Funds In Transformation: The Legacy Of RCVM 175 And The New Agenda For FIPS

Published date07 October 2025
Law FirmMayer Brown
AuthorPriscilla Santos and Ingrid do Nascimento Pistili

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...

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