{"id":5823,"date":"2019-05-20T09:28:45","date_gmt":"2019-05-20T12:28:45","guid":{"rendered":"http:\/\/www.vivacquaadvogados.com\/?p=5823"},"modified":"2019-08-01T09:29:11","modified_gmt":"2019-08-01T12:29:11","slug":"anbima-regulations-amendments-create-obligations-applicable-to-restricted-debentures-offers","status":"publish","type":"post","link":"https:\/\/www.vivacquaadvogados.com\/en\/anbima-regulations-amendments-create-obligations-applicable-to-restricted-debentures-offers\/","title":{"rendered":"\u201cANBIMA\u201d REGULATIONS &#8211; AMENDMENTS CREATE OBLIGATIONS APPLICABLE TO \u201cRESTRICTED DEBENTURES OFFERS\u201d"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling gradient-container-1\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-margin-top:0px;--awb-margin-bottom:80px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-size:cover;--awb-margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-text fusion-text-1\"><p style=\"text-align: left; font-size: 20px; line-height: 30px;\">The Brazilian Association of Financial and Capital Market Entities (\u201cAssocia\u00e7\u00e3o Brasileira das Entidades dos Mercados Financeiro e de Capitais\u201d &#8211;  \u201cANBIMA\u201d) exercises, among other functions, the activity of self-regulation and supervision of the Brazilian capital market.<\/p>\n<p style=\"text-align: left; font-size: 20px; line-height: 30px;\">Following the conclusion of a public hearing on the proposal to change \u201cANBIMA&#8217;s\u201d Code of Self-Regulation and Best Practices for Structuring and Coordination of Public Offerings for Distribution and Acquisition of Securities (\u201cCode\u201d), \u201cANBIMA\u201d made available the final wording of the new Code.<\/p>\n<p style=\"text-align: left; font-size: 20px; line-height: 30px;\">In summary, new provisions applicable to public offerings of simple debentures, made with restricted distribution efforts, pursuant to \u201cCVM Instruction 476\u201d, of January 2009 \u201cRestricted  Debentures Offers\u201d were included.<\/p>\n<p style=\"text-align: left; font-size: 20px; line-height: 30px;\">\u201cRestricted  Debentures Offers\u201d will be subject to registration before \u201cANBIMA\u201d, which must be requested within 15 days from the date of the closing statement of the \u201cRestricted  Debentures Offers\u201d.<\/p>\n<p style=\"text-align: left; font-size: 20px; line-height: 30px;\">&#8220;Debentures Summary&#8221; &#8211; in order to standardize the information that is made available to investors, \u201cANBIMA\u201d has established a &#8220;Summary of Debentures&#8221;, a mandatory drafting document that should contain the main characteristics and information on the offer, including the indication of any and all relevant risk factors.<\/p>\n<p style=\"text-align: left; font-size: 20px; line-height: 30px;\">This Summary shall be submitted to \u201cANBIMA\u201d together with the request for registration of the restricted offer in question.<\/p>\n<p style=\"text-align: left; font-size: 20px; line-height: 30px;\">In addition, the coordinators of the \u201cRestricted  Debentures Offers\u201d shall inform \u201cANBIMA\u201d if they have a legal opinion prepared by attorneys to advise them on the consistency of the information provided in the Debenture Summary.<\/p>\n<p style=\"text-align: left; font-size: 20px; line-height: 30px;\">The new wording of the Code will come into force on June 3rd, 2019 and will apply to all \u201cRestricted  Debentures Offers\u201d whose initial notice is sent to the \u201cCVM\u201d after that date.<\/p>\n<p style=\"text-align: left; font-size: 20px; line-height: 30px;\">The amendments seek to bring greater security and transparency to investors who participate in \u201cRestricted  Debentures Offers\u201d and to the Brazilian capital market in general.<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5823","post","type-post","status-publish","format-standard","hentry","category-publications"],"_links":{"self":[{"href":"https:\/\/www.vivacquaadvogados.com\/en\/wp-json\/wp\/v2\/posts\/5823\/"}],"collection":[{"href":"https:\/\/www.vivacquaadvogados.com\/en\/wp-json\/wp\/v2\/posts\/"}],"about":[{"href":"https:\/\/www.vivacquaadvogados.com\/en\/wp-json\/wp\/v2\/types\/post\/"}],"author":[{"embeddable":true,"href":"https:\/\/www.vivacquaadvogados.com\/en\/wp-json\/wp\/v2\/users\/1\/"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vivacquaadvogados.com\/en\/wp-json\/wp\/v2\/comments\/?post=5823"}],"version-history":[{"count":1,"href":"https:\/\/www.vivacquaadvogados.com\/en\/wp-json\/wp\/v2\/posts\/5823\/revisions\/"}],"predecessor-version":[{"id":5824,"href":"https:\/\/www.vivacquaadvogados.com\/en\/wp-json\/wp\/v2\/posts\/5823\/revisions\/5824\/"}],"wp:attachment":[{"href":"https:\/\/www.vivacquaadvogados.com\/en\/wp-json\/wp\/v2\/media\/?parent=5823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vivacquaadvogados.com\/en\/wp-json\/wp\/v2\/categories\/?post=5823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vivacquaadvogados.com\/en\/wp-json\/wp\/v2\/tags\/?post=5823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}