Entity takes position on the advertising topic to “Ofícios de Alerta” (“Warning Official Letters”)
The Association of Capital Markets Investors reproduces an article published by Valor Econômico newspaper as of July 11th according to which “the Brazilian Securities and Exchange Commission (CVM) has been analyzing the possibility of making warnings sent to the companies public.” In a document submitted to CVM, the entity explains that the topic was discussed in its Technical Commission’s meetings and that the support of foreign members allowed it to study the situation in other countries – with the Chilean case calling great attention because of its high level of transparency.
After analyzing and studying previous cases, Amec’s members decided to submit to CVM the suggestion that advertising in Warning Official Letters is done on a comply or explain basis.
To access the document, please visit
http://amecbrasil.org.br/wp-content/uploads/2013/11/CARTA-PRESI-14-2013-AMEC-Oficios-de-Alerta-Assinada.pdf
