RegAlert2023-09-28 | Resolução CMN 5105Added
Resolution CMN No. 5105 — Establishes minimum guidelines for the constitution, operation, authorization, and supervision of securities brokerage, foreign exchange brokerage, and securities distribution companies
Resolution CMN No. 5105 establishes minimum guidelines for the constitution, operation, authorization, and supervision of securities brokerage companies, foreign exchange brokerage companies, and securities distribution companies. It mandates that the operation of these institutions depends on prior authorization from the Central Bank of Brazil and outlines ten guiding principles for regulation, including risk prevention, transparency, client protection, and anti-money laundering compliance. The resolution requires applicable norms to maintain uniformity with other Central Bank-authorized institutions and convergence with internationally accepted standards, considering the nature, size, and risk complexity of the institutions. It entered into force on November 1, 2023.
BCB published 15 documents in the last 30 days — get each new one by email the day it lands.
Resolution
RESOLUTION CMN NO. 5,105, OF SEPTEMBER 28, 2023
Establishes minimum guidelines for the discipline of the conditions for constitution and operation, for the authorization for constitution and operation, and for the supervision of the activities of securities brokerage companies, foreign exchange brokerage companies, and securities distribution companies.
The Central Bank of Brazil, in accordance with Art. 9 of Law No. 4,595, of December 31, 1964, makes public that the Monetary National Council, in a session held on September 28, 2023, based on arts. 3, item V, of the aforementioned law, 2, item IV, and 9-A of Law No. 4,728, of July 14, 1965,
Read the rest free, and get an email when BCB publishes again
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