Circular Letter CVM/SIN 06/2018

SECURITIES AND EXCHANGE COMMISSION OF BRAZIL
Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br Circular Letter No. 6/2018/CVM/SIN Rio de Janeiro, June 8, 2018

To administrators of investment funds subject to registration in the SGF System

Subject: Inclusion of new functionality

Dear Sirs,

This Circular Letter aims to complement Circular Letter No. 2/2017/CVM/SIN, regarding the entry into force, on 6/8/2017, of the Structured Fund Management System – SGF.

In this sense, we communicate that the functionality for replacing the administrator in the system was implemented on this date. Thus, we alert that changes to the administrator of investment funds registered through that environment must be made directly through the system. To this end, the former administrator must make the structured fund available to the new administrator there so that the latter can accept and conclude the transfer.

We emphasize that all acts related to the change of administrator must be published on CVMWeb by the former administrator, prior to the action of making it available to the new administrator. Among the acts are the minutes of the assembly that deliberated and indicated the date of the transfer, as well as the new version of the Regulation in which the new administrator appears as responsible for the Fund.

For additional clarifications, we request contacting the Structured Investments Management – GIES, through the electronic address gies@cvm.gov.br.

Sincerely,

Digitally signed by
DANIEL WALTER MAEDA BERNARDO
Superintendent of Institutional Investor Relations