Rule · CVM · 14 Aug 2023
The document updates the mandatory monthly report model for Credit Rights Investment Funds (FIDC) to align with the new Supplement G of CVM Resolution No. 175/22, effective for submissions starting November 1, 2023. The changes include renaming specific fields to distinguish between classes and subclasses, removing the obsolete non-standardized FIDC shares category, and adding new fields to disclose information reported to the Central Bank's Credit Information System (SCR) and the tax regularity of assignors. Administrators are also permitted to issue multiple Mezzanine Subclasses with different series for closed-end funds.
SECURITIES AND EXCHANGE COMMISSION OF BRAZIL
Rua Sete de Setembro, 111/2-5th and 23-34th Floors, Center, Rio de Janeiro/RJ – ZIP: 20050-901 – Brazil - Tel.: (21) 3554-8686 Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors, Bela Vista, São Paulo/ SP – ZIP: 01333-010 – Brazil - Tel.: (11) 2146- 2000 SCN Q.02 – Bl. A – Ed. Corporate Financial Center, S.404/4th Floor, Brasília/DF – ZIP: 70712-900 – Brazil - Tel.: (61) 3327-2030/2031 www.cvm.gov.br Circular Letter No. 7/2023/CVM/SSE São Paulo, August 14, 2023. To administrators of Credit Rights Investment Funds - FIDC Subject: Adjustments to the FIDC monthly report - new model of Supplement G of CVM Resolution No. 175/23
Dear Sirs/Madams,
This Circular Letter aims to inform FIDC administrators about adjustments to the model of the FIDC Monthly Report document available in the FundosNet system, to align with the terms of the new Supplement G of CVM Resolution No. 175/22.
In this regard, the new layout of the mandatory document will be made available by B3, through the Fundos.Net system, for submissions of the October 2023 database, with sending starting from 01/11/2023.
The aforementioned adjustments include: (i) the renaming of certain fields of the report; (ii) the exclusion of a field from the report that is no longer applicable; and (iii) the creation of new fields, as detailed below.
Renaming of fields:
Field: From: To:
Table I - 2 c.5 Fund Shares of ICVM 409
Classes of Shares of FIF - Annex I of RCVM 175
Table I - 2 h
Shares of Credit Rights Investment Funds
Classes of Shares of Credit Rights
Investment Funds
Table X - 1.1
Number of Shareholders - Senior
Class
Number of Shareholders - Senior
Subclass
Table X - 1.2
Number of Shareholders - Junior
Class
Number of Shareholders - Junior
Subclass
Circular Letter 7 (1844646) SEI 19957.009383/2021-43 / pg. 1
Table X - 1
Class [Senior, Junior,
Junior 1, Junior 2 etc]
Subclass [Senior, Junior,
Junior 1, Junior 2 etc]
Table X - 2
Description of Series/Class
(separate by class and series)
Description of Series/Subclass
(separate by subclass and series)
For closed-end funds, the issuance of more than one Mezzanine Subclass, with different series, is now permitted.
The changes described above are applicable to all sub-items of Table X, which contemplate the opening of information by subclasses and series, and for Mezzanine Subclasses, "series" lines will be added when there is a need for opening.
Exclusion of report field:
a) Item 2.i (Shares of Non-Standardized Credit Rights Investment Funds), of Table I, was excluded, as this category no longer exists.
Creation of new fields:
a) Fields 8 and 9 were created with the objective of allowing the disclosure of information provided by administrators to the Credit Information System - SCR of the Central Bank of Brazil, as well as regarding the tax regularity of the assignors.
We inform you that questions regarding the installation, use, and operation of the Fundos.NET System, as well as reports of problems or difficulties in sending documents, should be directed to the B3 Issuers Superintendence by phone (11) 2565-5064 or by email: emissores.fundos@b3.com.br.
Questions regarding the filling out of the Monthly Report items can be directed to the Securitization and Agribusiness Division - DSEC
(dsec@cvm.gov.br), of the SSE.
Sincerely,
Marcelo Firmino dos Santos
Head of the Securitization and Agribusiness Division - DSEC Bruno de Freitas Gomes Superintendent of Securitization and Agribusiness - SSE Circular Letter 7 (1844646) SEI 19957.009383/2021-43 / pg. 2
Document electronically signed by Bruno de Freitas Gomes Condeixa Rodrigues, Superintendent, on 08/14/2023, at 10:28, with basis in art. 6 of Decree No. 8.539, of October 8, 2015. Document electronically signed by Marcelo Firmino dos Santos, Division Head, on 08/14/2023, at 10:32, with basis in art. 6 of Decree No. 8.539, of October 8, 2015. The authenticity of the document can be checked on the site https://super.cvm.gov.br/conferir_autenticidade, informing the verification code 1844646 and the CRC code 7A2A8AD7. The authenticity of this document can be verified by accessing https://super.cvm.gov.br/conferir_autenticidade, and typing the "Verification Code" 1844646 and the "CRC Code" 7A2A8AD7. Reference: Process No. 19957.009383/2021-43 SEI Document No. 1844646 Circular Letter 7 (1844646) SEI 19957.009383/2021-43 / pg. 3
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