7.1. The IRO of CPFL Renováveis must send to the CVM, through the electronic system available in the CVM website, and to BM&FBOVESPA, any material event that occurred or is related to the business of CPFL Renováveis, and take measures for its wide and immediate dissemination simultaneously in all the markets where such securities are admitted for trading.
7.2. Controlling shareholders, statutory executive officers, members of the board of directors, the fiscal council and any technical and advisory bodies created pursuant to the bylaws of the company, who have signed the Instrument of Adherence, shall report in writing, any material events they are aware of, to the IRO, who will arrange for their disclosure.
7.2.1. If the persons referred to in item 7.2 have any doubt about what constitutes a material event, they should immediately consult the Investor Relations Officer to clarify the doubt.
7.3. If the persons referred to in item 7.2 above have knowledge of a material event, and after the consultation referred to in item 7.2.1 above, they notice omission by the IRO in his duty to communicate and disclose, including as envisaged in the sole paragraph of article 6 of CVM Instruction 358/02, as amended, they will be exempted from any liability only if they inform the material event immediately to the CVM.
7.3.1. In case of atypical oscillation in the price or trading volume of securities issued by CPFL Renováveis, or those referenced to such securities, the IRO should inquire the persons with access to material events to verify whether they have knowledge of the information that should be disclosed to the market.
7.4. The IRO must ensure that the disclosure of the material event as envisaged in items 7.1 and 7.5 of this Policy is made before or simultaneously with the announcement of the information to the market through any means of communication, including notice to the press, or in industry meetings or meetings with investors, analysts or a select public, in Brazil or abroad.
7.5. The disclosure should be made through at least one of the following communication channels: (i) mass circulation newspapers normally used by CPFL Renováveis; or (ii) a news portal with a website that provides, in a free access section, the full information.
7.5.1. The disclosure of the material event in accordance with item 7.5 (i) above can be made in a summary form, specifying the websites where the complete information, whose content is identical to that submitted to the CVM, is available to all investors.
7.6. The disclosure and communication of the material event, including the summarized information referred to in item 7.5.1 above, should be made clearly and precisely, in a language accessible to the investing public.
7.7. Pursuant to paragraph 6 of article 3 and article 4 of CVM Instruction 358/2002, as amended by CVM Instruction 457/2014, the CVM can at any time determine the disclosure, correction, amendment or re-publication of information about the material event, as well as demand additional clarification from the IRO about the communication and disclosure of the material event.
7.8. The disclosure of a material event should occur, whenever possible, before the start or after the close of trading on the BM&FBovespa.
7.8.1. If the securities issued by the company are simultaneously traded on stock markets in different countries, the disclosure of the material event should be made, whenever possible, before the start or after the close of trading in both countries, and in case of incompatibility, the trading hours of the Brazilian stock market shall prevail.
7.8.2. If it is necessary that the disclosure of the material event be made during trading hours, the Investor Relations Officer can, while communicating the material event, simultaneously request the BM&FBovespa to suspend trading on securities issued by CPFL Renováveis, or those referenced to such securities, for the time necessary for the adequate dissemination of said material information.
7.8.3. The suspension of trading referred to in item 7.8.2 above will not take effect in Brazil while stock exchanges or organized over-the-counter markets in other countries, in which the securities issued by CPFL Renováveis are admitted for trading, are functioning, and trading on such securities on the BM&FBovespa has not been suspended.
7.9. Given its exceptional nature, non-disclosure of material events related to CPFL Renováveis shall be the subject of a decision by the controlling shareholders or administrators, as applicable, pursuant to article 6 of CVM Instruction 358/02, as amended.