The Brazil Securities Commission (CVM), together with the Brazilian Financial and Capital Markets Association (ANBIMA), published guidance to the market on communication procedures for out-of-compliance and return-to-compliance events affecting classes of Fundos de Investimento em Direitos Creditórios (FIDCs), and clarified how to complete these funds’ monthly report. The guidance forms part of actions under the CVM–ANBIMA cooperation agreement intended to leverage self-regulation in the Brazilian fund industry.
Brazil Securities Commission (CVM) 2025-04-30
Brazil Securities Commission and ANBIMA publish guidance on reporting FIDC class out-of-compliance events and monthly disclosures
The Brazil Securities Commission (CVM) and the Brazilian Financial and Capital Markets Association (ANBIMA) issued guidance on communication procedures for compliance events affecting Fundos de Investimento em Direitos Creditórios (FIDCs). This guidance is part of their cooperation agreement to enhance self-regulation in Brazil's fund industry.