CVM Instruction No. 572 of November 26, 2015

SECURITIES AND EXCHANGE COMMISSION OF BRAZIL
Seven of September Street, 111/2-5th and 23-34th Floors – Center – Rio de Janeiro - RJ – ZIP: 20050-901 – Brazil Tel.: (21) 3554-8686 - www.cvm.gov.br CVM INSTRUCTION NO. 572, OF NOVEMBER 26, 2015 Amends CVM Instruction No. 555, of December 17, 2014.

THE PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION OF BRAZIL - CVM makes public that the Collegiate Board, in a meeting held on October 27, 2015, in view of the provisions of Articles 2, item V, 8, item I, and 23, Section 2, of Law No. 6,385, of December 7, 1976, APPROVED the following Instruction:

Art. 1° Articles 138 and 155 of CVM Instruction No. 555, of December 17, 2014, shall enter into force with the following wording:

“Art. 138. After 90 (ninety) days from the start of activities, an operating fund that maintains, at any time, a daily average net asset value lower than R$ 1,000,000.00 (one million reais) for a period of 90 (ninety) consecutive days must be immediately liquidated or incorporated into another fund.

Sole Paragraph. The provisions of the caput do not apply to funds in the liquidation process.”
(NR)

“Art. 155. The administrator and the manager of investment funds operating on the date of entry into force of this Instruction must adapt to the provisions of Section 2 of Article 92 by June 30, 2016.” (NR)

Art. 2° Item 24 of Annex 59 – Monthly Profile of CVM Instruction No. 555, of 2014, shall enter into force with the following wording:

“
24) If the fund's portfolio has originated rights to
dividends, interest on equity, or other income from financial assets that make up the portfolio, and during the period, distribution of such rights directly to unitholders occurred, or share amortization was carried out, report the total of the distributed and amortized amounts (R$). Numeric with 2 decimal places ” (NR)

Art. 3° This Instruction enters into force on the date of its publication.

Original signed by
LEONARDO P. GOMES PEREIRA
President