CVM/João Pedro Nascimento: Rule in Force for Investment Funds Needs Improvement

Published Jun 11, 2025

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By Altamiro Silva Junior and Cynthia Decloedt

São Paulo, 06/11/2025 - The president of the Securities and Exchange Commission (CVM), João Pedro Nascimento, said that the current rules for Investment Participation Funds (FIP), which have remained the same since 2003, need to be improved. One of the proposed changes is to allow retail investors to invest in these funds.

For this reason, the CVM began a public consultation in December 2024 to receive market suggestions, with the deadline ending at the end of March. Nascimento highlighted that ABVCap, the entity that brings together these funds, specialized in buying companies, participated actively, as the CVM president reported at the association's event this afternoon.

In March of this year, there were 1,897 FIPs in Brazil, compared to 1,724 in the same month of 2024. "We only observe growth in numbers, volume, and quantity," said the CVM president, emphasizing that the scenario for these funds is promising and the number of portfolios is record-breaking.

Original content

By Altamiro Silva Junior and Cynthia Decloedt São Paulo, 11/06/2025 - The president of the Securities and Exchange Commission (CVM), João Pedro Nascimento, said that the current rules for Investment Participation Funds (FIP), which have remained the same since 2003, need to be improved. One of the proposed changes is to allow retail investors to invest in these funds. For this reason, the CVM began a public consultation in December 2024 to receive market suggestions, which ended at the end of March. Nascimento emphasized that ABVCap, the entity that brings together these funds, specialized in buying companies, participated actively, as the CVM president reported at the association's event this afternoon. In March of this year, there were 1,897 FIPs in Brazil, compared to 1,724 in the same month of 2024. "We only observe growth in numbers, volume, and quantity," said the CVM president, highlighting that the scenario for these funds is promising and the number of portfolios is ...

Source: Broadcast