Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 160

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 4
Chunk 160
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 own legal personality and its own equity, independent administrative authority, absence of hierarchical subordination, fixed mandate, stability of its managers, and financial and budgetary autonomy. It was created on December 7, 1976 by Law No. 6,385/76 with the objective of overseeing, standardizing, regulating and developing the Brazilian securities markets in accordance with securities and capital-market policies established by CMN.
 The main objectives of the CVM are:
 
·   ensuring the integrity of the capital markets;
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·   boosting the efficiency of the capital markets;
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·   regulating on issues provided for by law;
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·   monitoring compliance with the legislation applicable to agents working in the capital market; and
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·   promoting the development of the capital markets.
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 The main focus of the CVM in overseeing and regulating the Brazilian capital markets encompasses:
 
·   promoting a culture of investment in the Brazilian capital markets;
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·   increasing the participation in the capital market as a competitive source of financing;
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·   reducing the costs of observance of market participants;
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·   increasing the liquidity of markets;
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·   improving the efficiency of supervision of the market; and
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·   increasing the efficiency of the sanctioning action.
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95 – Form 20-F 2024 | Bradesco
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4.B.70.02 Banking regulations
 
4.B.70.02-01 Main limitations and restrictions on activities of financial institutions
 Under applicable laws and regulations, a financial institution operating in Brazil:
 
·                   may not operate without the prior approval of the Central Bank of Brazil. In the case of foreign banks,                 
     approval of the Central Bank of Brazil may be granted as stated in Decree No. 10,029/19, where it is considered to be in the national  
    interest to do so. Through Circular No. 3,977/20, it was recognized as being in the interest of the Brazilian government for individuals
            or legal entities residing or domiciled abroad to participate in the capital of financial institutions based in Brazil;         
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·   may not invest in the equity of any other company beyond regulatory limits;
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·   may not conduct credit and leasing transactions or provide guarantees of more than 25.0% of its reference
                                     equity (RE) to a single person or group;                                
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·   may not own real estate, except for its own use