BCB Resolution No. 401 of July 17, 2024, amending BCB Resolution No. 277 of December 31, 2022, to raise limits for institutions conducting foreign exchange operations

BCB RESOLUTION NO. 401, OF JULY 17, 2024

Amends BCB Resolution No. 277, of December 31, 2022, which regulates Law No. 14.286, of December 29, 2021, to raise limits for institutions to conduct foreign exchange operations.

The Collegiate Board of the Central Bank of Brazil, in a session held on July 17, 2024, based on Art. 9 of Law No. 4.595, of December 31, 1964, Arts. 2, 3, 5, caput, item I, and 18 of Law No. 14.286, of December 29, 2021, and considering BCB Resolution No. 5.042, of November 25, 2022,

RESOLVES:

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 amendments:

“Art. 29. ....................................................................................................................

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II - ..............................................................................................................................

a) foreign exchange operations with clients for immediate settlement of up to US$500,000.00 (five hundred thousand United States dollars) or its equivalent in other currencies, with transfers related to the trading of financial derivative instruments abroad not being permitted; and

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Art. 2 This Resolution enters into force on September 2, 2024.

Diogo Abry Guillen

Acting Director of Regulation