RegAlert2024-11-07 | Instrução Normativa BCB 547Added
Central Bank of Brazil Instruction Normative No. 547 of November 7, 2024
Instruction Normative BCB No. 547 amends Instruction Normative BCB No. 398 to update the documentation requirements for authorization requests related to consortium administrators. It introduces new Sisorf model declarations regarding shareholder agreements, mandates proof of resource origin for capital increases exceeding 50% or in specific non-compliance scenarios, and establishes a fifteen-day deadline for cancellation requests. The regulation also creates a new section authorizing the extinction of the audit committee via Sisorf model 8.21.10.10 and updates internal control and anti-money laundering provisions across its annexes.
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INSTRUCTION NORMATIVE BCB NO. 547, OF NOVEMBER 7, 2024
Amends Instruction Normative BCB No. 398, of June 29, 2023, which disseminates procedures, documents, deadlines, and information necessary for the processing of authorization requests related to the operation of consortium administrators governed by Resolution BCB No. 233, of July 27, 2022.
The Head of the Department of Financial System Organization — Deorf, in the exercise of the authority conferred by arts. 23, item I, letter “a”, and 98, item VI, of the Internal Regulations of the Central Bank of Brazil, annexed to Resolution BCB No. 340, of September 21, 2023, based on art. 16 of Resolution BCB No. 130, of August 20, 2021, and art. 6 of Resolution BCB No. 233, of July 27, 2022,
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