Senate approves AI Legal Framework
The approved text introduces significant changes compared to the initial draft of the bill and may still be revised during discussions in the House of Representatives.
Ministry of Mines and Energy (MME) Ordinance defines criteria for classification of priority projects in the Oil, Gas, and Biofuels area
Ministry of Mines and Energy (MME)/GM Regulation No. 93 of December 10, 2024 (Regulation) sets the criteria and conditions for classifying projects within the scope of the Oil, Gas and Biofuels Department as priorities to issue incentivized debentures and infrastructure debentures (Debentures), as outlined in Decree No. 11,964/2024.
Central Bank of Brazil (BCB) and Securities and Exchange Commission (CVM): new rules for Foreign Portfolio Investment
The Central Bank of Brazil (BCB) and the Securities and Exchange Commission (CVM) published Joint Regulation No. 13, dated December 3, 2024 (Joint Regulation 13) that consolidates, replaces, and improves the regulation of foreign investment in the financial and capital markets (Portfolio Investment). This was an important step enabled by Law No. 14,286, dated December 29, 2021, which provides for the Brazilian exchange market, Brazilian capital abroad, foreign capital in the country, and the disclosure of information to BCB.
National Data Protection Agency (ANPD) opens consultation for project on artificial intelligence and data protection regulation
The National Data Protection Authority (ANPD) initiated a call for contributions from society regarding its project to regulate Artificial Intelligence (AI) and data protection, in line with the provisions of the Brazilian Data Protection Regulation (LGPD).
Central Bank of Brazil (BCB): New rules to join and use PIX
The Central Bank of Brazil (“BCB”) published Regulation No. 429 on November 11, 2024 (“BCB Regulation 429”), amending BCB Regulation No. 1, of August 12, 2020 (“BCB Regulation 1”) and its attached regulation, significantly changing the rules for unauthorized institutions to join and use PIX.
Government prepares a national policy for data centers
The interest in taking advantage of the wave of investments in data centers has made the Federal Government move to create a regulatory framework to attract specialized companies and investment funds to Brazil.
The Brazilian Telecommunications Regulatory Agency (ANATEL) opens Public Consultation on a draft regulation for administrative sanctions
Public Consultation No. 53/2024 is available on the Participa Anatel platform and open for contributions until December 9, 2024. The Brazilian Telecommunications Regulatory Agency (ANATEL)’s Administrative Sanctions Regulation (RASA) was approved through Resolution No. 589 of May 7, 2012, aiming to establish parameters and criteria for applying administrative sanctions in the telecommunications sector.
Ministry of Finance presents proposals for new regulations on the economic and competitive aspects of digital platforms
On October 10, 2024, the Ministry of Finance presented the results of the Call for Contributions to the regulation of economic and competition aspects of digital platforms, including 12 proposals for statutes and regulations, in the report “Digital Platforms: economic and competition aspects and recommendations for regulatory improvements in Brazil”.
