|FGV-Rio students will produce studies for the CVM|
Educate and contribute to the capital market regulator, all at the same time. Such is the goal pursued by the Rio de Janeiro branch of the Getulio Vargas Foundation (FGV-Rio) The institution is preparing to enter an agreement with the Brazilian Securities and Exchange Commission (CVM) in the near future. FGV-Rio intends to have its Capital Market Clinic students produce studies to assist the regulator with regulatory developments.
Launched in early 2010, the clinic is offered as an optional course within the Foundation's law program, with one class per week over a six-month period. Its purpose is to develop in-depth studies on a wide range of subjects pertinent to the capital market. In its first semester, the chosen topic was application of the Consumer Defense Code to investment funds. In this second half of the year, the group is striving to create a guidebook targeted at public sector managers, on the subject of Additional Construction Potential Certificates (Cepacs).
Through its covenant with the CVM, FGV-Rio is proposing to define the topic jointly with the regulator. According to Ligia Fabris Campos, coordinator of FGV-Rio's Legal Practice Group, the underlying idea is for the course's students to effectively contribute toward the development of Brazil and its capital market. The material will be disseminated to parties with an interest in the subject, including investors, companies and banks.