{"id":3637,"date":"2026-05-11T17:14:37","date_gmt":"2026-05-11T20:14:37","guid":{"rendered":"https:\/\/tavaresborba.com.br\/?p=3637"},"modified":"2026-05-12T10:01:55","modified_gmt":"2026-05-12T13:01:55","slug":"audiencia-publica-adi-7791-taxa-de-fiscalizacao-da-cvm","status":"publish","type":"post","link":"https:\/\/tavaresborba.com.br\/en\/audiencia-publica-adi-7791-taxa-de-fiscalizacao-da-cvm\/","title":{"rendered":"Public Hearing \u2013 ADI 7791 \u2013 CVM Inspection Fee"},"content":{"rendered":"<p>In a Public Hearing on ADI 7791, held at the STF last Monday, the sensitive issue of the CVM&#039;s (Brazilian Securities and Exchange Commission) oversight fee and its unsubstantial allocation to the purpose that justified its creation was discussed. On that occasion, partner Gustavo Borba, as a guest expert, gave a presentation on the importance of the market regulator having a structure and budget compatible with its institutional function, considering the size and complexity of the current capital market. In his presentation, Gustavo Borba explained, among other things, the importance of an efficient oversight\/punitive activity to propagate the deterrent effect that is essential for the proper functioning of the capital market.<\/p>\n<div style=\"width: 800px;\" class=\"wp-video\"><video class=\"wp-video-shortcode\" id=\"video-3637-1\" width=\"800\" height=\"450\" preload=\"metadata\" controls=\"controls\"><source type=\"video\/mp4\" src=\"https:\/\/tavaresborba.com.br\/wp-content\/uploads\/2026\/05\/Audiencia-Publica-Corte-Gustavo-Tavares-Borba-1.mp4?_=1\" \/><a href=\"https:\/\/tavaresborba.com.br\/wp-content\/uploads\/2026\/05\/Audiencia-Publica-Corte-Gustavo-Tavares-Borba-1.mp4\">https:\/\/tavaresborba.com.br\/wp-content\/uploads\/2026\/05\/Audiencia-Publica-Corte-Gustavo-Tavares-Borba-1.mp4<\/a><\/video><\/div>\n<h6>Original video: <a href=\"https:\/\/youtu.be\/sbFgufC8I88?t=8278\" target=\"_blank\" rel=\"noopener\">https:\/\/youtu.be\/sbFgufC8I88?t=8278<\/a><\/h6>\n<p>The day after the high-level debates, an important preliminary injunction was granted by Minister Flavio Dino, guaranteeing that the funds raised by the fee would be allocated, for the most part, to the structuring of the CVM (Brazilian Securities and Exchange Commission), which constitutes a historic milestone for the Brazilian capital market.<\/p>","protected":false},"excerpt":{"rendered":"<p>Em Audi\u00eancia P\u00fablica sobre a ADI 7791, realizada no STF na \u00faltima segunda-feira, tratou-se do sens\u00edvel tema da taxa de fiscaliza\u00e7\u00e3o da CVM e de sua n\u00e3o destina\u00e7\u00e3o substancial \u00e0 finalidade que justificou sua cria\u00e7\u00e3o. Na ocasi\u00e3o, o s\u00f3cio Gustavo Borba fez uma exposi\u00e7\u00e3o, como convidado especialista, sobre a import\u00e2ncia de o regulador de mercado [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[70],"class_list":["post-3637","post","type-post","status-publish","format-standard","hentry","category-gustavo-tavares-borba","tag-publicacao"],"_links":{"self":[{"href":"https:\/\/tavaresborba.com.br\/en\/wp-json\/wp\/v2\/posts\/3637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tavaresborba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tavaresborba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tavaresborba.com.br\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tavaresborba.com.br\/en\/wp-json\/wp\/v2\/comments?post=3637"}],"version-history":[{"count":6,"href":"https:\/\/tavaresborba.com.br\/en\/wp-json\/wp\/v2\/posts\/3637\/revisions"}],"predecessor-version":[{"id":3644,"href":"https:\/\/tavaresborba.com.br\/en\/wp-json\/wp\/v2\/posts\/3637\/revisions\/3644"}],"wp:attachment":[{"href":"https:\/\/tavaresborba.com.br\/en\/wp-json\/wp\/v2\/media?parent=3637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tavaresborba.com.br\/en\/wp-json\/wp\/v2\/categories?post=3637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tavaresborba.com.br\/en\/wp-json\/wp\/v2\/tags?post=3637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}