2014-12-17
Added · Updated
CVM Instruction 555 establishes the rules for the constitution, administration, operation, and information disclosure of investment funds registered with the Brazilian Securities and Exchange Commission (CVM). It defines key terms, outlines the characteristics of open and closed funds, and sets requirements for share issuance, distribution, redemption, and amortization. The instruction mandates specific documentation, including the Essential Information Sheet and Supplementary Information Form, and regulates periodic information disclosure, relevant acts, and financial statements. It also governs the General Meeting of unitholders, administrator and manager duties and remuneration, portfolio limits, fund classifications, and penalties for non-compliance.
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