backOn December 18, 2025, the Central Bank of Brazil issued BCB Resolution No. 542, which establishes a consolidated regulatory framework governing the incorporation, organization, operation, and supervision of foreign exchange brokerage firms. The regulation fully replaces CMN Resolution No. 5,009/2022 and reflects an effort to modernize and streamline the rules applicable to these institutions in light of developments in the foreign exchange and financial services markets.
The new framework introduces relevant adjustments to the legal regime applicable to brokerage firms, including the authorization to perform ancillary activities such as issuing electronic money and intermediating virtual assets, subject to compliance with specific regulations and provided that such activities are not their primary business. In addition, the Resolution reiterates corporate structure requirements and operational prohibitions, while expressly addressing duties related to client assistance and technical support through transaction settlement, thereby strengthening governance standards and legal certainty in foreign exchange transactions.
share
