Within 60 days after the financial statements are submitted to the CVM
Annual
What it is
The mandatory agenda includes approval of the financial statements, election or reappointment of service providers where applicable, and the other matters set out in the fund's bylaws. Under Art. 71 of CVM Resolution 175, the vote on the financial statements must take place within 60 days after they are submitted to the CVM, and the meeting may only be held at least 15 days after the statements are made available to quotaholders. Minutes and quorum must be recorded.
Who must comply
Administrators of closed-end funds (FIDC, FII, FIP, FIAGRO) and of open-ended funds when required by their bylaws.
Penalties for non-compliance
Fine, warning and, in serious cases, compulsory replacement of the administrator.
Official source
Resolução CVM 175How Arkar automates it
A complete meeting workflow: automated call notices, real-time quorum tracking, digital voting and minutes generated with an audit trail.
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