The new regimes were approved with the objective of continuing with the simplification of processes, expanding financing opportunities through the capital market and more flexible.
The National Securities Commission (CNV) approved General Resolution No. 1063 for the Creation of two new processing and authorization regimes of automatic public offer of financial trusts After making a public consultation. Both will have similar issuance documents, but they will differentiate in the public offer authorization process.
The new regimes were approved with the objective of Continue with processes simplification, Expand financing opportunities through the capital market and make your operation more flexible.
“We are proud to present these two new regimes that simplify and abbreviate processes and, in the case of frequent emitters, remove the requirements of unnecessary procedures before this CNV”he said Roberto E. Silvathe president of the CNV. He also added that “we do this in line with the national government’s deregulation policy, with the aim of modernizing the capital market and promoting its development at national and international level.”
What changes made by CNV in financial trusts?
This measure seeks to provide independence with those Financial Trusts that have a certain amount of emissions within the framework of the capital market, so that, once the amount of 4 (four) total emissions and annuals can request the authorization of public offer by abbreviated process and then, once the 7 (seven) total emissions of which 3 (three) are in the last year, they are no longer required to approve the approval of the CNV is reached for the approval of the CNV. capitals
From the agency, the “relevance” stands out not only to facilitate access to financing to trustees but also to grant predictability with respect to the opportunity in which to issue a product, since it will no longer depend on administrative approval.
As protection of investors and the general public, the regulations provides that the fiduciaries used by special regimes must comply with the general and periodic informative regime applicable to financial trusts and with transparency obligations.
Source: Ambito
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