{"id":5395,"date":"2023-01-04T13:23:53","date_gmt":"2023-01-04T16:23:53","guid":{"rendered":"https:\/\/artica.capital\/clairfield-pilulas\/ampliacao-do-convenio-entre-cvm-e-anbima-pode-agilizar-ipos-em-2023\/"},"modified":"2026-09-29T15:20:13","modified_gmt":"2026-09-29T18:20:13","slug":"ampliacao-do-convenio-entre-cvm-e-anbima-pode-agilizar-ipos-em-2023","status":"publish","type":"pilulas","link":"https:\/\/artica.capital\/en\/clairfield-pilulas\/ampliacao-do-convenio-entre-cvm-e-anbima-pode-agilizar-ipos-em-2023\/","title":{"rendered":"Expansion of the agreement between CVM and Anbima could speed up IPOs in 2023"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Desde 2008, a CVM (Comiss\u00e3o de Valores Mobili\u00e1rios) tem um conv\u00eanio com a ANBIMA (Associa\u00e7\u00e3o Brasileira das Entidades dos Mercados de Capitais) que permite a entidade realizar an\u00e1lise preliminar dos pedidos de registro de ofertas p\u00fablicas, reduzindo assim o tempo de avalia\u00e7\u00e3o que antes era concentrado apenas na CVM. O acordo foi sofrendo alguns aditamentos para inclus\u00e3o de mais valores mobili\u00e1rios e melhorias do processo de an\u00e1lise.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ap\u00f3s a publica\u00e7\u00e3o da Instru\u00e7\u00e3o CVM n\u00ba160, em 13 de julho de 2022 (ICVM 160), ficou evidente a necessidade de incluir a oferta<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">p\u00fablica de a\u00e7\u00e3o (IPO) no conv\u00eanio entre as institui\u00e7\u00f5es. A ICVM 160, que entra em vigor em janeiro de 2023, prev\u00ea a amplia\u00e7\u00e3o da<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">parceria ao estabelecer a possibilidade de an\u00e1lise pr\u00e9via do requerimento de registro por entidades conveniadas aos demais valores mobili\u00e1rios distribu\u00eddos a mercado que n\u00e3o estavam inseridos no acordo de coopera\u00e7\u00e3o t\u00e9cnica das entidades at\u00e9 o momento.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">No dia 20 de dezembro de 2022, a CVM aprovou a amplia\u00e7\u00e3o do acordo com a ANBIMA com o objetivo de promover agilidade no<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">processo de registro de ofertas p\u00fablicas. Com isso, o mercado espera que o conv\u00eanio acelere o tempo de aprova\u00e7\u00e3o de IPOs em<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2023 ao incluir o suporte da ANBIMA na an\u00e1lise desse tipo de registro.<\/p>\n\n\n\n<!-- pilula-html v1 -->\n<style>\n.pil{--navy:#2d3a51;--blue:#4f6388;--light:#8599b9;--pale:#e8ebf1;--card:#d3d9e3;--red:#c0272d;--txt:#333;font-family:\"Merriweather Sans\",sans-serif;color:var(--txt);margin-top:40px}\n.pil *{box-sizing:border-box}\n.pil img{max-width:100%;height:auto;display:block}\n.pil-sec{margin:0 0 56px}\n.pil-sec h2{background:var(--navy);color:#fff;font-size:19px;line-height:1.35;font-weight:700;padding:16px 20px;border-radius:0 0 28px 0;margin:0 0 20px;text-wrap:balance}\n.pil-sub{font-size:14px;font-weight:700;color:var(--navy);border-bottom:2px solid var(--navy);padding-bottom:6px;margin:0 0 16px;display:flex;justify-content:space-between;gap:12px;align-items:flex-end}\n.pil-tag{color:var(--red);border-top:2px solid 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var(--light);padding-left:18px;margin-left:6px}\n.pil-time>div{position:relative;font-size:14px;line-height:1.5}\n.pil-time>div::before{content:\"\";position:absolute;left:-25px;top:5px;width:12px;height:12px;border-radius:50%;background:var(--navy)}\n.pil-time b.y{display:block;color:var(--light);font-size:16px;font-weight:800}\n\/* figuras (recortes do slide) *\/\n.pil-fig{margin:0}\n.pil-fig figcaption{text-align:center;font-weight:800;color:var(--light);font-size:16px;margin-top:4px}\n.pil-brand{background:var(--card);border-radius:14px;overflow:hidden}\n.pil-brand p{margin:0;text-align:center;font-size:20px;font-weight:800;font-style:italic;color:var(--navy);padding:10px 0 12px}\n@media (max-width:700px){\n  .pil-grid2,.pil-grid2.wide-left,.pil-grid2.wide-right{grid-template-columns:1fr}\n  .pil-grid3,.pil-grid4,.pil-grid5{grid-template-columns:1fr 1fr}\n  .pil-sec h2{font-size:17px}\n  .pil-bars{height:180px}\n  .pil-bars>div>span{font-size:10px}\n  .pil-years{font-size:9px}\n}\n@media (max-width:480px){\n  .pil-bars{gap:1.2%}\n  .pil-years{gap:1.2%;font-size:8px}\n  .pil-bars>div>span{font-size:8px;letter-spacing:-.3px}\n  .pil-bars:has(>div:nth-child(13))>div>span{writing-mode:vertical-rl;transform:translateX(-50%) rotate(180deg);top:auto;bottom:100%;padding-bottom:2px}\n  .pil-years:has(>span:nth-child(13)) span{writing-mode:vertical-rl;transform:rotate(180deg);margin:0 auto}\n}\n<\/style>\n<div class=\"pil\">\n\n<section class=\"pil-sec\">\n  <h2>Amplia\u00e7\u00e3o do conv\u00eanio entre CVM e ANBIMA deve acelerar o tempo de aprova\u00e7\u00e3o de IPOs em 2023<\/h2>\n  <div class=\"pil-sub\"><span>Perspectivas para o conv\u00eanio entre CVM e ANBIMA<\/span><\/div>\n  <div class=\"pil-grid2\">\n    <div class=\"pil-card\">\n      <h3 style=\"text-align:center\">Procedimento simplificado para registro de ofertas p\u00fablicas de distribui\u00e7\u00e3o de valores mobili\u00e1rios<\/h3>\n      <p class=\"pil-p\">Conv\u00eanio assinado a CVM que permite a ANBIMA realizar an\u00e1lise preliminar dos pedidos de registro de ofertas p\u00fablicas<\/p>\n      <p class=\"pil-p\">O conv\u00eanio abrange ofertas dos seguintes valores mobili\u00e1rios:<\/p>\n      <ul class=\"pil-list\">\n        <li>Deb\u00eantures<\/li>\n        <li>Notas promiss\u00f3rias<\/li>\n        <li>Certificados de Receb\u00edveis Imobili\u00e1rios (CRI)<sup>(1)<\/sup><\/li>\n        <li>Letras financeiras<\/li>\n      <\/ul>\n      <div style=\"border:1.5px dashed var(--navy);border-radius:10px;padding:8px 12px 4px;margin:4px 0 6px\">\n        <p class=\"pil-p\" style=\"font-weight:700;color:var(--navy);font-size:13px;margin-bottom:4px\">Desde que j\u00e1 negociadas em mercado<\/p>\n        <ul class=\"pil-list\">\n          <li>A\u00e7\u00f5es<\/li>\n          <li>B\u00f4nus de subscri\u00e7\u00e3o<\/li>\n          <li>Certificados de Dep\u00f3sitos de A\u00e7\u00f5es e Fundos Imobili\u00e1rios (FII)<\/li>\n        <\/ul>\n      <\/div>\n      <ul class=\"pil-list\">\n        <li>Fundos de Investimento em Participa\u00e7\u00f5es<\/li>\n        <li>Fundos de Investimento em Direitos Credit\u00f3rios<sup>(2)<\/sup><\/li>\n      <\/ul>\n      <img decoding=\"async\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/09\/5395-logos.png\" alt=\"Logos da CVM (Comiss\u00e3o de Valores Mobili\u00e1rios) e da ANBIMA\" loading=\"lazy\" style=\"max-width:260px;margin:14px auto 0\">\n    <\/div>\n    <div>\n      <p class=\"pil-p\"><b style=\"color:var(--navy)\">Aprova\u00e7\u00e3o da atualiza\u00e7\u00e3o do acordo de coopera\u00e7\u00e3o t\u00e9cnica<\/b><br>Amplia\u00e7\u00e3o, em 20 de dezembro de 2022, do conv\u00eanio entre as institui\u00e7\u00f5es para incluir a possibilidade de an\u00e1lise pr\u00e9via de ofertas p\u00fablicas de a\u00e7\u00e3o (IPOs)<\/p>\n      <div class=\"pil-note solid\" style=\"margin:0 0 16px\"><span>Em linha com a Resolu\u00e7\u00e3o da CVM n\u00ba 160 que passa a regular as ofertas p\u00fablicas em 2023<\/span><\/div>\n      <img decoding=\"async\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/09\/5395-estadao.png\" alt=\"Reportagem do Estad\u00e3o: Como o conv\u00eanio entre CVM e Anbima pode agilizar IPOs em 2023\" loading=\"lazy\" style=\"border:1px solid #ddd\">\n      <div class=\"pil-sub\" style=\"margin-top:22px\"><span>Expectativa de celeridade no rito ordin\u00e1rio da CVM:<\/span><\/div>\n      <div class=\"pil-tw\"><table class=\"pil-table\">\n        <tr><th>Prazos<\/th><th>Sem conv\u00eanio<\/th><th>Com conv\u00eanio<\/th><\/tr>\n        <tr><td>M\u00e1ximo<\/td><td>90 dias \u00fateis<\/td><td>44 dias \u00fateis<\/td><\/tr>\n        <tr><td>An\u00e1lise<\/td><td>33 a 40 dias \u00fateis<\/td><td>23 dias \u00fateis<\/td><\/tr>\n      <\/table><\/div>\n    <\/div>\n  <\/div>\n  <div class=\"pil-src\">Alguns lastros eleg\u00edveis (ex. contratos de loca\u00e7\u00e3o at\u00edpico, compra e venda de im\u00f3vel, arrendamentos, CCB, deb\u00eantures entre outros) (2) Com exce\u00e7\u00e3o daqueles que gozem de tratamento tribut\u00e1rio previsto na Lei 12.431\/2011<br>Fonte: Estad\u00e3o; ANBIMA; CVM; VBSO; An\u00e1lise \u00c1rtica<\/div>\n<\/section>\n\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Desde 2008, a CVM (Comiss\u00e3o de Valores Mobili\u00e1rios) tem um conv\u00eanio com a ANBIMA (Associa\u00e7\u00e3o Brasileira das Entidades dos Mercados de Capitais) que permite a entidade realizar an\u00e1lise preliminar dos pedidos de registro de ofertas p\u00fablicas, reduzindo assim o tempo de avalia\u00e7\u00e3o que antes era concentrado apenas na CVM. 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