Gabriela de Ávila Machado
Lawyer at Marcos Martins Advogados
The CVM published Ordinance CVM/PTE 104/20, setting the deadlines for obtaining registrations and indicating the risk classification of authorized activities at three levels:
(i) Light, irrelevant or non-existent,
(ii) Moderate, and
(iii) High.
The registration of Publicly Traded Companies, for example, must be completed within 40 working days and the activity is considered high risk.
The Ordinance is yet another measure taken by the CVM to meet the requirements of the Economic Freedom Act and allows for greater foresight on the part of interested parties.
