CMN Resolution No. 5318 — Amends CMN Resolution No. 5,060 of February 16, 2023, Regarding the Organization and Operation of Commercial and Multiple Banks

The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595 of December 31, 1964, makes public that the National Monetary Council, in a session held on June 25, 2026, based on the provisions of Article 4, caput, items VI and VIII, of the aforementioned Law, and Law No. 4,728 of July 14, 1965,

RESOLVES:

Art. 1º Resolution CMN No. 5,060 of February 16, 2023, published in the Official Gazette of the Union on February 22, 2023, shall enter into force with the following alterations:

“Art. 6º It is prohibited for a commercial bank under corporate control of a stock exchange, a commodities and futures exchange, or a stock and commodities and futures exchange to engage in the following activities:

I - raise funds through time deposits and the issuance of promissory notes;

II - grant credit operations and other operations with characteristics of credit granting, sureties, guarantees, and securities, of any nature;

III - intermediate the placement of securities; and

IV - maintain proprietary positions in securities, except those issued by itself or that serve as collateral for the issuance of its own Brazilian Depositary Receipts – BDRs, sponsored and unsponsored, in accordance with the regulations of the Securities and Exchange Commission (Comissão de Valores Mobiliários).

Sole Paragraph. The provisions of item II of the caput do not apply to repo operations and lending of financial assets, provided they are not issued by the counterparty of the operation or an entity within its economic group.” (NR)

Art. 2º This Resolution enters into force on July 1, 2026.

GABRIEL MURICCA GALÍPOLO President of the Central Bank of Brazil