New Functionality Allows Registration of Compulsory Borrowing Blocks for Closed Supplementary Pension Funds with Regulatory Restrictions

Mandatory

New functionality protects regulated funds and increases liquidity in the lending market

B3 has added a new functionality to its BTB Securities Lending Platform: registration of compulsory borrowing blocks for supplementary pension funds that have regulatory restrictions.

Compulsory borrowing is a step in the process of treating failures in the delivery of securities carried out by B3 Clearinghouse. With the new functionality, funds can be pre-identified and blocked, ensuring that they are not allocated as compulsory borrowers in accordance with CVM regulations.

Registration will be made directly by the fund manager in the fund's document (CNPJ) via the BTB Platform, with availability for Manager (GEST) and Foundation (FCAO) profiles.

Project Tags:

Listed

Completed

Securities Lending

Clearinghouse

Product benefits

Greater safety

For closed supplementary pension funds.

Liquidity

The improvement allows funds that currently avoid lending for fear of being subject to compulsory borrowing to operate safely.

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The new functionality prevents regulatory non-compliance and increases safety in lending transactions.

Fund managers may register on the BTB Platform borrowing blocks for the CNPJ of closed supplementary pension funds with regulatory restrictions. The system will automatically verify if the fund meets the eligibility rules and, when applicable, will approve the request immediately. Cases that do not comply with the rules will be sent to B3 Clearinghouse for analysis.

Once registered and approved, the fund will be prevented from being allocated as a compulsory borrower, ensuring compliance with CVM regulations and operational safety for all participants.

BTB Securities Lending Platform offers electronic trading services for securities lending contracts to Full Trading Participants (PNP), Custody Agents (ACST), Settlement Participants (PL), Asset Managers, Foundations and other previously authorized institutions. L earn more.