Resolution

RESOLUTION CMN No. 5,116, OF JANUARY 25, 2024

Amends Resolutions No. 3,823, of December 16, 2009; 3,989, of June 30, 2011; 4,516, of August 24, 2016; 4,534, of November 24, 2016; 4,535, of November 24, 2016; 4,747, of August 29, 2019; 4,817, of May 29, 2020; and 4,818, of May 29, 2020; and the CMN Resolutions No. 4,842, of July 30, 2020; 4,858, of October 23, 2020; 4,872, of November 27, 2020; 4,877, of December 23, 2020; 4,910, of May 27, 2021; 4,911, of May 27, 2021; 4,924, of June 24, 2021; 4,950, of September 30, 2021; and 4,967, of November 25, 2021, to exclude from their scope of application the securities brokerage firms, the securities distribution firms and the foreign‑exchange brokerage firms authorized to operate by the Central Bank of Brazil.

The Central Bank of Brazil, in the form of art. 9 of Law No. 4,595, of December 31, 1964, makes public that the Monetary Policy Council, in a session held on January 25, 2024, based on art. 4, items VIII and XII, of the said law, and in view of the provision of art. 61 of Law No. 11,941, of May 27, 2009,

RESOLVES:

Art. 1 The Resolution No. 3,823, of December 16, 2009, shall now be in force with the following amendment:

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§ 2 The provisions of this resolution do not apply to consortium administrators, payment institutions, securities brokerage firms, securities distribution firms and foreign‑exchange brokerage firms, which shall follow the rules issued by the Central Bank of Brazil in the exercise of its legal powers. (NR)

Art. 2 The Resolution No. 3,989, of June 30, 2011, shall now be in force with the following amendment:

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§ 2 The provisions of this Resolution do not apply to consortium administrators, payment institutions, securities brokerage firms, securities distribution firms and foreign‑exchange brokerage firms, which shall follow the rules issued by the Central Bank of Brazil in the exercise of its legal powers. (NR)

Art. 3 The Resolution No. 4,516, of August 24, 2016, shall now be in force with the following amendment:

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Sole paragraph The provisions of this Resolution do not apply to consortium administrators, payment institutions, securities brokerage firms, securities distribution firms and foreign‑exchange brokerage firms, which must observe the regulation issued by the Central Bank of Brazil in the exercise of its legal powers. (NR)

Art. 4 The Resolution No. 4,534, of November 24, 2016, shall now be in force with the following amendment:

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§ 1 The provisions of this Resolution do not apply to consortium administrators, payment institutions, securities brokerage firms, securities distribution firms and foreign‑exchange brokerage firms, which must observe the regulation issued by the Central Bank of Brazil in the exercise of its legal powers.

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(NR)

Art. 5 The Resolution No. 4,535, of November 24, 2016, shall now be in force with the following amendment:

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Sole paragraph The provisions of this Resolution do not apply to consortium administrators, payment institutions, securities brokerage firms, securities distribution firms and foreign‑exchange brokerage firms, which must observe the regulation issued by the Central Bank of Brazil in the exercise of its legal powers. (NR)

Art. 6 The Resolution No. 4,747, of August 29, 2019, shall now be in force with the following amendment:

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Sole paragraph The provisions of this Resolution do not apply to consortium administrators, payment institutions, securities brokerage firms, securities distribution firms and foreign‑exchange brokerage firms, which must observe the regulation issued by the Central Bank of Brazil in the exercise of its legal powers. (NR)

Art. 7 The Resolution No. 4,817, of May 29, 2020, shall now be in force with the following amendment:

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Sole paragraph .........................................................................................

