backOn July 24, 2025, the National Monetary Council (CMN), supported by the Central Bank of Brazil, approved a resolution that consolidates and updates the regulatory framework for Societies of Credit, Financing, and Investment (SCFI), commonly known as “finance companies.” The measure, effective September 12, 2025, replaces regulatory provisions that had been in place for over sixty years and unifies rules that had been scattered since 1959. It follows Public Consultation No. 101/2024, which received 33 contributions from market stakeholders, including associations, fintechs, and law firms.
This regulatory modernization enhances legal clarity and regulatory security for the financial sector. The new resolution explicitly allows financial institutions to act as acquirers and invest in the capital of other entities, facilitates foreign resource mobilization, and consolidates the use of instruments such as Real Estate Credit Letters (LCIs) and Structured Operations Certificates (COEs). It also incorporates credit fintechs and payment institutions, aiming to foster competition and innovation within Brazil’s credit market.
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