Normative Instruction BCB No. 299 — Discloses procedures, documents, deadlines and information necessary for the instruction of authorization requests related to the functioning of institutions governed by CMN Resolution No. 4,970 of November 25, 2021

Normative Instruction BCB No. 299 establishes the specific procedures, documents, deadlines, and information required to process authorization requests for the operation, transfer or change of control, and merger, spin-off, incorporation, or dismemberment of financial institutions regulated by CMN Resolution No. 4,970. It mandates the submission of detailed business plans, economic-financial capacity declarations, source of funds documentation, and background checks for controllers and qualified shareholders through the Unicad system and Sisorf forms. The instruction also requires specific authorizations for data access and tax information sharing, while revoking previous requirements for shareholder agreements and usufruct contracts related to corporate control.

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BCB NORMATIVE INSTRUCTION
No. 299, OF AUGUST 30, 2022

Discloses procedures, documents, deadlines and information necessary for the instruction of authorization requests related to the functioning of the institutions governed by CMN Resolution No. 4,970, of November 25, 2021.

The Head of the Department of Organization of the Financial System (Deorf), in the exercise of the attribution conferred by arts. 23, item I, letter “a”, and 96, item XII, of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 84.287, of February 27, 2015, based on arts. 7º, § 4º, and 27 of CMN Resolution No. 4,970, of November 25, 2021,

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Lineage: Amended

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Timeline

Amended 2 times · last 2026-01-29

2026-01-29BCBNormative Instruction BCB No. 705 of January 29, 2026amends
2023-01-02BCBCentral Bank of Brazil Instruction Normative No. 342 of January 2, 2023amends

Source: Banco Central 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