Rule · CVM · 23 Jul 2025
Administrators of Real Estate Investment Funds and Agribusiness Production Chain Investment Funds must use the new report model for Monthly, Quarterly, and Annual Reports starting September 1, 2025, specifically adjusting the “Self-regulation Classification” field. CDAs with a base date of September 2025 must submit these reports within 45 days of the quarter's end. Administrators may optionally use the new format for the June 2025 base date.
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Circular Letter No. 5/2025/CVM/SSE
São Paulo, July 23, 2025.
To Administrators of Real Estate Investment Funds (“FII”) and Agribusiness Production Chain Investment Funds (“FIAGRO”)
Subject: Enhancements to Periodic Reports in the FundosNet System
Dear Sir/Madam,
I) Periodic Reports for FIIs
Starting from July 28, 2025, new versions of the Monthly, Quarterly, and Annual Reports for FIIs will be available, with some adjustments intended to reflect the fund's classification, when adherent to the Code of Rules and Procedures for Administration and Management of Third-Party Resources of the Brazilian Association of Financial and Capital Markets Entities (ANBIMA).
The Monthly, Quarterly, and Annual Reports submitted from September 1, 2025, must observe the new model, whose adjustment is specifically located in the “Self-regulation Classification” field of the aforementioned forms.
II) New association for sending FIAGRO documents
In observance of the provisions of Article 33, II, of Annex Normative VI to CVM Resolution No. 175, FundosNet is prepared to receive the Asset Portfolio Composition and Diversification Statement (CDA) for FIAGROs.
The specification of the report is available in the “Support Materials” menu, under “Associations,” selecting the option “FIAGRO” > “Periodic Reports” > “Portfolio Composition (CDA)”.
Consequently, CDAs with a base date of September 2025 must exclusively observe this format, with submission to occur within 45 days of the end of the relevant quarter. However, administrators have the option to already use the new structured format for the base date of June 2025.
July 23, 2025, 15:39 SEI/CVM - 2383912 - Circular Letter https://sei.cvm.gov.br/sei/controlador.php?acao=documento_imprimir_web&acao_origem=arvore_visualizar&id_documento=2522704&infra_siste… 1/2
Sincerely,
Bruno de Freitas Gomes
Superintendent of Securitization and Agribusiness - SSE
Document electronically signed by Bruno de Freitas Gomes Condeixa Rodrigues, Superintendent, on July 23, 2025, at 15:39, based on Article 6 of Decree No. 8.539, of October 8, 2015.
The authenticity of the document can be verified on the website https://sei.cvm.gov.br/conferir_autenticidade, by entering the verification code 2383912 and the CRC code 0F506EE3.
The authenticity of this document can be verified by accessing https://sei.cvm.gov.br/conferir_autenticidade, and typing the "Verification Code" 2383912 and the "CRC Code" 0F506EE3.
Reference: Process No. 19957.009383/2021-43 SEI Document No. 2383912
July 23, 2025, 15:39 SEI/CVM - 2383912 - Circular Letter https://sei.cvm.gov.br/sei/controlador.php?acao=documento_imprimir_web&acao_origem=arvore_visualizar&id_documento=2522704&infra_siste… 2/2
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“based on Article 6 of Decree No. 8.539, of October 8, 2015.”
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