2020-01-28
The Brazilian Securities and Exchange Commission (CVM) issued Instruction No. 618 to amend the effective dates of specific provisions within CVM Instruction No. 612. The regulation establishes that the general instruction enters into force on September 1, 2020, while specific amendments to CVM Instruction No. 505 take effect on March 2, 2020, and May 4, 2020, respectively. This adjustment modifies the implementation timeline for previously established regulatory requirements.
SECURITIES AND EXCHANGE COMMISSION OF BRAZIL - CVM Rua Sete de Setembro, 111/2-5th and 23-34th Floors, Center, Rio de Janeiro/RJ – ZIP: 20050-901 – Brazil - Tel.: (21) 3554-8686 Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors, Bela Vista, São Paulo/ SP – ZIP: 01333-010 – Brazil - Tel.: (11) 2146-2000 SCN Q.02 – Bl. A – Ed. Corporate Financial Center, S.404/4th Floor, Brasília/DF – ZIP: 70712-900 – Brazil - Tel.: (61) 3327-2030/2031 www.cvm.gov.br
CVM INSTRUCTION NO. 618, OF JANUARY 28, 2020 Amends the entry into force deadline of provisions of CVM Instruction No. 612, of August 21, 2019.
THE PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION - CVM makes public that the Board, in a meeting held on this date, based on the provisions of art. 18, item II, letters “a” and “c” of Law No. 6.385, of December 7, 1976, APPROVED the following Instruction:
Art. 1st Art. 5 of CVM Instruction No. 612, of August 21, 2019, shall be effective with the following wording:
“ Art. 5 This Instruction enters into force on September 1, 2020, with the exception: I – of the new wording given to § 1 of art. 25 of CVM Instruction No. 505, of September 27, 2011, which shall apply from March 2, 2020; and II – of the new wording given to §§ 5 to 8 of art. 4 of CVM Instruction No. 505, of September 27, 2011, which shall apply from May 4, 2020.” (NR)
Art. 2nd This Instruction enters into force on March 2, 2020.
Signed original by MARCELO BARBOSA President