BCB Resolution No. 410 — Amending BCB Resolution No. 278 of December 31, 2022, Regarding Foreign Capital, External Credit Operations, and Foreign Direct Investment

BCB RESOLUTION NO. 410, OF SEPTEMBER 11, 2024

Amends
BCB Resolution 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.

The Collegiate Board of the Central Bank of Brazil, in a session held on September 11, 2024, based on Arts. 1, 5, caput, items VIII and IX and § 4, 8, 9, 10, 11 and 18 of Law No. 14,286, of December 29, 2021,

RESOLVES:

Art. 1 BCB Resolution No. 278, 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. 2 .....................................................................................................................

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XVII - conversion: operation by which rights and credits capable of generating financial transfers abroad, as well as assets belonging to non-residents, are converted into foreign direct investment or external credit in accordance with this Resolution;

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XIX - alienation to a resident: transfer of equity participation in a Brazilian company from a non-resident investor to a resident investor;

XX - acquisition by a resident: transfer of equity participation in a Brazilian company from a resident investor to a non-resident investor;

XXI - deactivation of the SCE-IED code: termination of the receiver-investor link by extinction of the investment; and

XXII - closure of the recipient: liquidation, total spin-off, merger or incorporation of the Brazilian recipient company of the investment.” (NR)

“Art. 18. ....................................................................................................................

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§ 1º ...........................................................................................................................

§ 2 The person responsible for providing information or the legal representative must register the deactivation of the SCE-IED code and the closure of the recipient in applicable situations.” (NR)

“Art. 36. ....................................................................................................................

I - capitalization through tangible assets, intangible assets or through virtual assets;

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VI - distribution of profits and dividends, payment of interest on equity, acquisition by residents, alienation to residents, return of capital and net equity resulting from liquidation, capitalization of profits, dividends and interest on equity and other capitalizations, when not carried out in the manner of Art. 35.

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Art. 2 The following provisions of BCB Resolution No. 278, of December 31, 2022, published in the Official Gazette of the Union on December 31, 2022, are hereby revoked:

I - Art. 2, caput, items XIII, XIV and XVIII; and

II - Art. 36, caput, items III, V, VII and VIII.

Art. 3 This Resolution enters into force on October 1, 2024.

OTÁVIO RIBEIRO DAMASO
Director of Regulation