Regulatory Alerts2023-12-21 | Resolução Conjunta 8Joint Resolution No. 8 — Financial Education Measures for Financial Institutions and Payment Institutions
The Central Bank of Brazil and the National Monetary Council issued Joint Resolution No. 8, mandating that financial institutions and payment institutions implement comprehensive financial education measures for natural person clients. The resolution requires institutions to establish an ethical, transparent, and personalized financial education policy tailored to customer needs and business complexity, with designated directors responsible for compliance. These measures must focus on budget planning, savings resilience, and debt prevention, with full enforcement beginning on July 1, 2024.
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