The Brazil Securities Commission (CVM) launched a public consultation on a draft rule to align Brazilian accounting pronouncements issued by the Accounting Pronouncements Committee (CPC) with International Accounting Standards Board (IASB) standards. The proposal would make CPC Technical Pronouncements Review Document No. 29, covering changes effective for 2026, mandatory for listed companies, with an intended effective date of 1 January 2026. The draft incorporates IASB-approved amendments covering Contracts Referencing Nature-dependent Electricity, Annual Improvements to IFRS Accounting Standards (Volume 11), and Amendments to the Classification and Measurement of Financial Instruments, including updates to IFRS 9 and IFRS 7. It also includes targeted changes to CPC Guidance No. 10 (CVM Resolution 223) on carbon credits (tCO2e), emission allowances and Decarbonization Credits (CBIO), which the CVM indicates should not change practices already adopted by companies. No regulatory impact assessment was conducted, citing exemptions under Decree 10.411/20. Comments and suggestions can be submitted until 8 December 2025 under the SNC 03/25 public consultation process.
Brazil Securities Commission (CVM) 2025-11-07
Brazil Securities Commission launches consultation on mandatory CPC accounting amendments for listed companies from 1 January 2026
The Brazil Securities Commission (CVM) has initiated a public consultation on a draft rule to align Brazilian accounting standards with International Accounting Standards Board (IASB) standards, effective 1 January 2026. The proposal mandates updates to CPC Technical Pronouncements, including changes to IFRS 9 and IFRS 7, and adjustments to carbon credits and emission allowances guidance. No regulatory impact assessment was conducted due to exemptions under Decree 10.411/20.