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Central Bank of Brazil (BCB) and Securities and Exchange Commission (CVM): new rules for Foreign Portfolio Investment

11 December 2024

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.

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Central Bank of Brazil (BCB) and Securities and Exchange Commission (CVM): new rules for Foreign Portfolio Investment

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