GTMK sets priorities for 2019

The Working Group on Capital Markets (GTMK), coordinated by the National Treasury’s executive secretary Ana Paula Vescovi, held its year’s final meeting in December, during which it revised the advancements achieved in 2018 and set the priorities for 2019 – to be submitted to the new economic team.
Among the most important advancements in 2018, highlights are the separate creation of federal taxpayer IDs (“CNPJs”) for each pension plan managed by an entity and improvements in the authorization for the automatic adhesion of employees to pension plans.
For 2019, several topics directly related to the securities market were included, among which the updating of the Corporate Law, the discussion about the reparation of damages to shareholders, the bureaucracy in the registration of non-resident investors and the civil and criminal responsibility of directors of publicly-held companies.
The article about the creation of the GTMK is available here.
Click here to learn more about the GTMK.