Regulatory Alerts2026-06-23 | Resolução BCB 576BCB Resolution No. 576 on Administrator Succession Policy for Financial Institutions
The Central Bank of Brazil issued Resolution No. 576, mandating that consortium administrators, securities brokers, currency brokers, virtual asset service providers, and payment institutions implement and maintain a formal administrator succession policy. This policy must be tailored to the institution's risk profile and business model, covering recruitment, evaluation, and retention criteria for senior management roles. The Board of Directors is responsible for approving and supervising the policy, which must be reviewed at least every five years and documented for regulatory inspection.
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