Post by account_disabled on Feb 22, 2024 8:27:56 GMT
In this sense, the authority will supervise, through an automated tool, investment funds regarding advertising and the compliance of their fundraising with the retail public and their own social security schemes (RPPS).
Supervision will be carried out through a comprehensive analysis of all publications on social networks related to the funds, including posts, comments, news and advertisements, to ensure their compliance with established standards.
Additionally, an automated tool will be used monthly to identify funds destined for retail or the RPPS public that have achieved positive uptake in the reference month and a check will be carried out, by sampling, to ensure that the target audience complies with the segment rules.
As mentioned, the biennial plan introduced new Bulgaria WhatsApp Number areas of thematic supervision, which reflect the CVM's recognition of the need for anticipation and proactive management in the face of changes and challenges that may impact the securities market.
The first new supervision topic is related to digital influencers with an impact on the capital market.
The CVM started to adopt the initial phase of a supervision process that aims to analyze and monitor, through artificial intelligence tools, the actions of digital influencers who focus their content on the financial and capital markets.
With the increase in the number of individuals entering the Stock Exchange and the exponential growth in the use of social networks by individual investors, combined with the actions of digital influencers, the CVM seeks to understand the capacity of these agents to influence investment decisions, the impact of recommendations in the markets, as well as irregularities in performance, such as possible classification as independent agents or investment advisors.
The implementation of this initial phase aims to provide a solid foundation for improving supervision in the coming years.
Governance in ESG/ASG actions in the securities market
In the last two years, the CVM published new resolutions that expanded the regulatory scope regarding environmental, social and governance criteria (ESG/ASG) in the provision of periodic and financial information.
Given the convergence of some of these offers with collective investment contracts (CIC), especially when tokens offer fixed monthly returns, and with securities, when offering fixed or variable remuneration, the CVM highlighted the need for an in-depth analysis and mapping ongoing token offerings on the main cryptocurrency exchanges.
Supervision will be carried out through a comprehensive analysis of all publications on social networks related to the funds, including posts, comments, news and advertisements, to ensure their compliance with established standards.
Additionally, an automated tool will be used monthly to identify funds destined for retail or the RPPS public that have achieved positive uptake in the reference month and a check will be carried out, by sampling, to ensure that the target audience complies with the segment rules.
As mentioned, the biennial plan introduced new Bulgaria WhatsApp Number areas of thematic supervision, which reflect the CVM's recognition of the need for anticipation and proactive management in the face of changes and challenges that may impact the securities market.
The first new supervision topic is related to digital influencers with an impact on the capital market.
The CVM started to adopt the initial phase of a supervision process that aims to analyze and monitor, through artificial intelligence tools, the actions of digital influencers who focus their content on the financial and capital markets.
With the increase in the number of individuals entering the Stock Exchange and the exponential growth in the use of social networks by individual investors, combined with the actions of digital influencers, the CVM seeks to understand the capacity of these agents to influence investment decisions, the impact of recommendations in the markets, as well as irregularities in performance, such as possible classification as independent agents or investment advisors.
The implementation of this initial phase aims to provide a solid foundation for improving supervision in the coming years.
Governance in ESG/ASG actions in the securities market
In the last two years, the CVM published new resolutions that expanded the regulatory scope regarding environmental, social and governance criteria (ESG/ASG) in the provision of periodic and financial information.
Given the convergence of some of these offers with collective investment contracts (CIC), especially when tokens offer fixed monthly returns, and with securities, when offering fixed or variable remuneration, the CVM highlighted the need for an in-depth analysis and mapping ongoing token offerings on the main cryptocurrency exchanges.
