BC and CVM facilitate foreign investments in the country's financial and capital markets
The CVM and the BCB published Joint Resolution No. 13 on 12/03/2024, which revokes CMN Resolution 4373 and simplifies the rules for foreign investments in the financial and securities markets. The rule aims to attract more investors, reduce costs and improve the business environment in Brazil.
The changes include the simplification of procedures, expansion of assets to back DRs, facilitation of investments via specific accounts, extension of the document retention period and adoption of risk-based criteria. The new regulations, the result of public consultation, come into effect on January 1, 2025.
CVM public consultation with proposals for the new EASY Regime for smaller companies
The Securities and Exchange Commission – CVM has made available to the general public of investors the public consultation of the proposed rules that establish the Facilitation of Access to Capital and Incentive to Listings – FÁCIL regime, which is part of the CVM 2024 Regulatory Agenda, bringing new rules, on an experimental basis, that promote facilitation of entry and access of smaller companies to the capital market.
Suggestions and comments can be sent until 12/6/2024 to the CVM email conpublica0124@cvm.gov.br.
CVM issues 27 new Resolutions related to Decree 10.139/19 – Accounting Standards Update
By: André Jerusalmy On May 20, 2022, the Accounting and Auditing Standards Superintendence (SNC) of the Securities and Exchange Commission issued 27 resolutions. This measure is part of the strategy of reviewing and consolidating normative acts below the decree, determined by Decree 10.139/2019. The resolutions are: CVM Resolution 90: consolidates CPC 01 (R1) and revokes […]
DIFAL: ADIs 7066 and 7075 have preliminary injunctions denied
No último dia 18 de maio, o Ministro Alexandre de Moraes indeferiu as liminares pleiteadas pela Associação Brasileira da Indústria de Máquinas e Equipamentos (ABIMAQ) e pelo Sindicato Nacional das Empresas Distribuidoras de Produtos Siderúrgicos (SINDISEDER) nas Ações Diretas de Inconstitucionalidade (ADI’s) nºs 7066 e 7075. Os pedidos objetivavam suspender a exigibilidade do diferencial de […]
CVM changes crowdfunding rules
By: André Jerusalmy On April 27, 2022, the Brazilian Securities and Exchange Commission (“CVM”) released Resolution CVM 88, which substantially modifies the rules regarding public offerings of small companies. The new resolution seeks to facilitate and improve the current rules for “crowdfunding”, which is a method of raising funds through […]
Market Demands Agility in Regulation of the New Exchange Rate Framework
By: André Jerusalmy The new Legal Framework for the Foreign Exchange Market, enacted on December 28, 2021, foresees important changes for financial agents, importers, exporters and all persons (whether individuals or legal entities) who wish to operate in foreign currency. However, for the provisions of the new law to come into effect, it is necessary to […]
Football clubs enter the token market
By: André Jerusalmy Just like cryptocurrencies, the word 'token' has started to be used very frequently in recent times. In short, tokens are digital representations of an investment, such as money or assets in general. Currently, there are several types of tokens with different functionalities, the main ones being: payment token, used for money transfers; […]
STF concludes discussion on (Im)seizability of guarantor’s property in lease – Topic 1,127
By: Vitor Antony Ferrari, Ivan Kubala As we have already announced, Extraordinary Appeal 1307334 is currently being processed at the Federal Supreme Court (STF), discussing the constitutionality of the (non)seizability of the residential property of the guarantor of a lease agreement. At the time, the judgment already had eight votes, all of which were cast on August 12, after […]
The use of “Teimosinha” as a tool for researching debtors’ assets
By: Vitor Antony Ferrari, Ivan Kubala A decision by the Court of Justice of São Paulo recently circulated in several communication channels authorizing the “teimosinha”, a tool that allows the instant and continuous search of assets in the accounts of debtors, whether individuals or legal entities, until the full satisfaction of the credit. The aforementioned positioning […]
Have You Heard of Plural Vote?
By: André Jerusalmy On August 26, 2021, Law No. 14,195/2021 was published, which brought several changes to corporate legislation with the aim of making the national market more competitive from a regulatory point of view. One of the most innovative issues was the institution of plural voting in public limited companies. […]
