CVM Instruction 409 focused on the updating of investment funds is submitted to public hearing

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CVM – the Brazilian Securities and Exchange Commission – submitted to public hearing the draft of the instruction no. 409/04, which deals with the setting up, management, operation and disclosure of information related to investment funds.
According to CVM, “after 10 years of CVM Instruction no. 409 in effect, it is time to update the rules applicable to investment funds.” In this sense, the revision is primarily focused on the use of communication electronic means and the rationalization of the volume, content and form of the information disclosed.
The notice of the meeting is available at