Regulatory Alerts2014-10-25
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CVM Resolution No. 234 of December 30, 1997
The Brazilian Securities and Exchange Commission (CVM) mandates that publicly-held companies submit specific standardized forms detailing capital increases via private subscription and private subscriptions of other securities. These forms must be filed with the CVM's Registry Management within three business days of the subscription closing, with initial retrospective data for 1995-1997 due by January 23, 1998. Non-compliance results in a daily fine of R$100.00 per delayed form submission.
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