Regulatory Alerts2014-10-25
CVM Resolution No. 533 of January 29, 2008
The Brazilian Securities and Exchange Commission (CVM) delegates authority to the Superintendent of Securities Registration to waive the requirement for an economic-finibility study in specific public offering registration cases. This waiver applies cumulatively when the issuer is less than two years old but controls older operating entities, when no other exemptions under Instruction 400 apply, and when the prospectus fully discloses additional costs and financial viability impacts. The resolution aims to streamline the registration process for such offerings while ensuring adequate investor protection through comprehensive disclosure.
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