RegAlert2023-10-17 | Resolução BCB 348Added
BCB Resolution No. 348 — Amends Resolution BCB No. 278, Resolution BCB No. 281, and Circular No. 3.689 regarding foreign capital, external credit, and foreign direct investment
The resolution amends reporting requirements for external credit and foreign direct investment by introducing the SCE-Crédito and SCE-IED systems, mandating the use of specific codes in financial transfers, and setting deadlines for declarations. It establishes that financial transfers of foreign direct investment equal to or exceeding US$100,000 require the SCE-IED code, while all external credit transfers require the SCE-Crédito code. The regulation also updates periodic reporting obligations, including quarterly and annual declarations for recipients with assets exceeding R$300 million or net equity exceeding US$100 million, with specific effective dates ranging from October 2023 to February 2025.
BCB published 15 documents in the last 30 days — get each new one by email the day it lands.
BCB RESOLUTION NO. 348, OF OCTOBER 17, 2023
Amends Resolution BCB No. 278, of December 31, 2022, which regulates Law No. 14.286, of December 29, 2021, regarding foreign capital in the Country, external credit operations and foreign direct investment, as well as the provision of information to the Central Bank of Brazil; amends Resolution BCB No. 281, of December 31, 2022, which regulates transitional provisions to be observed in conjunction with Resolution BCB No. 278, of 2022, which regulates Law No. 14.286, of 2021, regarding foreign capital in the Country, external credit operations and foreign direct investment, as well as the provision of information to the Central Bank of Brazil; and amends Circular No. 3.689, of December 16, 2013, which regulates, within the scope of the Central Bank of Brazil, provisions on foreign capital in the Country and Brazilian capital abroad.
Read the rest free, and get an email when BCB publishes again
Lineage: In force
Source: Banco Central do Brasil — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
More like this from BCB
BCB published 15 documents in the last 30 days. We email you each new one the day it's published.
FX rules change often. Get an email the day any regulator we track changes its foreign-exchange rules.