Regulatory Alerts2020-03-31
CVM Deliberation No. 849 of March 31, 2020
The Brazilian Securities and Exchange Commission (CVM) issued Deliberation No. 849 to extend regulatory deadlines for public companies and investment funds due to the economic impacts of the COVID-19 pandemic. The resolution grants specific extensions for the submission of financial statements, annual reports, and quarterly information, while also authorizing virtual general assemblies for all regulated investment funds throughout 2020. Additionally, it suspends the effectiveness of certain acquisition notification requirements for professional investors and establishes automatic approval mechanisms for fund financial statements when assemblies cannot be convened.
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