New rules apply to funds and managed portfolios that invest directly in crypto assets.
Aim is to standardize the minimum governance and due diligence requirements for managers and administrators aligned with BRZ CVM Resolution 175, see #157547.
Including methodologies for selecting and pricing investments, which must be described in specific policies, pricing manuals (with criteria for defining asset prices).
Effectiveness
Changes come into effect on Oct. 1, 2024 and will have until June 30, 2025 to adapt.
Regulators
BRZ Anbima
Entity Types
B/D; Exch; IA; Inv Co
Reference
PR, RF, 7/10/2024
Functions
Actuarial and Valuation; Compliance; Financial; Legal; Trading
Countries
Brazil
Category
State
Products
Cryptocurrency; Fund Mgt; Issuance/IPO; Securities
