RegAlert2021-07-29 | Resolução CMN 4935Added
Resolution CMN No. 4,935 — Dispenses on the Hiring of Correspondents in the Country by Financial Institutions and Other Institutions Authorized to Operate by the Central Bank of Brazil
Resolution CMN No. 4,935 establishes the rules for financial institutions and other authorized entities to hire correspondents in Brazil for customer service activities. It defines eligible correspondent entities, prohibits contracts with franchising structures or those controlled by the hiring institution's administrators, and restricts foreign exchange operations to specific transactions with value limits. The regulation mandates strict contractual conditions, including technical certification for credit operations, transparent remuneration caps, and the maintenance of internal control policies and public disclosure of contracted correspondents.
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RESOLUTION CMN NO. 4,935, OF JULY 29, 2021
Dispenses on the hiring of correspondents in the country by financial institutions and by other institutions authorized to operate by the Central Bank of Brazil.
The Central Bank of Brazil, in accordance with art. 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in a session held on July 29, 2021, based on arts. 3, item V, and 4, items VI, VIII and XXXI, of the aforementioned Law,
R E S O L V E S:
CHAPTER I
OF THE OBJECT
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Lineage: In force
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
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