The Brazilian Takeover Panel will exercise its supervisory functions exclusively upon request. Besides the adherence process, the Brazilian Takeover Panel will respond the following requests:
- Prior Consultations;
In Prior Consultations, the Panel and the Panel Staff will work with the consulters, in confidentiality regime, even before the launch of the transaction. The aim is launching the transaction with the approval of the Panel Code. There are no deadlines and procedures previously established. This lack of rules is to respect the schedule of each transaction. Due to this idea, the timetable and the dynamics of work will be defined case by case. The Prior Consultation must encompass the integrality of the transaction submitted to the authority of the Panel.