The Brazil Securities Commission has expanded the range of public offerings covered by its technical cooperation agreement with the Brazilian Financial and Capital Markets Association, Anbima. From 30 June 2026, issuances of commercial notes, Agribusiness Receivables Certificates, or CRAs, and Receivables Certificates, or CRs, also became eligible for review by Anbima under the arrangement. Offerings that complete Anbima's review and receive an unrestricted opinion can then be automatically registered with the CVM, shortening the registration process. The expanded offering matrix was approved by the agreement's administration commission. The cooperation framework already covered several other public offerings, including credit receivables investment funds, real estate receivables certificates, debentures, real estate funds, agribusiness chain investment funds, infrastructure funds, promissory notes and share offerings such as initial public offerings and follow-ons. Anbima has reviewed 105 public offerings under the agreement so far, representing BRL 42 billion in volume registered with the CVM, with 71% of the transactions linked to real estate funds.
Brazil Securities Commission (CVM)2026-07-13
Brazil Securities Commission expands cooperation with Anbima on public offerings to include commercial notes, CRAs and CRs
The Brazil Securities Commission expanded its cooperation agreement with Anbima on public offering reviews, adding commercial notes, CRAs and CRs from 30 June 2026. Offerings that pass Anbima's review without restrictions can be automatically registered with the CVM, reducing processing time. The framework has already been used for 105 offerings totaling BRL 42 billion.