BCB Resolution No. 575 of June 18, 2026: Amends Resolutions BCB No. 277 and 278 to Regulate Foreign Currency Deposit Accounts for Exporters, External Debtors, and Foreign Investors

VOTE

BCB RESOLUTION NO. 575, OF JUNE 18, 2026

Amends BCB Resolution No. 277, of December 31, 2022, and BCB Resolution No. 278, of December 31, 2022, to provide for foreign currency deposit accounts held by goods-exporting legal entities; by private-law resident legal entities indebted for external credit; by companies headquartered in the country with direct non-resident participation in their share capital; and by non-resident legal entities creditors of external credit to residents or with direct participation in the capital of a company headquartered in the country.

The Collegiate Board of the Central Bank of Brazil, in a session held on June 18, 2026, based on Art. 9 of Law No. 4.595, of December 31, 1964, on Arts. 2, 5, main text , items I and IX, and § 1, 10, 11 and 18, main text , item I, of Law No. 14.286, of December 29, 2021, and considering CMN Resolution No. 5.042, of November 25, 2022, and Art. 8 of Law No. 14.286, of December 29, 2021,

R E S O L V E S:

Art. 1 BCB Resolution No. 277, of December 31 2022, published in the Official Gazette of the Union on December 31, 2022, shall enter into force with the following alterations: "Art. 70. .................................................................................................................................. ................................................................................................................................................. X - institutions authorized to operate in the foreign exchange market; XI - companies holding rights to exploration and production of oil and natural gas; XII - goods-exporting legal entities; XIII - resident private-law legal entities debtor of external credit; XIV - companies headquartered in the country, with legal personality, that have direct non-resident participation in their share capital; XV - non-resident legal entities creditors of external credit to residents; and XVI - non-resident legal entities with direct participation in the share capital of a company headquartered in the country. Sole Paragraph. The contracting of a foreign exchange operation is waived for the transfer of funds in foreign currency to and from the accounts referred to in the main text , including in the case of involving conversion between foreign currencies." (NR) "Art. 75-A. Goods-exporting legal entities may hold foreign currency deposit accounts, it being observed that: I - credits in these accounts must result exclusively from export revenues and other values originating from abroad; II - the conversion to reais of the values held therein must be carried out through the contracting of a foreign exchange operation, in accordance with current regulations; and III - withdrawals and cash deposits and movement by checks are prohibited." (NR) "Art. 75-B. Movements in foreign currency deposit accounts held by the persons referred to in Art. 70, main text , items XIII to XVI, are additionally subject to regulations on foreign capital in the country, it being observed that: I - credits and debits in these accounts must result exclusively from external credit operations or foreign direct investment; II - the conversion to reais of the values held therein must be carried out through the contracting of a foreign exchange operation, in accordance with current regulations; and III - withdrawals and cash deposits and movement by checks are prohibited." (NR) "Art. 80-A. Institutions authorized to operate in the foreign exchange market that maintain foreign currency deposit accounts must send the information contained in Annex X to the Central Bank of Brazil, in the manner established by it, through the Câmbio System, by the fifth day of the month following the reference month." (NR) Art. 2 BCB Resolution No. 277, of December 31 2022, shall enter into force supplemented by Annex X, in the form of Annex I of this Resolution. Art. 3 BCB Resolution No. 278, of December 31, 2022, published in the Official Gazette of the Union on December 31, 2022, shall enter into force with the following alterations: "Art. 3-A Those eligible to hold foreign currency deposit accounts referred to in Art. 70, main text , items XIII to XVI, of BCB Resolution No. 277, of December 31, 2022, are those who prove to possess external credit operations or foreign direct investment currently in force subject to the provisions respectively, in Arts. 23 and 32 of this Resolution. Sole Paragraph. The holders referred to in Art. 70, main text , items XIII and XIV, of BCB Resolution No. 277, of December 31, 2022, must also attest to the banking institution responsible for opening and maintaining their foreign currency accounts that the information regarding external credit operations and foreign direct investment referred to in the main text are declared and updated, in accordance with this Resolution, in SCE-Credit or SCE-FDI." (NR) "Art. 7 Payments resulting from external credit operations are limited to the amount necessary to settle the principal of the debt, interest, and charges." (NR) "Art. 18. .................................................................................................................................. ................................................................................................................................................. II - to provide for correction of declared information that is incorrect, outdated, or incomplete; and III - to provide for correction of information when requested by the Central Bank of Brazil. ......................................................................................................................................." (NR) "Art. 23. The provision of information must be carried out in the following situations: ......................................................................................................................................." (NR) "Art. 28. .................................................................................................................................. I - until the entry of funds into the country, when the entry occurs through a foreign exchange operation or movement of funds of interest to a third party in a non-resident account in reais; or II - within thirty days after disbursement, delivery of goods or provision of services, by the creditor, abroad or in the country, in other cases." (NR) "Art. 29. The information regarding the payment schedule, indispensable for effecting payments, must be declared by the responsible party within thirty days, as the case may be, after: ......................................................................................................................................." (NR) "Art. 31. .................................................................................................................................. ................................................................................................................................................. VIII - assignment of credit; IX - payments and receipts whose settlement occurs with virtual assets; and X - payments and receipts whose settlement occurs with debits and credits in a deposit account in foreign currency in the country. ......................................................................................................................................." (NR) Art. 4 This Resolution enters into force on October 1, 2026.

GILNEU FRANCISCO ASTOLFI VIVAN Director of Regulation

ANNEX I TO BCB RESOLUTION NO. 575, OF JUNE 18, 2026

ANNEX X TO BCB RESOLUTION NO. 277, OF DECEMBER 31, 2022

Information to be sent to the Central Bank of Brazil regarding foreign currency deposit accounts

I - client identification, observing Circular No. 3.978, of January 23, 2020; II - classification of the holder for opening the account, as provided in Art. 70; III - account identifier in the format International Bank Account Number – IBAN; IV - foreign currency of account denomination; V - reference month; and VI - value in the account denomination currency of: a) balance on the first day of the month; b) total credits in the month; c) total debits in the month; and d) balance on the last day of the month.