CVM published, on 05/26/2021, 3 new Resolutions that will replace Instructions currently in force, most of them resulting from the process of revision and consolidation of rules:
(i) CVM Resolution 35: sets forth rules and procedures to be observed in the intermediation of transactions carried out with securities in regulated markets (and revokes CVM Resolution 105 and CVM Instructions 51, 333, 505, 526, 581, 612 and 618);
(ii) CVM Resolution 36: provides for rules and procedures for the organization and operation of commodities brokerage firms (and revokes CVM Instruction 402); and
(iii) CVM Resolution 37: provides for the activity of captation of pulverized orders for sale of shares (and revokes CVM Instruction 454).
According to CVM, these Resolutions do not entail changes of merit and were not submitted to public hearings.
The resolutions come into force on 01/07/2021.
We will review any changes and, if appropriate, publish our specific comments.
To access the new Resolutions, click here: 35, 36 e 37.
The Capital Markets team at Barcellos Tucunduva Advogados is available to clarify any questions related to the above topics.