I – to consortium administrators, payment institutions, securities brokerage firms, securities distribution firms and foreign‑exchange brokerage firms, which must observe the regulation issued by the Central Bank of Brazil in the exercise of its legal powers; and

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(NR)

Art. 8 The Resolution No. 4,818, of May 29, 2020, shall now be in force with the following amendment:

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Sole paragraph The provisions of this Resolution do not apply to consortium administrators, payment institutions, securities brokerage firms, securities distribution firms and foreign‑exchange brokerage firms, which must observe the regulation issued by the Central Bank of Brazil in the exercise of its legal powers. (NR)

Art. 9 CMN Resolution No. 4,842, of July 30, 2020, shall now be in force with the following amendment:

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Sole paragraph The provisions of this Resolution do not apply to consortium administrators, payment institutions, securities brokerage firms, securities distribution firms and foreign‑exchange brokerage firms, which must observe the regulation issued by the Central Bank of Brazil in the exercise of its legal powers. (NR)

Art. 10 CMN Resolution No. 4,858, of October 23, 2020, shall now be in force with the following amendment:

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Sole paragraph The provision in the head does not apply to consortium administrators, payment institutions, securities brokerage firms, securities distribution firms and foreign‑exchange brokerage firms, which must observe the regulation issued by the Central Bank of Brazil in the exercise of its legal powers. (NR)

Art. 11 CMN Resolution No. 4,872, of November 27, 2020, shall now be in force with the following amendment:

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Sole paragraph The provisions of this Resolution do not apply to consortium administrators, payment institutions, securities brokerage firms, securities distribution firms and foreign‑exchange brokerage firms, which must observe the regulation issued by the Central Bank of Brazil in the exercise of its legal powers. (NR)

Art. 12 CMN Resolution No. 4,877, of December 23, 2020, shall now be in force with the following amendment:

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Sole paragraph The provisions of this Resolution do not apply to consortium administrators, payment institutions, securities brokerage firms, securities distribution firms and foreign‑exchange brokerage firms, which must observe the regulation issued by the Central Bank of Brazil in the exercise of its legal powers. (NR)

Art. 13 CMN Resolution No. 4,910, of May 27, 2021, shall now be in force with the following amendment:

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Sole paragraph The provisions of this Resolution do not apply to consortium administrators, payment institutions, securities brokerage firms, securities distribution firms and foreign‑exchange brokerage firms, which must observe the regulation issued by the Central Bank of Brazil in the exercise of its legal powers. (NR)

Art. 14 CMN Resolution No. 4,911, of May 27, 2021, shall now be in force with the following amendment:

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§ 1 The provisions of this Resolution do not apply to consortium administrators, payment institutions, securities brokerage firms, securities distribution firms and foreign‑exchange brokerage firms, which must observe the regulation issued by the Central Bank of Brazil in the exercise of its legal powers.

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(NR)

Art. 15 CMN Resolution No. 4,924, of June 24, 2021, shall now be in force with the following amendment:

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Sole paragraph The provisions of this Resolution do not apply to consortium administrators, payment institutions, securities brokerage firms, securities distribution firms and foreign‑exchange brokerage firms, which must observe the regulation issued by the Central Bank of Brazil in the exercise of its legal powers. (NR)

Art. 16 CMN Resolution No. 4,950, of September 30, 2021, shall now be in force with the following amendment:

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Sole paragraph .........................................................................................

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II – to consortium administrators, payment institutions, securities brokerage firms, securities distribution firms and foreign‑exchange brokerage firms, which must observe the regulation issued by the Central Bank of Brazil in the exercise of its legal powers. (NR)

Art. 17 CMN Resolution No. 4,967, of November 25, 2021, shall now be in force with the following amendment:

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Sole paragraph The provisions of this Resolution do not apply to consortium administrators, payment institutions, securities brokerage firms, securities distribution firms and foreign‑exchange brokerage firms, which must observe the regulation issued by the Central Bank of Brazil in the exercise of its legal powers. (NR)

Art. 18 This Resolution enters into force on 1 March 2024.

CAROLINA DE ASSIS BARROS

President of the Central Bank of Brazil (substitute)