Regulatory Alerts2020-04-07
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CVM Resolution No. 850 of April 7, 2020
The Brazilian Securities and Exchange Commission (CVM) delegates authority to the Securities Registration Superintendency to approve registration exemption requests for open Credit Rights Investment Funds (FIDC). This delegation applies to public distribution offers that fully comply with the restricted effort requirements of CVM Instruction No. 476/09. The measure aims to streamline the approval process for exemptions from prospectus and announcement publication requirements, thereby benefiting market participants and investors.
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