Regulatory Alerts2025-12-18 | Resolução CMN 5272CMN Resolution No. 5,272 — Governs the Investment of Resources of Own Social Security Regimes (RPPSs)
The National Monetary Council issued Resolution No. 5,272 to regulate the investment of resources for Brazil's Own Social Security Regimes (RPPSs), mandating strict adherence to principles of security, liquidity, and transparency. The resolution establishes specific allocation limits across fixed and variable income segments, linking higher investment privileges to institutional governance certification levels. It further requires formal investment policies, rigorous risk management, and the segregation of RPPS assets from federal entity resources to ensure actuarial balance.
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