Regulatory Alerts2025-12-18 | Resolução CMN 5273CMN Resolution No. 5,273 — Amending CMN Resolution No. 5,051 Regarding the Organization and Operation of Credit Cooperatives
The Brazilian Central Bank, via the National Monetary Council, issued Resolution No. 5,273 to amend the regulations governing credit cooperatives, specifically expanding their ability to provide electronic money and post-paid payment instruments to members and municipalities. The resolution establishes strict limits on the total funds credit cooperatives may capture from municipalities, capping them at the higher of guaranteed amounts or 5% of total deposits, with a potential increase to 6% for multi-tier cooperative systems demonstrating robust liquidity guarantees. Credit cooperatives holding excess municipal funds as of November 30, 2025, are granted a compliance period until December 31, 2026, during which they must invest the excess in free federal public securities and are prohibited from using these funds as collateral.