Regulatory Alerts2026-02-25 | Instrução Normativa BCB 711Central Bank of Brazil Instruction Normative No. 711 of February 25, 2026
The Central Bank of Brazil's Department of Open Market Operations issued Instruction Normative No. 711 to amend Instruction Normative No. 506 of August 29, 2024. The amendment introduces Article 20-A, which establishes a fee structure for participants holding more than 50,000 accounts, charging R$10 for each new account exceeding the limit and R$1 monthly for each existing account exceeding it. These changes take effect upon publication but produce legal effects starting March 27, 2026, while revoking previous articles 12, 13, and 20 of the original instruction.
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