RegAlert2021-12-29 | Lei 14.286/2021Added
Law No. 14,286 of December 29, 2021 – Brazilian foreign exchange market, Brazilian capital abroad and foreign capital in Brazil
The law establishes that foreign‑exchange operations may be carried out freely, without value limits, but only through institutions authorized by the Central Bank of Brazil, which must identify clients and prevent money‑laundering and terrorist financing. It authorizes the Central Bank to regulate the foreign‑exchange market, the handling of Brazilian capital abroad and foreign capital in the country, to set requirements for accounts of non‑residents, and to impose a financial charge of up to 100% of the advance on foreign‑exchange sellers in certain contracts. Private settlement of credits between residents and non‑residents is permitted under Central Bank regulation, and penalties for infractions are aligned with existing monetary‑law sanctions. The law took effect on the date of its publication, 29 December 2021.
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LAW NO. 14,286, OF DECEMBER 29, 2021
Effective Date
*Provides for the Brazilian foreign‑exchange market, Brazilian capital abroad, foreign capital in the country and the provision of information to the Central Bank of Brazil; amends Laws No. 4,131 (Sept 3 1962), 4,728 (July 14 1965), 8,383 (Dec 30 1991), 10,192 (Feb 14 2001), and 11,371 (Nov 28 2006), and Decree No. 23,258 (Oct 19 1933); revokes Laws No. 156 (Nov 27 1947), 1,383 (June 13 1951), 1,807 (Jan 7 1953), 2,145 (Dec 29 1953), 2,698 (Dec 27 1955), 4,390 (Aug 29 1964), 5,331 (Oct 11 1967), 9,813 (Aug 23 1999), and 13,017 (July 21 2014), Decrees‑Law No. 1,201 (Apr 8 1939), 9,025 (Feb 27 1946), 9,602 (Aug 16 1946), 9,863 (Sept 13 1946), and 857 (Sept 11 1969), Provisional Measure No. 2,224 (Sept 4 2001), and provisions of Laws No. 4,182 (Nov 13 1920), 3,244 (Aug 14 1957), 4,595 (Dec 31 1964), 5,409 (Apr 9 1968), 6,099 (Sept 12 1974), 7,738 (Mar 9 1989), 8,021 (Apr 12 1990), 8,880 (May 27 1994), 9,069 (June 29 1995), 9,529 (Dec 10 1997), 11,803 (Nov 5 2008), 12,865 (Oct 9 2013), 13,292 (May 31 2016), and 13,506 (Nov 13 2017), and Decrees‑Law No. 2,440 (July 23 1940), 1,060 (Oct 21 1969), 1,986 (Dec 28 1982), and 2,285 (July 23 1986).
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Lineage: In force
Show all related documents (57)
- Supersedes
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- Law No. 10192 dated 2001-02-14not in RegAlertLaw No. 11371 dated 2006-11-28not in RegAlertLaw No. 14651 of 2023not in RegAlertLaw No. 4131 dated 1962-09-03not in RegAlertLaw No. 4506 dated 1964-11-30not in RegAlertLaw No. 4728 dated 1965-07-14not in RegAlert
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Law No. 8383 dated 1991-12-30not in RegAlertRegulation No. 23258 dated 1933-10-19not in RegAlert - Issued under
- Law No. 9,613 of March 3, 1998 — Money Laundering Crimes; Prevention of Financial System Use for These Illicit Acts; Creation of COAF1998
- Basis for
- BCB Resolution No. 585 — Standard Format for Identifying Bank Accounts in Brazil for International Fund Transfers (IBAN Format) and Regulation of Its Use2026BCB Resolution No. 574 — Amending Resolution BCB No. 277 to Regulate Information Reporting for Virtual Asset Operations in the Foreign Exchange Market2026BCB Resolution No. 563 — Regulates the Opening and Maintenance of Real Deposit Accounts by the Central Bank of Brazil for International Organizations and Foreign Central Banks2026Normative Instruction BCB No. 705 of January 29, 20262026BCB Resolution No. 539 — Amends Resolution BCB No. 277 to Enhance Interbank Foreign Exchange Operations2025BCB Resolution No. 410 — Amending BCB Resolution No. 278 of December 31, 2022, Regarding Foreign Capital, External Credit Operations, and Foreign Direct Investment2024
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CMN Resolution No. 5069 — Regulates the Local Currency Payment System (SML) and establishes guidelines for bilateral agreements among SML participants within Mercosul2023CMN Resolution No. 5,064 - Amends CMN Resolution No. 5,056 of December 15, 2022 regarding the financial charge under Article 7 of Law No. 14,286 of December 29, 20212023BCB Resolution No. 278 Regulates Law No. 14,286 of December 29, 2021 Regarding Foreign Capital in the Country, External Credit Operations, and Foreign Direct Investment2022BCB Resolution No. 279 — Regulates Law No. 14,286 of December 29, 2021, to provide for Brazilian capital abroad2022BCB Resolution No. 280 Regulating Article 1 of Law No. 14,286 of December 29, 2021 Regarding the Definition of Resident and Non-Resident for Individuals and Legal Entities2022BCB Resolution No. 274 — Amending Resolution BCB No. 131 to Align Penalty Application with Law No. 14,286/20212022CMN Resolution No. 5042 — Establishes Guidelines for Foreign Exchange Market Operations2022 - Refers to
- Law No. 10,214, of March 27, 2001 – Operation of Clearing and Settlement Chambers and Service Providers in the Brazilian Payment System2001
Timeline
This document supersedes: Law No. 13,506 of November 13, 2017 – Sanctioning Administrative Process in the Scope of the Central Bank of Brazil and the Securities and Exchange Commission, Law No. 12,865, of October 9, 2013 — payment arrangements and payment institutions that are part of the Brazilian Payment System
Source: Congresso Nacional 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