2020-10-14

Added · Updated

CVM Resolution No. 8 of October 14, 2020, with amendments introduced by CVM Resolutions No. 15/21, 61/21, and 162/22

CVM Resolution No. 8 regulates the public distribution of Structured Operations Certificates (COE), Financial Notes (LF), and Secured Real Estate Notes (LIG) when registration is waived, requiring issuers to provide an Essential Information Document (DIE) and intermediaries to obtain risk acknowledgment from investors. The resolution exempts specific distribution activities from CVM registration and intermediary requirements for certain financial institutions issuing their own instruments, while mandating strict advertising standards, including risk warnings and the disclosure of past performance data. It also establishes record-keeping obligations for five years and repeals previous instructions and articles from CVM Instructions 400, 476, 480, and 541.

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Law No. 6.385 dated 1976-12-07Law No. 6.385 dated 1976-12-07CVM Instruction 400 of December…2003CVM Instruction 400 of December 29, 2003 - Public Offerings of Securities (2003-12-29)CVM Instruction 476 (Revoked) -…2009CVM Instruction 476 (Revoked) - Public Offerings of Securities with Restricted Efforts (2009-01-16)CVM Instruction 480 (Repealed) …2009CVM Instruction 480 (Repealed) - Registration of Issuers of Securities Admitted to Trading on Regulated Markets (2009-12-07)Instruction No. 541 dated 2013-…Instruction No. 541 dated 2013-12-20Instruction No. 569 dated 2015-…Instruction No. 569 dated 2015-10-14Resolution No. 15 dated 2021-01…Resolution No. 15 dated 2021-01-19Resolution No. 162 dated 2022-0…Resolution No. 162 dated 2022-07-13Resolution No. 61 dated 2021-12…Resolution No. 61 dated 2021-12-27CVM Resolution No. 8 ofOctober 14, 2020, with amendm…2020-10-14 · this documentCVM Resolution No. 8 of October 14, 2020, with amendments introduced by CVM Resolutions No. 15/21, 61/21, and 162/22 (2020-10-14)CVM Resolution No. 15 of Januar…2021CVM Resolution No. 15 of January 19, 2021 (2021-01-19)CVM Resolution 1622022CVM Resolution 162 (2022-07-13)
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Source: Comissão de Valores Mobiliários — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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