A subscription right is when a company decides to increase its capital by issuing new shares. In this situation, the company's shareholders have preference right to purchase the assets in the new lot. Currently, the posting of subscription rights (transfer of rights from the Company's Registration Book to B3’s environment) is carried out entirely manually with physical documents sent to B3, which makes the whole process time-consuming and with a lead time of approximately 3 days. Through this initiative, we intend to automate the entire flow, providing process autonomy to requesters while eliminating operating risks and physical documentation flows. Furthermore, lead time will be reduced by 60%.

The transfer time with change of ownership for Tesouro Direto bonds will be reduced from 4 days to a maximum of 1 day. Transfers are used in situations like estate, divorce and donation in the amounts established by the Court. No fee will be charged in advance by B3. The due fees will be transferred to investors proportionally according to the amount specified in the transaction.

B3 will reduce the FRC Round Lot in electronic calls from 100 to 10 contracts by matching the regular trading session lot to the call lot. This improvement is aimed at facilitating clients’ access to product liquidity in electronic calls. To mitigate the risk of distortion of the FRC curve in less liquid maturities, the settlement price for each maturity will be determined by the call only when there are more than 100 contracts traded in the call for the maturity in question.

Evolution of data provided on the CRI & CRA channel including information on asset payment structure.