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CVM Resolution 175 — Adapting Existing Funds

The regulatory framework that overhauled Brazil's entire investment fund industry, requiring existing funds to adapt and new funds to operate under the new structure.

Filing Deadline

Per the specific timetable for each fund category (see the regulation)

Frequency

Specific Event

What it is

Resolução CVM 175 (CVM Resolution 175) replaced multiple earlier instructions (CVM 555, 356, 472, 391 and others), creating a unified framework for investment funds. It introduced the concept of classes and subclasses, along with new rules on governance, transparency and service-provider responsibilities. Pre-existing funds must adapt their bylaws, chart of accounts and workflows.

Who must comply

The entire fund chain: administrators, managers, custodians, distributors, auditors and service providers.

Penalties for non-compliance

Non-compliance blocks operations and new fundraising, and triggers severe sanctions.

Official source

Resolução CVM 175

How Arkar automates it

A platform natively designed under CVM 175: classes, subclasses, series, governance and responsibilities already modeled. Assisted migration for legacy funds.

View in Arkar Fund System