BCB Resolution No. 369 on the Certification of Employees of Securities and Currency Brokers Authorized by the Central Bank of Brazil

BCB RESOLUTION NO. 369, OF JANUARY 25, 2024

Provides for the certification of employees of securities and capital markets brokerages, securities and capital markets distributors, and currency brokerages authorized to operate by the Central Bank of Brazil.

The Collegiate Board of the Central Bank of Brazil, in a session held on January 23, 2024, based on Article 9-A, items I and II, of Law No. 4,728, of July 14, 1965,

RESOLVES:

Art. 1 This Resolution provides for the certification of employees of securities and capital markets brokerages, securities and capital markets distributors, and currency brokerages authorized to operate by the Central Bank of Brazil that act in serving the institution's clients in the activities of distribution and mediation of securities, capital market instruments, and derivatives.

Art. 2 The institutions mentioned in Art. 1 must ensure that their employees, to perform the activities of distribution and mediation of securities, capital market instruments, and derivatives, are previously considered qualified in a certification exam organized by an entity of recognized technical capacity.

Art. 3 The institutions mentioned in Art. 1 must ensure that the knowledge of their employees considered qualified for the purposes of this Resolution is periodically updated.

Art. 4 This Resolution enters into force on March 1, 2024.

OTÁVIO RIBEIRO DAMASO
Director of Regulation