Annual Report
ANBIMA
2011
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29
which time the creation of a Division of Ifie
(
International Forum for Investor Education)
was approved. The division, which will aim to
exchange experiences on Investor Education,
will be led by ANBIMA.
In the domestic market, the expansion of
supervision activities was a natural step after
the release of three new ANBIMA codes in
2010:
the ABVCAP/ANBIMA Code for FIP
(
Private Equity) and FIEE (Venture Capital
Funds) Markets, the Wealth Management Code
and the Open Market Code.
In the case of the FIP and FIEE Code, supervision
activities started with institutions’ accession
and the registration of funds, also followed by
the process of analyzing documentation sent
by the adherent institutions. Also during the
year, a methodology was developed for visiting
institutions.
In the asset manager segment, the first
semester was dedicated to the development
of a methodology for educational visits,
which were implemented in the second half
of the year. During the visits, the Supervision
area explained the code, clarified doubts and
collected important information for the creation
of an in loco supervision methodology, which
will be developed in the second semester
of 2012. In 2011, 13 of the 27 adherent
institutions were visited. The objective is that
the remaining institutions receive visits during
the first semester of 2012.
The new Open Market Code, released in
December of 2010, was the result of the
republication of the Operational Market Code.
In the case of the segment, the first semester
of 2011 was dedicated to mapping the world
of supervision, identifying the performance
of activities reached by the Code for each
institution. The year was also marked by the
development of an Operators Registration
System, a tool that allows institutions adhering
to the Open Market Code to register their
operators of fixed income and OTC derivatives
and consult the information on professionals
working in other institutions. With the system,
which is planned to launch in 2012, the
Association helps to encourage transparency in
the segment.
Along with the expansion of activities for new
segments, several improvements to the self-
regulation processes were made, reinforcing
the Association’s commitment to maintain, in
relation to their internal processes, the same
quality standards expressed in the requirements
Stimulate the creation of rules, parameters and operating principles
that encourage constant improvement of operational standards and
oversee compliance with these standards
