Regulatory Alerts2026-07-15
Added · Updated
Instruction COSOB No. 26-04 of July 15, 2026, Defining the Conditions and Procedures for the Registration of Stock Market Promoters
This instruction establishes the conditions and procedures for registering stock market promoters to assist companies seeking admission to the Growth or Emerging segments of the stock exchange. Eligible entities include banks, financial institutions, IOBs, venture capital firms, accounting firms, and other legal entities providing advisory services, subject to specific qualification requirements for activity managers and submission of detailed documentation. Registration is valid for three years, requires renewal applications filed at least two months prior to expiration, and mandates the declaration of any modifications to registration conditions within seven days. The Commission retains the authority to remove promoters from the list for non-compliance, inactivity exceeding twelve months, or failure to meet ongoing registration conditions.