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Financial regulation

Advice to institutions authorised by the Central Bank of Brazil and to participants in the market regulated by the Securities Commission (CVM).

Financial institutions and other entities authorised by the Central Bank operate under a dense body of rules: authorisation, capital, governance, anti-money-laundering, foreign exchange, reporting. We help the institution read those rules and apply them to the concrete case, with particular attention to what the supervisor expects to find when it examines the institution.

We issue opinions on the lawfulness of transactions and products, review internal policies and AML/CFT manuals, and assist the institution in administrative proceedings, authorisation requests and replies to letters from the Central Bank, the CVM and the Coaf.

We have particular experience in the regulation of gold as a financial asset, in foreign-exchange transactions linked to exports and in the obligations of securities dealers (DTVMs).

How we work

  1. Written opinion, identifying precisely the applicable rule and the risk of each alternative.
  2. Technical dialogue with the supervisor, where needed, on the institution's behalf.
  3. Periodic review of internal policies in light of new rules.

Frequently asked questions

Do you act in enforcement proceedings?
Yes, before the Central Bank, the CVM and the Coaf, from the reply to the notice through to the appeal to the Financial System Appeals Council (CRSFN).
Do you assist institutions being set up?
Yes, including preparing the authorisation request and the business plan required by the Central Bank.
What is gold as a financial asset?
Gold traded by an institution authorised by the Central Bank from its first acquisition, under Law 7,766/1989, subject to financial-market regulation rather than to the taxation of goods.

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