CVM extends deadline for public consultation on crowdfunding until January 23, 2026

By Juliana Garçon Rio, 09/12/2025 - The Securities and Exchange Commission (CVM) has extended until January 23, 2026, the deadline for suggestions and comments on the public consultation aimed at the rules for emissions through crowdfunding. The original deadline would have ended on December 23, 2025. The consultation brings a proposal for a new rule to replace CVM Resolution 88, which governs public offerings of distribution of securities issued by small business companies, carried out without registration through electronic participatory investment platforms (investment crowdfunding). The changes aim to modernize and make the investment crowdfunding regime more comprehensive, considering the recent evolution of the market, with the growth of securitization operations, and aiming ...