The National Council for Personal Data and Privacy Protection (“CNPD”) approved the Resolution CNPD n. 01, that established the CNPD’s Regimental Structure, providing rules regarding the entity’s structure and functioning. The CNPD is an advisory entity subpart of the Brazilian National Data Protection Authority (“ANPD”), with statutory authority to: propose strategic guidelines and provide subsidies for the preparation of Personal Data Protection and Privacy National Policy and for the operation of the ANPD; prepare annual reports to evaluate the execution of the actions of the Personal Data Protection and Privacy National Policy and hold public debates and public hearing on

In July 1, 2022, the Brazilian Securities and Exchange Commission (“CVM”) Resolution No. 88/2022 (“RCVM 88”), entered into force, revoking CVM Instruction No. 588/17 (“ICVM 588”) and regulating the public offering of securities issued by small companies, carried out with exemption from registration, through electronic platforms for equity investment. Equity Crowdfunding has emerged as a new and simplified way of raising public funds for the financing of companies, projects and new ventures in the digital environment. Fundraising is enabled through digital platforms that advertise the offerings and intermediate investments between the offering company and the general public. This type of

On June 13, 2022, the Provisional Measure no. 1,124/2022 – (“MP 1,124/2022”), which transformed the Brazilian National Data Protection Authority (“ANPD”) into a special autarchy, with financial and administrative autonomy, changing the provision of Article 55-A of the Brazilian General Data Protection Law (“LGPD”) was edited. This transformation will grant the ANPD financial and administrative autonomy, beyond the current technical and decisional autonomy, allowing the new autarchy the possibility to better assess its priorities and decide its course of actions, leading to more security and enhancing data protection. The new rule will also give the ANPD the power to file