The Brazil Securities Commission (CVM) will hold a judgment session starting at 15:00 on 21 October 2025 in Administrative Sanctioning Proceeding PAS 19957.016074/2024-72, examining possible liability of Edson Jacintho Borges, liquidator of CCX Carvão da Colômbia S.A. (in liquidation), for failing to submit the 2022 and 2023 registration forms. The alleged breach concerns Article 24 (sole paragraph) of CVM Resolution 80, in light of Article 48(3) of the same resolution. The session is open to the public and will take place in person at the CVM’s headquarters in Rio de Janeiro with an option to follow by videoconference; if neither the accused nor their appointed counsel indicates an intention to participate, the case will be decided in a restricted session via electronic voting. The technical staff report made available with the notice may be amended after the judgment session.
Brazil Securities Commission (CVM) 2025-10-20
Brazil Securities Commission to hear sanctioning case against CCX Carvão da Colômbia liquidator for missing 2022–2023 registration forms
The Brazil Securities Commission (CVM) will conduct a public judgment session on 21 October 2025 to assess the liability of Edson Jacintho Borges, liquidator of CCX Carvão da Colômbia S.A., for not submitting 2022 and 2023 registration forms. The case involves a potential breach of Article 24 of CVM Resolution 80. The session will be held at CVM's headquarters in Rio de Janeiro, with options for in-person or videoconference attendance.