{"id":71,"date":"2020-08-20T22:06:03","date_gmt":"2020-08-20T22:06:03","guid":{"rendered":"https:\/\/moreiramenezes.com\/?p=71"},"modified":"2020-09-21T14:34:58","modified_gmt":"2020-09-21T14:34:58","slug":"cvm-flexibiliza-regras-aplicaveis-ao-crowdfunding-de-investimento","status":"publish","type":"post","link":"https:\/\/moreiramenezes.com.br\/en\/cvm-flexibiliza-regras-aplicaveis-ao-crowdfunding-de-investimento\/","title":{"rendered":"CVM flexibiliza regras aplic\u00e1veis ao crowdfunding de investimento"},"content":{"rendered":"

De acordo com a Resolu\u00e7\u00e3o ficam autorizadas as seguintes medidas, em car\u00e1ter experimental:<\/p>\n

    \n
  1. utiliza\u00e7\u00e3o de m\u00e9todo alternativo de apura\u00e7\u00e3o da receita bruta anual para fins de caracteriza\u00e7\u00e3o de \u201csociedade empres\u00e1ria de pequeno porte\u201d, em substitui\u00e7\u00e3o ao crit\u00e9rio estabelecido pelo inciso III, do art. 2\u00ba da Instru\u00e7\u00e3o CVM n\u00ba 588\/2017, para que sociedades empres\u00e1rias que tiverem auferido receita bruta de at\u00e9 R$ 5 milh\u00f5es em balan\u00e7o intermedi\u00e1rio apurado entre 01.01.2020 e 30.06.2020 e que n\u00e3o sejam registradas como emissor de valores mobili\u00e1rios na CVM possam realizar capta\u00e7\u00f5es de recursos via\u00a0crowdfunding\u00a0<\/i>de investimento;<\/li>\n
  2. utiliza\u00e7\u00e3o, nas distribui\u00e7\u00f5es parciais de ofertas p\u00fablicas de valores mobili\u00e1rios relacionados a\u00a0crowdfunding\u00a0<\/i>de investimento, de valor alvo m\u00ednimo equivalente ao montante igual ou superior a metade do valor alvo m\u00e1ximo, em substitui\u00e7\u00e3o \u00e0 propor\u00e7\u00e3o de dois ter\u00e7os do valor m\u00e1ximo estabelecida pelo inciso III, do art. 5\u00ba da Instru\u00e7\u00e3o CVM n\u00ba 588\/2017, desde que observadas algumas condi\u00e7\u00f5es; e<\/li>\n
  3. previs\u00e3o de lote adicional em oferta p\u00fablica realizada por meio de plataformas eletr\u00f4nicas de investimento participativo, limitado ao montante de 20% do valor alvo m\u00e1ximo, desde que tal possibilidade: (a) tenha sido aprovada por \u00f3rg\u00e3o societ\u00e1rio deliberativo da sociedade empres\u00e1ria de pequeno porte; (b) esteja prevista no documento que reflete as informa\u00e7\u00f5es essenciais sobre a oferta; e (c) respeite o limite de capta\u00e7\u00e3o previsto no art. 3\u00ba da Instru\u00e7\u00e3o CVM n\u00ba 588\/2017, considerando a somat\u00f3ria do valor alvo m\u00e1ximo e do lote adicional aprovado.<\/li>\n<\/ol>\n

    Tais medidas se aplicam \u00e0s ofertas iniciadas no intervalo entre a entrada em vigor da Resolu\u00e7\u00e3o (20.08.2020) e 31.12.2020.<\/p>\n

    Maiores informa\u00e7\u00f5es, bem como o texto integral da Resolu\u00e7\u00e3o, podem ser encontrados no\u00a0site<\/i>\u00a0da CVM (https:\/\/www.cvm.gov.br\/).<\/p>","protected":false},"excerpt":{"rendered":"

    Em 20.08.2020 a Comiss\u00e3o de Valores Imobili\u00e1rios \u2013 CVM editou a Resolu\u00e7\u00e3o CVM n\u00ba 4\/2020, promovendo altera\u00e7\u00f5es tempor\u00e1rias, em car\u00e1ter experimental, em requisitos regulat\u00f3rios estabelecidos pela Instru\u00e7\u00e3o CVM n\u00ba 588\/2017, que regulamenta o\u00a0crowdfunding\u00a0de investimento (\u201cResolu\u00e7\u00e3o\u201d).<\/p>","protected":false},"author":1,"featured_media":101,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[20],"class_list":["post-71","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-noticias","tag-newsletter71"],"yoast_head":"\nCVM flexibiliza regras aplic\u00e1veis ao crowdfunding de investimento - Moreira Menezes Martins<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/moreiramenezes.com.br\/en\/cvm-flexibiliza-regras-aplicaveis-ao-crowdfunding-de-investimento\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CVM flexibiliza regras aplic\u00e1veis ao crowdfunding de investimento - Moreira Menezes Martins\" \/>\n<meta property=\"og:description\" content=\"Em 20.08.2020 a Comiss\u00e3o de Valores Imobili\u00e1rios \u2013 CVM editou a Resolu\u00e7\u00e3o CVM n\u00ba 4\/2020, promovendo altera\u00e7\u00f5es tempor\u00e1rias, em car\u00e1ter experimental, em requisitos regulat\u00f3rios estabelecidos pela Instru\u00e7\u00e3o CVM n\u00ba 588\/2017, que regulamenta o\u00a0crowdfunding\u00a0de investimento (\u201cResolu\u00e7\u00e3o\u201d).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/moreiramenezes.com.br\/en\/cvm-flexibiliza-regras-aplicaveis-ao-crowdfunding-de-investimento\/\" \/>\n<meta property=\"og:site_name\" content=\"Moreira Menezes Martins\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-20T22:06:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-09-21T14:34:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/4524-1600-min.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"1067\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"mmm\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mmm\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/moreiramenezes.com.br\/cvm-flexibiliza-regras-aplicaveis-ao-crowdfunding-de-investimento\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/moreiramenezes.com.br\/cvm-flexibiliza-regras-aplicaveis-ao-crowdfunding-de-investimento\/\"},\"author\":{\"name\":\"mmm\",\"@id\":\"https:\/\/moreiramenezes.com.br\/#\/schema\/person\/d525376b6c67f0d68e4dfc4475c65d78\"},\"headline\":\"CVM flexibiliza regras aplic\u00e1veis ao crowdfunding de investimento\",\"datePublished\":\"2020-08-20T22:06:03+00:00\",\"dateModified\":\"2020-09-21T14:34:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/moreiramenezes.com.br\/cvm-flexibiliza-regras-aplicaveis-ao-crowdfunding-de-investimento\/\"},\"wordCount\":315,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/moreiramenezes.com.br\/cvm-flexibiliza-regras-aplicaveis-ao-crowdfunding-de-investimento\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/moreiramenezes.com.br\/wp-content\/uploads\/2020\/08\/4524-1600-min.jpg\",\"keywords\":[\"newsletter71\"],\"articleSection\":[\"Not\u00edcias\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/moreiramenezes.com.br\/cvm-flexibiliza-regras-aplicaveis-ao-crowdfunding-de-investimento\/\",\"url\":\"https:\/\/moreiramenezes.com.br\/cvm-flexibiliza-regras-aplicaveis-ao-crowdfunding-de-investimento\/\",\"name\":\"CVM flexibiliza regras aplic\u00e1veis ao crowdfunding de investimento - 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