Regulatory Alerts2026-03-05
CVM Resolution No. 241 of March 5, 2026
The Brazilian Securities and Exchange Commission (CVM) issued Resolution No. 241 to amend Resolution No. 24 of 2021 regarding the assignment of case reporting duties. The amendment establishes specific procedures for substitute directors to participate in the lottery for administrative process reporting when three or more vacancies exceed thirty days. It further mandates the redistribution of cases upon the restoration of the full Collegiate Board membership and clarifies that changes in precedence order do not require re-sorting already assigned provisional reports.
CVM RESOLUTION NO. 241, OF MARCH 5, 2026 Amends CVM Resolution No. 24, of March 5, 2021.
The INTERIM PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION – CVM makes public that the Collegiate Board, in a meeting held on March 5, 2026, based on art. 8 of Annex I of Decree No. 11.234, of October 10, 2022, in § 7 of art. 6 of Law No. 6.385, of December 7, 1976 and in art. 6 of CVM Resolution No. 24, of March 5, 2021, APPROVED the following Resolution:
Art. 1 The Annex I of CVM Resolution No. 24, of March 5, 2021, published in the Official Gazette of the Union ("DOU") of March 8, 2021, shall be in effect with the following wording:
“Art. 90 ........................................ ........................................ § 9 Substitute directors shall participate in the lottery for the designation of reporting of administrative processes when there are three or more vacancies in the Collegiate Board exceeding thirty days, so that the lottery takes place among three members. § 10. In the event of impediment or suspicion of the substitute director, the lottery of the administrative processes shall include the next in the order of precedence of the list. § 11. Once the composition of the Collegiate Board is restored with three or more titular members, the processes whose reporting was provisionally attributed to substitute directors must be redistributed, through a new lottery, to define the new reporting. The processes whose reporting was attributed to the vacancies that were vacant must return to the titular members of the respective vacancies. § 12. The alteration in the order of precedence of the list shall not imply the need to redistribute the processes already sorted for provisional reporting, so that the substitute director shall remain as reporter until the exclusion of his name from the list or the condition of § 10 is verified, whichever occurs first. ........................................” (NR)
Art. 2 This ordinance shall enter into force on the date of its publication.
Signed electronically by JOÃO CARLOS DE ANDRADE UZÊDA ACCIOLY Interim President