From now on, the company will enable managers to register Bank Credit Notes (CCBs) and Trade Bills in Credit Rights Investment Funds (FIDCs) efficiently and at a lower cost.
The innovation is in line with the regulatory changes introduced by the new Instruction #175 of the Brazilian Securities and Exchange Commission (CVM), which redefined fund managers' responsibilities in Brazil.
Previously, this duty was assigned to the fund manager, but since the new rules came into force last November, control of information related to credit rights must be transferred to a registrar, under a contract to be defined by the manager.
With the partnership between Apex and B3, local managers can meet the new regulatory requirements with no need to build an additional internal structure, avoiding significant costs - a point that generated many doubts among managers. The solution also offers greater transparency and security to investors, strengthening trust and increasing credibility in the market.
According to Roberto Camargo Cortese, executive regional director responsible for Latin America at the Apex Group, this launch in partnership with the Brazilian stock exchange will provide even greater transparency, efficiency and security to the market.
"This emphasizes our commitment to offering integrated and complete solutions to our clients, who will no longer have to bear costs or look for services from different suppliers. It also marks a maturing of the industry,” says the executive.
About Apex Group
Apex Group was founded in 2003 and is an independent financial services company offering integrated solutions to the financial market. With over 21 years' experience in the investment fund administration and custody business, it stands out for its expertise in services such as fiduciary administration for on and offshore funds, controllership, middle office, non-discretionary management, ESG consulting, corporate services. and fundraising. In addition, Apex connects global managers and allocators, building strategic and relevant relationships.
Apex Group has been present in Brazil since 2020 and is the absolute leader in providing administration and custody services for structured funds, according to a ranking based on ANBIMA data. The Brazilian operation has more than 250 clients, R$ 500 billion in custody, around 850 funds and 250 other investment structures for non-resident investors in Brazil. Apex's operating model centralizes services in a single supplier, offering cost efficiency, streamlined communication, and integrating solutions in Brazil and abroad.
With 112 offices around the world, Apex manages US$ 3.4 trillion in assets under service. In the last 10 years, it has acquired 40 companies globally, including two in Brazil, consolidating its position as a “single source solution” for its clients.
Press office:
Ana Carolina Neira
ananeira@tmcomunicacoes.com.br
Edson Oliveira
edson@tmcomunicacoes.com.br
