Regulatory Alerts2025-12-18 | Resolução BCB 540BCB Resolution No. 540 of December 18, 2025, Amending Resolution BCB No. 339 Regarding Bookkeeping of Book-entry Duplicatas
The Central Bank of Brazil issued Resolution No. 540 to amend Resolution No. 339, formally defining book-entry duplicata acquisition with recourse and negotiation activities while imposing strict data reporting and public disclosure obligations on issuers. The regulation establishes a new operational framework requiring bookkeepers to process pre-existing commercial receivable contracts before system launch, ensuring interoperability between financial market systems and prioritizing existing creditor claims. Issuers must resolve any disputes regarding these contracts and publicly declare readiness before commencing operations, with the resolution entering into force on January 5, 2026.
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