Regulatory Alerts2020-06-22
CVM Instruction No. 627 of June 22, 2020
The Brazilian Securities and Exchange Commission (CVM) issued Instruction No. 627 to establish a reduced scale for the minimum shareholding percentages required for shareholders to exercise specific rights under the Brazilian Corporations Law. This regulation lowers the thresholds from 5% to 1% based on the company's total share capital, facilitating minority shareholder access to legal and informational remedies. The instruction entered into force on July 1, 2020, and non-compliance is classified as a serious infraction.
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