BVMF Real Estate Funds Block Trades

Published on: Jan 27, 2025

On Jan. 23, BVMF informed start of trading in Block Trade solutions.

  • BVMF published Circular Letter 003/2025-VPC to inform that as of Feb. 17, 2025, the trading of Real Estate Investment Funds (FIIs) will be allowed in Block Trade solutions.
  • Highlights
  • Midpoint Order Book (Midpoint), Book of Block Trade (BBT), Request for Quote (RFQ).
  • The trading dynamic, logic re round lots, and the other rules will follow the procedures that have already been established for stocks and securities representing equities.
  • List of FIIs accepted for block trading and minimum sizes are in Solutions website.
  • Updated Circular Letter 171/2024-PRE in Annexes I and II of new Circular 003/2025.
  • Revocation
  • Circular Letter revoked and substituted Circular Letter 171/2024-PRE, of Dec. 5, 2024.
  • Effectiveness
  • Trading will start on Feb. 17, 2025.
Regulators
BVMF
Entity Types
B/D; Corp; Depo; Exch; IA; Inv Co
Reference
Cir Lt 003/2025-VPC, 1/23/2025; Rpl Cir 171/2024
Functions
Compliance; Financial; Legal; Operations; Trade Reporting; Trading
Countries
Brazil
Category
State
N/A
Products
Clearing; Corporate; Derivatives; Equity; ETFs; Fixed Income; Fund Mgt; Issuance/IPO; Securities
Rule Type
Final
Regions
Am
Rule Date
Jan 23, 2025
Effective Date
Feb 17, 2025
Rule ID
241499
Linked to
N/A
Reg. Last Update
Jan 23, 2025
Report Section
International