Brazilian strategic fund management is under the firm legislation of the government through its watchdog agency – the CVM or Brazilian Securities Commission. The investment industry is so competitive that without strong legislation from the government there would be a lot of unethical practices by the organizations which are struggling to dominate the field. Consequent to the atmosphere of unfair practices prevailing in the industry, the Commission of Securities recently proposed to enact tighter regulations to help investment managers, administrators, and advisors to maintain internal organizational discipline.
The three most important areas of concern to the Commission include the following policy highlights; many aspects of the current regulations controlling the behavior of fund managers will be appraised fresh, and the necessity for the procedures of obtaining transactional authority will be given prominence. Other requirements will be geared to establishing mechanisms for empowering investment fund administrators to spread the share funds which they manage equitably. Importantly, new rules for maintaining rigid internal conduct and control to facilitate information disclosure to ANBIMA or the Brazilian Association of Finance and Capital Market Entities will be streamlined. The draft also contains many changes like enactment of new risk management parameters, maintaining equity, and how to obtain permission from the Security Commission for one to become a fund manager
A result-oriented and competent fund administrator, Casio Audi strongly supports the moves by the CVM to restore the integrity of investors in the country. Mr. Audi is a forward thinker, and insightful manager who has excellent credentials in Decision Support and Controllership, Development of Growth Strategies, Resource Management, Modeling and Analysis, Financial Management and Accounting, and Investor Relations & M&A. For over 23 years he has had a successful career in both the private and public sectors. His high qualifications have made him help startups, high net-worth organizations, turn-around cases, and privately owned equity funds to succeed and to be profitable.