Regulatory Alerts2025-12-18 | Resolução BCB 542BCB Resolution No. 542 — Establishes Conditions for the Formation, Organization, and Operation of Foreign Exchange Brokerage Companies
The Central Bank of Brazil issued Resolution BCB No. 542 to establish the general norms for the organization, discipline, supervision, and activities of foreign exchange brokerage companies. The regulation mandates that these entities operate as corporations or limited liability companies, prohibits single-member natural person structures, and restricts their activities to foreign exchange intermediation and specific auxiliary services like electronic money issuance. Furthermore, the resolution explicitly forbids these companies from granting financing, acquiring non-essential assets, or obtaining loans from financial institutions, while revoking previous regulations and setting an effective date of February 2, 2026.
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