On February 12, 2025, General Resolution No. 1.053 (the “Resolution”) was published in the Official Gazette, through which the National Securities Commission (“CNV”) implemented a new regime for the public offering of financial trusts backed by mortgage assets.
Among the changes introduced, the regulation reduces the dissemination period to one (1) day when the issuance is exclusively aimed at qualified investors, compared to the three (3) days required under the general regime.
Additionally, the regulation allows the reopening of the placement period for previously approved trust securities, permitting their issuance up to two (2) years after the original date or until the authorized maximum amount is reached.
Another significant aspect of this regulation is the possibility of issuing additional trust securities through an automatic public offering mechanism, provided the established conditions are met. This streamlines the process, allowing new issuances without additional procedures, within the already approved amount.
The measure came into effect on February 13, 2025.
