Regulatory Alerts2026-05-04 | Resolução Conjunta 20Joint Resolution No. 20 of May 4, 2026, Amending Joint Resolution No. 8 of December 21, 2023, Regarding Financial Education Measures by Financial Institutions
The Central Bank of Brazil and the National Monetary Council issued Joint Resolution No. 20 to amend Joint Resolution No. 8, imposing mandatory financial education measures on financial institutions, payment institutions, and other entities authorized by the Central Bank. The amendment requires these institutions to adopt specific policies covering client relationship phases, business model compatibility, debt management assistance, board approval, periodic evaluation, role definition, employee training, internal dissemination, and formal documentation. This regulatory update establishes the legal framework for financial literacy initiatives within the Brazilian financial sector, with the new provisions entering into force on July 1, 2027.
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