BC and CVM facilitate foreign investments in the country's financial and capital markets
The CVM and the BCB published Joint Resolution No. 13 on 12/03/2024, which revokes CMN Resolution 4373 and simplifies the rules for foreign investments in the financial and securities markets. The rule aims to attract more investors, reduce costs and improve the business environment in Brazil.
The changes include the simplification of procedures, expansion of assets to back DRs, facilitation of investments via specific accounts, extension of the document retention period and adoption of risk-based criteria. The new regulations, the result of public consultation, come into effect on January 1, 2025.
New CVM Standard for regulating Fiagro
As of the publication of the new CVM Resolution No. 214, of September 30, 2024, by the Securities and Exchange Commission – CVM, investment funds for agribusiness production chains – Fiagro, will become part of the regulatory framework for investment funds in the country.
Among the main changes brought about by the rule are (i) subsidiary application of other CVM normative annexes; (ii) definition of the strategic policy and management of the invested company; (iii) possibility of trading carbon credits from agribusiness; (iv) investment by the Fiagro classes in “any real rights over rural properties”, among others.
CVM Resolution 214 comes into effect on March 3, 2025. Existing Fiagros will have until June 30, 2025 to adapt to the new resolution.
CVM public consultation with proposals for the new EASY Regime for smaller companies
The Securities and Exchange Commission – CVM has made available to the general public of investors the public consultation of the proposed rules that establish the Facilitation of Access to Capital and Incentive to Listings – FÁCIL regime, which is part of the CVM 2024 Regulatory Agenda, bringing new rules, on an experimental basis, that promote facilitation of entry and access of smaller companies to the capital market.
Suggestions and comments can be sent until 12/6/2024 to the CVM email conpublica0124@cvm.gov.br.
B3 public consultation with proposals for changes to the Novo Mercado rules
B3 has made available to the general public of investors a public consultation to collect contributions to change the rules of the Novo Mercado, a listing segment for companies voluntarily committed to complying with more rigorous corporate governance practices than those required by current legislation.
After analyzing the contributions sent by the public, B3 will announce the restricted hearing, so that the companies listed in the segment can vote on the final proposal, which will also be subject to approval by CVM.
Suggestions and comments can be sent until 11/11/2024 to B3's email sre@b3.com.br.
CMN public opinion survey on contracting real estate financing by financial institutions
The Central Bank of Brazil – BCB released on 09/11 the public opinion survey, through the Social Participation Notice No. 105/2024, with the objective of obtaining contributions to amend Resolution No. 4,676, of July 31, 2018, of the National Monetary Council – CMN, which deals with the Brazilian systems of […]
BCB changes to the Pix Regulation and operation of the Pix arrangement with the new BCB Resolution 402/2024
From the publication of (i) Resolution of the Central Bank of Brazil – BCB No. 402, on July 22, 2024; (ii) Resolution BCB No. 403; on July 23, 2024; (iii) Normative Instruction BCB No. 491; and (iv) on August 2, 2024, of Resolution BCB No. 406 and Resolution BCB […]
Central Bank of Brazil (BCB) raises limit for foreign exchange transactions
The Central Bank of Brazil (BCB) has increased the limits for foreign exchange transactions with immediate settlement by financial institutions, as well as brokerage firms and distributors of securities and securities, such as foreign exchange brokers and other non-banking institutions. In order to increase the limits for institutions to carry out foreign exchange transactions […]
Mazzucco&Mello advises client on acquisition of financial institution
We advised a foreign investor on the acquisition of a bank specialized in foreign exchange transactions and a fintech Mazzucco&Mello advised a foreign client on the acquisition of a bank specialized in foreign exchange transactions (purchase and sale of currencies) and a fintech from the same group specialized in e-commerce solutions. The transaction involved the acquisition of all of the shares […]
New CMN Resolution 5146/2024 simplifies the methodology of financial instrument classification criteria
Published on June 26, 2024 by the National Monetary Council – CMN, CMN Resolution No. 5,146 proposes adjustments to CMN Resolution No. 4,966, of November 25, 2021, which establishes the criteria and concepts for classification, recognition, measurement, provisioning and write-off of financial instruments, as well as for the designation and recognition […]
