Within 15 days after the end of the four-month period (quadrimestre)
Four-monthly
What it is
The administrator sends to quotaholders, to the operator of the organized market where the quotas trade, where applicable, and to the CVM, within 15 days after the end of the calendar four-month period, the Supplement L information: the class type (art. 13), whether it is an investment entity, target investors, net assets, committed, subscribed and paid-in capital, the number of quotas subscribed and paid in, the amount invested in quotas of other FIPs, the number of quotaholders per category (including non-resident investors) and, per subclass, quotaholders, quotas, quota value and whether there are special voting rights or distinct economic rights. The report replaced the quarterly report of CVM Instruction 578 (art. 46, I).
Who must comply
Administrators of FIPs — Seed Capital, Emerging Companies, Infrastructure, Multi-Strategy and the other categories.
Penalties for non-compliance
A serious violation (Normative Annex IV, art. 32) and a coercive fine for late filing; a delay of more than 60 days allows the CVM to reject new operating registrations requested by the administrator (general part, art. 9).
How Arkar automates it
A dedicated FIP workflow: investee registry, valuations, corporate actions and automatic generation of the four-monthly report.
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