Public Hearing on Insider Trading in Real Estate Funds
By: André Jerusalmy On December 14, 2021, CVM put on the agenda the proposal to change CVM Instruction 472, which deals with Real Estate Investment Funds (“FIIs”) to include an express prohibition on the use of privileged information in the trading of shares of such Funds. The basis is based on […]
Reflections of the Proposal to Modernize CVM Instruction 480 for Publicly Traded Companies
01/27/2021 By André Jerusalmy In the first half of December 2020, the Brazilian Securities and Exchange Commission (CVM) published a public hearing on the draft of a reform of Instruction 480, of December 7, 2009 (Instruction 480), which is the main normative instruction applicable to publicly-held companies. Although Instruction 480 has already been the subject of […]