Regulatory Alerts2014-10-25
CVM Resolution No. 476 of January 25, 2005
The Brazilian Securities and Exchange Commission (CVM) delegates authority to the Superintendent of Securities Registration to grant exemptions from specific registration requirements under Instruction CVM No. 400/2003 and to approve price stabilization contract templates. This delegation covers exemptions regarding preliminary and definitive prospectus publication, disclosure of individual offeror details in advertisements, and restrictions on placing securities with affiliated persons during oversubscribed offerings. Additionally, the Superintendent is empowered to approve standard price stabilization contracts that ensure transaction transparency and prevent market manipulation.
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