Brazil Securities CVM

Resolution CVM 242 Makes CPC Technical Pronouncements Document 29 Mandatory for Public Companies

CVM Resolution 242, effective January 1, 2026, makes mandatory for all public companies (companhias abertas) the Technical Pronouncements Review Document No. 29 issued by the Brazilian Accounting Pronouncements Committee (CPC). The resolution aligns Brazilian accounting standards with recent International Accounting Standards Board (IASB) updates including amendments to IFRS 9 and IFRS 7, Annual Improvements Volume 11, and Nature-dependent Electricity contracts. It modifies six CPC technical pronouncements and introduces minor changes to CPC 12 and CPC Orientation 10 on carbon credits.

CVM Suspends Irregular Securities Offerings by NLC Confinamentos, Mineradora NLC, and Partners

CVM Brazil, through Deliberação CVM 907, ordered the immediate suspension of securities offerings by NLC Confinamentos S/A, Mineradora NLC Ltda., and their direct and indirect partners Emerson Renato Muller and Marcos Rodrigo Matias. The entities offered unregistered securities including shares in NLC Confinamentos S/A, the Nelore Coin (NLC) token, and the NLCD dividend asset, purportedly tied to cattle and gold mining operations. Non-compliance with the suspension order carries a daily fine of R$ 100,000.00 under Article 11 of Lei 6.385.

OnilX Stop Order Excludes Crypto-Asset Intermediation

CVM's Colegiado issued Ato Declaratório 25.300 on April 16, 2026, amending Ato 24.680 to clarify that the stop order against the OnilX group does not prohibit cryptocurrency intermediation activities, as these fall outside CVM's regulatory perimeter. The amended declaration excludes Bitcoin, Ethereum, and USDT trading that does not constitute securities. Securities intermediation without CVM authorization remains prohibited, with non-compliance subject to daily fines of R$ 1,000.