The Brazil Securities Commission's Superintendence of Securities Registration suspended the public offering of real estate receivables certificates, or CRI, from the second series of the 286th issuance by Riza Securitizadora S.A. The offer had been registered under the automatic distribution process on June 22, 2026. The suspension follows a review of the offering documents that identified irregularities, with the most serious involving the absence of the debtors' financial statements. Under the technical area's assessment, those financial statements should have been prepared in accordance with Law 6,404/76 and audited by an independent auditor registered with the Brazil Securities Commission, as required in this case by CVM Resolution 60 and Annex E to CVM Resolution 160. The authority cited the applicable legal and regulatory framework, including Laws 9,514/97 and 14,430/22, CVM Resolutions 160 and 60, and SRE Circular Letter 01/2021. The suspension applies immediately for up to 30 days, ending on August 12, 2026, during which the defects that led to the measure must be fully remedied. If the irregularities are not corrected within that period, the Superintendence may cancel the offering definitively.
Brazil Securities Commission (CVM)2026-07-10
Brazil Securities Commission suspends Riza Securitizadora CRI offer for up to 30 days over documentation irregularities
The Brazil Securities Commission suspended Riza Securitizadora's CRI offering after identifying irregularities in the documentation reviewed under the automatic distribution process. The main issue was the absence of the debtors' financial statements, which were required to be prepared and audited under CVM rules. The offer is suspended for up to 30 days until August 12, 2026, after which it may be cancelled if the issues remain unresolved.