Internal Control Mechanisms
Santander CACEIS Brasil DTVM S/A

Santander CACEIS Brasil DTVM adopts internal control mechanisms aligned with the regulations defined by CVM (local SEC), the Central Bank of Brazil, ANBIMA and the best international practices implemented by Santander Group.

In this sense, it has adopted the principles of definition and supervision of 3 lines of defense: (i) the first line is the business area itself, which has the obligation to carry out risk control in its daily activity; (ii) the second line is the Risk and Regulatory Compliance department, dedicated to the application and supervision of internal policies and verification of compliance with legal provisions; (iii) the third line is internal audit.

Santander Group considers that the correct implementation of the 3 lines of defense is an effective risk control instrument.