Since the end of the adaptation period to CVM Resolution 175
(06/30/2025), the investment fund market has entered a decisive new
phase. In effect since 10/02/2023, RCVM 175 modernizes the legal
framework, aligns Brazil with international practices, and
incorporates the principles of the Economic Freedom Law (Law
13,874/2019).
This means greater regulatory clarity and market standardization,
strengthened governance for administrators and managers, and
increased predictability and legal certainty for investors.
*This content was produced with the collaboration of law clerks Gabriela Ko and Mateus Varella
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