In a joint effort to promote transparency and efficiency in Brazil’s investment fund industry, the Securities and Exchange Commission (CVM) has issued new guidance that reinforces the role of Anbima as a central player in the country’s capital markets.

The recently published CVM Circular Letter 01/2025 designates Anbima’s Investment Fund Fee Transparency Platform (Plataforma Anbima de Transparência de Taxas de Fundos) as the official channel for disclosing fee information. The measure replaces the need for asset managers and fund administrators to publish this data individually on their own websites, consolidating all fee disclosures in a single, centralized platform.

This move carries institutional significance. By unifying the flow of information through Anbima’s platform, the market gains a more accessible, standardized, and reliable source of data, enhancing investor understanding and enabling better comparability across funds.

It also simplifies compliance for market participants, who now have a clear path to meet the transparency requirements introduced by CVM Resolution 175, Brazil’s new regulatory framework for investment funds. Existing fund structures have until March 31, 2026, to fully adapt.

Anbima has played a leading role in supporting the market’s transition to the new rules, providing the tools and infrastructure to help participants meet regulatory demands. 

Centralizing fee disclosure in a single channel is a natural step in the modernization of Brazil’s financial ecosystem, and a clear example of how self-regulation and public oversight can work together to strengthen the market.