2006-12-21 | Resolução CMN 3426

Added 2026-09-26

Resolution CMN No. 3426 — Establishes the constitution and operation of financial institutions specialized in foreign exchange transactions

Resolution CMN No. 3426 authorizes the establishment of exchange banks as specialized financial institutions permitted to conduct foreign currency purchase and sale, international resource transfers, import and export financing, and foreign exchange contract advances. These institutions are additionally allowed to operate in the domestic financial market, execute interfinancial deposits, and utilize interbank transfers, interfinancial deposits, and foreign-captured resources for their activities. Exchange banks must permanently maintain a minimum paid-in capital and net equity of R$7,000,000.00 and are subject to the same constitution and operation conditions as other financial institutions, including immobilization limits and reference equity requirements. The resolution entered into force on the date of its publication.

Brazil

Banco Central do Brasil

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RESOLUTION NO. 3426

Dispenses with the constitution and operation of financial institutions specialized in the realization of foreign exchange transactions.

THE CENTRAL BANK OF BRAZIL, in accordance with Article 9 of Law 4.595, of December 31, 1964, makes public that the MONETARY NATIONAL COUNCIL, in a session held on December 21, 2006, based on the provisions of Article 4, items V, VI, VIII, and XIII, of the aforementioned law, with the modifications introduced by Decree-Law 581, of May 14, 1969,

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Amended 1 time · last 2025-11-03

• 2025-11-03BCBJoint Resolution No. 14 — Methodology for Calculating Minimum Paid-in Share Capital and Net Equity Limits for Financial Institutionsamends

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