Brazil’s Securities and Exchange Commission (Comissão de Valores Mobinliários/CVM) released CVM Resolution 187 today (September 27, 2023), making specific changes to CVM Resolution 175 (Brazil’s New Regulatory Framework for Investment Funds/Novo Marco Regulatório dos Fundos de Investimento) which comes into force on October 2, 2023.
The CVM also disclosed the following today:
Joint Circular Letter CVM/SIN/SSE 2/2023 clarifying CVM Resolution 175 provisions;- Circular Letter CVM/SIN 6/2023 which discloses the technical field’s interpretation of Normative Appendix numbers I, IV, V and XI provisions; and
- Circular Letter CVM/SSE 8/2023, which specifically deals with the provisions of Credit Rights Investment Funds (Fundos de Investimento em Direitos Creditórios/FDICs) within CVM Resolution 175 Normative Annex II.
For more information, please contact our Capital Markets team at ([email protected]).