Banking, insurance and finance
Proposals under analysis contribute to the adoption of more responsible environmental, social and governance practices in the financial market, both in the granting of credit and in the channeling of investments.
The reporting is mandatory to companies with direct participation of non-residents in its capital stock, in any amount, among other entities.
The reporting is mandatory to those legal entities when, on December 31, 2020, they had a net worth equivalent to or above USD 100 million and, simultaneously, any direct ownership held by non-resident investors in their capital stock, regardless of the amount.
The CRAs market tends to become more attractive to investors with BNDES' role as a guarantor for investors in issuances of CRAs.
The reporting is mandatory to those holding assets abroad amounting to or exceeding the equivalent to 1 million USD on December 31, 2020.
With the change, new credit transactions tend to have more beneficial terms and interest conditions for the borrower than in unsecured obligations.
The draft puts forward proposals that may have an impact on the Brazilian payments industry. Some are long awaited by the market, such as the regulation of the payment initiation service providers.
Deadline has been postponed, but submission in violation of the Central Bank’s rules may still lead to fines.
A significant adherence of financial institutions to loans backed by book-entry trade notes can lead to cheaper forms of credit for businesses and expand the activities of financial asset registrars.
New model is more flexible, based on internal risk assessment. Central Bank of Brazil Circular No. 3461 and CVM Instruction No. 301 take effect on July 1.
See the rules and implementation phases of the project that promises to transform the financial services industry in Brazil.
Partners, shareholders, or associates will be able to send a remote voting ballot or participate in the meeting remotely using an electronic system accessible to all.
