The FÁCIL Framework (Facilitation of Access to Capital and Incentives for Listings) was established by CVM Resolution No. 232, dated July 3, 2025, as amended, and became effective on March 16, 2026. The framework is a regulatory initiative designed to expand access to Brazil’s capital markets for smaller companies through proportionate and simplified rules tailored to the characteristics of these issuers.
As part of a broader effort to modernize Brazil’s capital markets regulatory framework, the FÁCIL Framework seeks to reduce regulatory asymmetries, facilitate corporate access to capital and foster competitiveness, while preserving the core principles of transparency, investor protection and market integrity.
This e-book provides an overview of the key aspects of the FÁCIL Framework, the eligibility requirements applicable to smaller companies and its potential impact on expanding access to Brazil’s capital markets.
The e-book addresses, among other topics:
- Economic and regulatory background and rationale
- Eligibility requirements for the FÁCIL Framework
- Eligibility restrictions
- Regulatory benefits and exemptions
- The FÁCIL Form
- Public offerings and offering structures under the FÁCIL Framework
- Special procedure for Direct Public Offerings
- Maintenance and loss of smaller company status
To access the e-book, simply complete the form on this page. Once you submit your information, the e-book will open automatically. If it does not, click the “Download PDF” button.
