The Brazil Securities Commission (CVM), through its Superintendence of Corporate Relations (SEP), published Circular Letter CVM/SEP 2/2025 detailing new enhancements implemented in the Empresas.Net system during the first quarter of 2025 for registered issuers and registered foreign companies. The changes include updates to the Reference Form (Formulário de Referência, FRE) full PDF report generation, adding information on persons with disabilities (PCD), enabling Excel export and import, and making a specific table optional for foreign companies. In IPE Online, the file upload routine was adjusted to address “loading failure” issues, and voting map labels were aligned with the descriptions used in CVM Resolution 81. SEP noted that earlier system updates had been communicated in February via Circular Letter CVM/SEP 1/2025.
Brazil Securities Commission (CVM) 2025-03-31
Brazil Securities Commission announces first quarter 2025 upgrades to the Empresas.Net issuer filing system
The Brazil Securities Commission (CVM) announced enhancements to the Empresas.Net system for registered issuers and foreign companies, including updates to the Reference Form and improvements in file upload routines. Changes involve adding information on persons with disabilities, enabling Excel export/import, and aligning voting map labels with CVM Resolution 81. Previous updates were communicated in February via Circular Letter CVM/SEP 1/2025.