COMISSÃO DE MEIO AMBIENTE E DESENVOLVIMENTO SUSTENTÁVEL

you The class pro-recycle, the central point of regulation, is the creation of classes of pro-recycle and not of a new type of fund. Only funds which are fully allocated in the pro-recycle assets can use this term. The resources must be originated exclusively in recycled recycling projects in terms of the law. At the same time, the norm allows the use of fixed rentals for the management of liquidity and payment of charges, which is important for the operational operational fund. This structure can be adopted in any category of funds prevailed in Resolution 175, like FIDICs, FIPs, FIAGRO, FIAGRO, etc. Thank you. The main instrument of transparency inserted in the norm is the supplement N. In the way, the fund should inform, in a padronized way, the percentage of the liquid patrimony effectively allocated to the recycling projects. The investor has a real raio-x of the intents, with information about the destination of resources, acquisition of equipment, development technology, etc. These information must be published It's the site of the Fundo Administrator Fiduciary in 30 days after the end of every semester. reforçando a transparência contínua. The flow of ProRecycle. Here we present this flow, the origin of the project passes to a institutional validation, exercised by the Ministry of Environment, which acts as a kind of filter, which is a first line of mitigation against greenwashing. From there, it comes to financial engineering, with the structure via investment funds. And finally, there is this transparency that I mentioned with the periodic report of information to the CVM and consequently also to the market. This arrangement, so, seeks combinar the public policy, the capital market, and also bring regulatory governance in a coordinated way. In synthesis, the CVM was looking to build a regulation that would be effective to the law without a