BDR - Brazilian Depositary Receipt
BDR on ETF
About the BDR on ETF
The authorization for trading of Depositary Receipts of Exchange Traded Funds shares (ETFs) does not imply, by the CVM, the veracity of the information provided or judgment on the quality of the fund or its manager.
Click here to confirm that the BDR program has been registered within CVM.
Click here to confirm that the BDR program has been registered within CVM.
When purchasing a BDR on ETF, the investor must consider that there is no guarantee that he will be able to initiate or adhere to any lawsuits, arbitration or administrative proceedings, in Brazil or abroad, related to the BDR, to the underlying tickets, or to the respective ETFs managers , including for the repair of eventual losses involving informational failures, market illicit, violation of fiduciary duties of the administrator or any other. The investor must also consider that the Depositary has no obligation to initiate or adhere to any lawsuits, arbitration or administrative proceedings, in Brazil or abroad, under the terms mentioned above, nor is there a guarantee that it can do so.
The underlying assets of the BDRs are not registered with the CVM and B3 and therefore are not subject to regulation and inspection that pertain to such bodies. For this reason, the information disclosed by the ETF Manager will be made available on B3’s website, however, B3 is not responsible for the information disclosed, nor for any failures in accessing that information.
The BDRs are not registered within the Securities and Exchange Commission under the terms of the U.S. Securities Act of 1933, as amended.
Who can purchase BDRs?
The acquisition of BDRs will be allowed to investors, as defined in the current regulation, published by the CVM. The intermediary institutions must, as a condition for the acquisition of BDRs, prove the investor's framework and compatibility for the investment.
Without prejudice to the above, BDRs may be acquired by investors who are not residents of Brazil, provided that they meet the registration requirements foreseen in the applicable regulations. This operational description is not, and should not be considered, a public offering of the BDRs or of the ETFs represented in Brazil, in the United States of America or in any other jurisdiction. The program and BDRs were not and will not be registered with the Securities and Exchange Commission under the terms of the U.S. Securities Act of 1933.
In the period between the Ex-date and the Record date, the books will be closed for issuance and cancellation processes