Express Lane For Brazil Trading Rights
This article appears courtesy of Institutional Investor
Foreign investors: Brazil wants your money. And to get it, the country plans to make it easier for you to invest there.
The Brazilian securities regulator, CVM, will set up a Web site where foreigners can register and obtain the necessary licenses to buy and sell stocks, bonds and derivatives. "The idea is to shorten the licensing process to 24 hours or, at most, 48," CVM's Roberto Mendonca told Reuters. Currently, it can take up to 10 days to get a license.
Mendonca said the Web site will be available on Nov. 11.