Dias, Luciana. “Synthetic Prime Brokerage e os limites da aplicação da Instrução CVM n° 530/2012 aos intermediários” [Synthetic Prime Brokerage and the limits of application of CVM Rule No. 530/2012 to intermediaries]. Revista de Direito das Sociedades e dos Valores Mobiliários: Edição Comemorativa dos 45 Anos das Leis nº 6.385 e 6.404, vol. 1, December 2021, p. 357-391.

 

Summary

  1. Introduction
  2. Facts
  3. The role of financial institutions in synthetic prime brokerage

3.1 Synthetic Prime Brokerage

3.1.1. First step

3.1.2 Second step

3.2 The prime broker as an agent for its clients

  1. Limits of CVM Rule No. 530/12

4.1. Purposes of the rule

4.2 Prohibition targets

4.3 Breaches to the rule

  1. Charges brought against the Bank
  2. Administrative liability
  3. Answer to the questions and summary of conclusions

 

Available at:

Dias, Luciana. Synthetic Prime Brokerage and the limits of application of CVM Rule No. 530/2012 to intermediaries, 2021 (in Portuguese).