Regulatory Framework

Distribution

One important function of B3 is to enable the primary distribution of assets on both the Exchange and OTC markets.

Click here to access Circular Letters linked to B3's regulations and manuals.

BM&FBOVESPA Segment

The rules and procedures regarding the distribution of assets through public offerings (initial or follow-on) are available in the BM&FBOVESPA Clearinghouse Operating Procedures Manual, Chapter 10 - Asset Distributions and Tender Offers.

• BM&FBOVESPA CLEARIINGHOUSE OPERATING PROCEDURES MANUAL

OTC B3

The Manual de Normas do Módulo de Distribuição de Ativos (MDA) establishes the specific rules and procedures for the registration of a public primary placement of securities in the MDA.

• MANUAL DE NORMAS DO MÓDULO DE DISTRIBUIÇÃO DE ATIVOS (MDA)

The Manual de Operações details the types of securities distributable through MDA and the available functionality.

• MANUAL DE OPERAÇÕES – MDA / MÓDULO DE DISTRIBUIÇÃO DE ATIVOS

 The definitions of the terms used in the documents available in the OTC B3 are available in the Glossary below:

• Glossary

The documents listed above are the principal ones for this line of business. Other documentation relative to the OTC B3 is available at Regulations Manuals and Operating Manuals.