Brazil: Public Offerings
Mattos Filho Veiga Filho Marrey Jr e Quiroga Advogados, São Paulo |
May 01, 2009
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Mattos Filho Veiga Filho Marrey Jr e Quiroga Advogados
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Al. Joaquim Eugênio de Lima, 447
São Paulo SP - 01403-001
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The Brazilian Securities Commission (CVM) has submitted to public hearing a draft amendment to the regulation on public offerings, namely, CVM Rule 400, dated December 29 2003, as amended. The proposed Rule 400 will harmonise the regulation of public offerings with the regulation recently enacted addressing public offerings of securities distributed with limited underwriting efforts, namely, CVM Rule 476, dated January 16 2009. Moreover, the proposed new Rule 400 is already in line with...
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