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The Nexus
BUSINESSJul 3 · 08:40 UTCTHE RIO TIMESRafael Silva Santos

A Court Orders Brazil to Fix Its Underfunded Market Watchdog

A Brazilian Supreme Court justice approved a rescue plan for the CVM, Brazil's market regulator, on July 2. The court cited over a decade of underfunding that paralyzed the agency, requiring 70% of its collected fees to be reinvested into the CVM.

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