On 3 December 2019, BRZ CVM issued ins 616/2019 on changes re takeover bids regime.
- Some changes not in version submitted to consultation are result of feedback received.
- I.e. publication requirements for takeover bids were relaxed, suppression of sell option of non-OPA shareholders due to increase in shareholding when it reaches 2/3 limit.
- Art 35 of ins 361 is repealed and ins 616/2019 will enter into force upon publication.
