Regulatory Alerts2014-10-25
CVM Instruction No. 309 of June 10, 1999
The Brazilian Securities and Exchange Commission (CVM) issued Instruction No. 309 to amend Articles 5, 6, 7, and 18 of CVM Instruction No. 202/1993. The regulation mandates that publicly held companies designate a Director of Investor Relations responsible for providing information to investors and regulatory bodies. It also establishes a daily coercive fine schedule for companies failing to maintain their registration and financial disclosures in accordance with CVM rules.
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