The Corporate Issuer Relations Superintendence of the Brazil Securities Commission (CVM) issued Circular Letter CVM/SEP 1/2025 to guide listed companies on new document associations in the Empresas.Net system for submitting voting maps for shareholder meetings convened from 1 January 2025, in line with the timelines in CVM Resolution 81. The update applies to voting-map submissions for annual general meetings (AGO), extraordinary general meetings (AGE) and combined meetings (AGO/E). It confirms that, 24 hours before the meeting, companies must submit the synthetic maps from the central depository, the share registrar (escriturador) and votes sent directly to the company, but notes that Article 46-B allows companies to forgo publishing these separate synthetic maps if they instead make available the consolidated synthetic map under Article 46-C(II) within the same 24-hour deadline. After the meeting, a final summary voting map is due by the next business day unless the company files a detailed final voting map by that same deadline; the detailed final voting map must in any case be filed within seven business days of the meeting.
Brazil Securities Commission (CVM) 2025-02-05
Brazil Securities Commission sets new Empresas.Net filing associations and deadlines for shareholder meeting voting maps under Resolution 81
The Brazil Securities Commission's Corporate Issuer Relations Superintendence issued Circular Letter CVM/SEP 1/2025, guiding listed companies on document associations in the Empresas.Net system for voting map submissions for shareholder meetings from 1 January 2025, per CVM Resolution 81. Companies must submit synthetic maps 24 hours before meetings, with an option for a consolidated map. A final summary voting map is due the next business day, or a detailed map within seven business days.