Per the specific timetable for each fund category (see the regulation)
Specific Event
What it is
Resolução CVM 175 (CVM Resolution 175) replaced multiple earlier instructions (CVM 555, 356, 472, 391 and others), creating a unified framework for investment funds. It introduced the concept of classes and subclasses, along with new rules on governance, transparency and service-provider responsibilities. Pre-existing funds must adapt their bylaws, chart of accounts and workflows.
Who must comply
The entire fund chain: administrators, managers, custodians, distributors, auditors and service providers.
Penalties for non-compliance
Non-compliance blocks operations and new fundraising, and triggers severe sanctions.
Official source
Resolução CVM 175How Arkar automates it
A platform natively designed under CVM 175: classes, subclasses, series, governance and responsibilities already modeled. Assisted migration for legacy funds.
View in Arkar Fund System