CVM gets new director with term until 2029

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Jose Antonio Gastelum

1 hour ago

CVM gets new director with term until 2029 — New director at CVM

The CVM now includes Igor Muniz on its board following the approval of his appointment by the Federal Senate. The new director’s term runs until December 31, 2029, according to a decree published on June 3, 2026, in the Official Gazette of the Union.

Highlights

Igor Muniz was appointed director of the Securities and Exchange Commission by presidential decree published on June 3, 2026, with a term until December 31, 2029.
The appointment expands the composition of the CVM, the body responsible for regulating and supervising the Brazilian capital market, following approval by the Federal Senate.
Muniz has extensive legal and regulatory experience, including serving on the Board of Appeals of the National Financial System between 2021 and 2024 and chairing committees at the OAB.

This article was translated from the original. Read the original version by our correspondent here.

Appointment formalizes reinforcement on the board

The Securities and Exchange Commission announced that Igor Muniz’s appointment to the board was formalized by a presidential decree published in the Official Gazette of the Union on June 3, 2026, after approval by the Federal Senate.

With his inauguration to the board, Muniz joins the agency responsible for regulating and supervising the capital markets in Brazil. The act sets the director’s term until December 31, 2029.

Career combines legal and regulatory experience

Igor Muniz holds a law degree from the Federal University of Rio de Janeiro, an Executive MBA from COPPEAD/UFRJ and Instituto de Empresa Madrid, and a master’s degree in Regulatory Law from FGV Direito Rio.

He also completed postgraduate studies in Tax Law at the Brazilian Institute of Tax Studies and participated in extension courses at the University of California and the University of Houston. In his professional career, he has served as a board member of private companies, was a full member of the Appeals Board of the National Financial System between 2021 and 2024, and chaired the Special Capital Markets Commission of the Federal Council of the Brazilian Bar Association.

Muniz is also the author of more than 15 legal articles, coordinator of works in the areas of corporate law and capital markets, and a guest lecturer at educational institutions.

In our previous publication on the vote to fill four vacancies on the Constitutional Court in Portugal, we detailed how the joint selection of new judges could redefine the institutional balance ahead of the constitutional review expected by 2027. We also explained the potential impact of this new composition on matters with economic and regulatory effects, such as taxation, public procurement, and fundamental rights.

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