Barreto\",\"@id\":\"https:\/\/moreiramenezes.com.br\/#\/schema\/person\/db6a0a10ab27b0cc9c942206599b632e\"},\"headline\":\"Newsletter N\u00b0104\",\"datePublished\":\"2023-05-26T20:04:49+00:00\",\"dateModified\":\"2023-05-26T21:45:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/moreiramenezes.com.br\/newsletter-n104\/\"},\"wordCount\":2813,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/moreiramenezes.com.br\/newsletter-n104\/#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-n104\/\",\"url\":\"https:\/\/moreiramenezes.com.br\/newsletter-n104\/\",\"name\":\"Newsletter N\u00b0104 - 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