RegAlert2022-11-25 | Resolução CMN 5042Added
CMN Resolution No. 5042 — Establishes Guidelines for Foreign Exchange Market Operations
CMN Resolution No. 5042 establishes the guidelines for conducting foreign exchange market operations and for the entry or exit of Brazilian reais or foreign currency through authorized institutions. It mandates that financial institutions obtain prior authorization from the Central Bank of Brazil to operate in this market and defines guiding principles such as competition, transparency, efficiency, and financial inclusion. The resolution sets general directives including free exchange rate agreement, unrestricted transaction values subject to regulation, and strict requirements for client identification and information disclosure. It also revokes Circular No. 24/1966, Resolution No. 4,033/2011, and Article 3 of CMN Resolution No. 4,948/2021, entering into force on December 31, 2022.
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CMN RESOLUTION NO. 5,042, OF NOVEMBER 25, 2022
Establishes the guidelines that must be observed for the conduct of operations in the foreign exchange market.
The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in a session held on November 24, 2022, based on Articles 3, item IV, and 4, items V and VIII, of Law No. 4,595, of December 31, 1964, and considering Articles 2, 14, § 2, and 15 of Law No. 14,286, of December 29, 2021, which will enter into force on December 31, 2022,
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Lineage: In force
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This document amends: CMN Resolution No. 4,948 — Foreign Derivatives Operations by Financial Institutions
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
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