CVM issues instruction that includes stock in the list of assets that can be publicly distributed with restricted efforts

On September 25, CVM issued the Instruction No. 551/14, which makes changes and adds provisions to the Instructions No. 332/00, No. 400/03, and No. 476/09.
The major objective is to allow the public distribution with restricted efforts of category A issuers’ shares and correlated securities, such as convertible debentures.
To this end, CVM had to make some adjustments to the Instruction No. 476/09. The major ones were: (i) the inclusion of a system to grant the priority right to former shareholders; and (ii) the non application of the 90-day trading restriction to the shares, subscription bonus and shares deposit certificates.
Click here to access all CVM’s documents about the changes to the Instruction No. 551/14.