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
- Introduction
- Facts
- 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
- Limits of CVM Rule No. 530/12
4.1. Purposes of the rule
4.2 Prohibition targets
4.3 Breaches to the rule
- Charges brought against the Bank
- Administrative liability
- 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).