CODIM submits new pronouncement to Public Hearing
CODIM – Steering Committee for Disclosure to the Market – submitted to public hearing, from August 20th to September 20th, 2013, the draft of its new pronouncement – Relevant Information Undisclosed to the Market – with strictly formal content, addressing the need to control undisclosed relevant information of a publicly-held company so that securities are duly priced, insider trading practices are avoided and the market’s credibility is maintained.
To contribute, please access:
http://www.codim.org.br/downloads/Minuta_Sigilo_Informacao_Relevante_Audiencia_Publica.pdf
CODIM was established with the objective of being a new and efficient tool for the improvement of the capital market. The Committee is committed to providing publicly-held companies, investor relations professionals, investment analysts, investors, and fund managers, among others, with guidance and suggestions regarding the most adequate alternatives for the disclosure of information.
The entity counts on the presence of two representatives of each of its twelve entities: ABRASCA – Associação Brasileira das Companhias Abertas (Brazilian Association of Publicly-Held Companies); ABRAPP – Associação Brasileira das Entidades Fechadas de Previdência Privada (Brazilian Association of Pension Funds); ANBIMA – Associação Brasileira das Entidades dos Mercados Financeiros e de Capitais (Brazilian Financial and Capital Market Association); ANCORD – Associação Nacional das Corretoras de Valores, Câmbio e Mercadorias (National Association of Brokers and Distributors of Securities, Foreign Exchange and Commodities); ANEFAC – Associação Nacional dos Executivos de Finanças, Administração e Contabilidade (National Association of Finances, Management and Accounting Executives); AMEC – Associação de Investidores no Mercado de Capitais (Association of the Capital Market Investors); APIMEC – Associação dos Analistas e Profissionais de Investimento do Mercado de Capitais (Association of Capital Markets Analysts and Investment Professionals); BM&FBovespa – Bolsa de Valores, Mercadorias e Futuros (Securities, Commodities and Futures Exchange); CFC – Conselho Federal de Contabilidade (Federal Accounting Council); IBGC – Instituto Brasileiro de Governança Corporativa (Brazilian Institute of Corporate Governance); IBRACON – Instituto dos Auditores Independentes do Brasil (Brazilian Institute of Independent Auditors); and IBRI – Instituto Brasileiro de Relações com Investidores (Brazilian Institute of Investors Relations).
