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A general quota holders' meeting is the highest decision-making body of an investment fund. It represents the grouping of quota holders to decide on business relative to the purposes of the fund and to deliberate on matters judged convenient for defending its interests and its development. To this effect, the quota holders of a fund are subject to a specific regimen issued by the "Comissão de Valores Mobiliários - CVM" (local Security and Exchange Commission) as well as to the respective regulations for each fund.