CMN Resolution No. 5043 — Regulates Shareholdings and Installation of Foreign Branches by Financial Institutions

CMN Resolution No. 5043 regulates shareholdings by financial institutions in Brazil and abroad, as well as the installation of foreign branches, establishing operational limits, capital requirements, and prohibitions on reciprocal shareholdings and certain transactions with related foreign entities. It mandates prior authorization from the Central Bank of Brazil for capital increases and foreign installations, while requiring ongoing information reporting and cooperation with foreign regulators. The resolution revokes previous resolutions 2,723, 4,062, 4,403, and 4,777, and enters into force on January 1, 2023.

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CMN RESOLUTION NO. 5,043, OF NOVEMBER 25, 2022

Regulates shareholdings, in the country and abroad, and the installation of branches, abroad, by financial institutions and other institutions authorized to operate by the Central Bank of Brazil.

The Central Bank of Brazil, in accordance with art. 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 arts. 4, item VIII, and 30 of the aforementioned Law and taking into account the provisions of art. 10, item X, letter “b”, of the aforementioned Law and Law No. 4,728, of July 14, 1965,

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Lineage: In force

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This document supersedes: Resolution CMN No. 2723 — Establishes norms, conditions and procedures for the establishment of branches abroad and for direct or indirect equity participation in Brazil and abroad by financial institutions and other institutions authorized by the Central Bank of Brazil

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