The Brazil Securities Commission’s Superintendence of Corporate Relations cancelled the issuer registration of the incentivised company TBM-Têxtil Bezerra de Menezes S/A under Article 14 of CVM Resolution 10, citing a failure to provide information to the regulator and the fact that the registration had been suspended for more than 12 months. Following cancellation, the company’s securities cannot be admitted to trading on regulated markets, including organised over-the-counter markets, exchanges, or unorganised over-the-counter markets. The measure does not relieve the company, its controlling shareholders, or its managers from responsibility for any prior violations.
Brazil Securities Commission (CVM) 2025-07-11
Brazil Securities Commission cancels TBM-Têxtil Bezerra de Menezes’ issuer registration after prolonged suspension for missing disclosures
The Brazil Securities Commission (CVM) cancelled the issuer registration of TBM-Têxtil Bezerra de Menezes S/A under Article 14 of CVM Resolution 10 due to non-compliance with information requirements and a suspension exceeding 12 months. Consequently, the company's securities are barred from trading on regulated and unorganised markets. The cancellation does not absolve the company or its stakeholders from liability for previous infractions.