Rule · CVM · 5 Mar 2026

CVM Resolution No. 241 of March 5, 2026

Substitute directors must participate in lottery for reporting administrative processes when three or more Collegiate Board vacancies exceed thirty days. If a substitute director is impeded or suspected, the lottery must include the next director in precedence order. Once three or more titular members return, processes attributed to substitutes must be redistributed via new lottery, returning those linked to filled vacancies to titular members. Changes in precedence order do not require redistribution of already sorted processes. This resolution amends CVM Resolution No. 24 of March 5, 2021, and enters into force upon publication.

BrazilComissão de Valores Mobiliários
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