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Effective meetings
The opening of another remote voting channel facilitates the approval of major decisions and changes to fund regulations, especially at meetings that require a minimum quorum.
FII: Remote Voting Via Investor Area
The project aims to encourage participation of individual investors in FII meetings
The project aims to encourage participation of individual investors in FII meetings
B3 will create a channel to facilitate participation of individual investors in Real Estate Investment Funds (FII) meeting in the Listed B3 segment.
Through the Investor Area, shareholders may vote at meetings registered by administrators in the Central Corporate Intelligence System (CICORP). The goal is to facilitate participation of individual investors in FII meetings by integrating these events into B3 platforms.
This initiative does not change the other meeting attendance channels already available to shareholders.
Sign up and follow up the project
Product benefits
Easy implementation
Direct integration between CICORP and the Investor Area, without the need for development by the administrator.
Integration
Likely to expand remote voting by individual investors via a frequently accessed digital platform.
Convenience
Voting at meetings without long and bureaucratic registration process.
Individual investors are investing more in FIIs
Find out how to enable the FII remote voting functionality and read more about the number of individual investors investing in FIIs
Inclusion of the FII remote voting functionality in the CICORP System
Inclusion of the functionality in the B3 Investor Area
Study shows expansion of FIIs in the individual investor niche
The FII administrator may use the functionality in:
- Meeting registration and sessions
- Investor Area voting map
Resident individual investors may query and include votes at meetings registered by administrators.
According to B3's latest study on the behavior of Brazilian investors, Real Estate Investment Funds (FIIs) showed a 25% growth in the number of investors in October 2023 when compared to the same period in the previous year, reaching the historic level of 2.4 million individual investors.
In addition to this scenario, FIIs are an indication of the democratization of investments in Brazil, since the median balance invested in 2018 was BRL15,700 with 200,000 investors and, five years later, it fell to BRL2,800 totaling 2.4 million investors.
Timeline
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02/16/2024
Other
End of the pilot phase: To enable the remote voting functionality in the Investor Area, the administrator will need to contact B3 (via RM) during the “pilot phase”.
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02/19/2024
Go-live
Inclusion of functionality in the CICORP system
Technical details
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Catalog changes
No catalog changes
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Main systems
CICORP, B3 Investor Area
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Main related functions
No functions impacted
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Certification roadmap
No impact
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What is the Sinacor version?
No impact
