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CVM suspends registration of 3 subsidized companies

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This post was translated by Regulatory.News for informational purposes only; the content below is not an official translation from the regulator. See the content in its original language here.

The Superintendence of Relations with Companies (SEP) of the Brazilian Securities and Exchange Commission (CVM) informs that the registration has been suspended , as referred to in art. 2 of CVM Resolution 10, of the incentivized companies Hotel Costa Azul SA, Gramazon Granitos da Amazônia SA and TBM-Têxtil Bezerra de Menezes SA , due to non-compliance, for more than a year, with the obligation to provide information to the Autarchy (provided for in the same resolution ).

The technical area warns that some documents delivered by the companies were disregarded, as they were in disagreement with the provisions of the relevant standards.

Finally, the SEP reminds that, while registration is suspended, companies cannot have the securities issued by them admitted to trading on regulated markets, namely: organized over-the-counter, stock exchange or non-organized over-the-counter.

Remember!

The suspension does not exempt the companies, their controllers and administrators from the responsibility arising from any infractions committed until the cancellation of the registration.

More information

Access the notice published by the SEP/CVM

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Regulator Information

Abbreviation: CVM
Jurisdiction: Brazil

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