Regulatory Alerts2014-10-25
CVM Instruction No. 440 of October 18, 2006
The Brazilian Securities and Exchange Commission (CVM) issued Instruction No. 440 to amend Article 16-B of CVM Instruction No. 243. The amendment mandates that open companies must obtain prior approval from their Board of Directors to transfer their registration from an organized over-the-counter market to a stock exchange. Additionally, the company is required to publish a relevant fact notice regarding the approval and ensure that the transfer occurs without interrupting the trading of its securities.
Share