Non-resident investor

Operational procedures and regulation

Public confidence in the soundness of the capital markets and in the professionals who work in those markets is an essential component for continued vitality and growth.

In this section, you will find all the information you need regarding compliance with market rules & regulation, and how these rules apply to all of the B3 market participants.

On May 2, 2005, the Brazilian Securities Commission (CVM) published the Rule CVM 419 that sets a new framework for the identification of non-resident investors by Brazilian brokerage houses and local custodians.

B3 has released a set of materials in English to support the communication of Brazilian institutions with foreign counterparts.

• Brazilian Legislation instruments regarding this issue

  Relevant Brazilian Legislation

  Brazilian Securities Commission

  

  Rule 505

  

  Rule 301

  

   Rule 541 

  

  Rule 542

  

  Rule 543

  

  Rule 560

  

  Circular Letter 4/2015

  Brazilian Federal Laws and Resolutions

  

  Law 6385

  

  Law 9613

  

   Monetary Council Resolution- 4373 

  

   Normative Instruction 1634/2016 - Receita Federal 

  

  

  Other regulation of interest to foreign investors
• Minimum content suggestion for contract to be set between Brazilian and foreign brokerage houses and for contract between local and global custodians
  

    Local and Foreign Brokerage Houses (bilingual version – English/Portuguese)  

  

  Local and Global Custodians (bilingual version – English/Portuguese)

  

  

  Countries with which CVM has agreements for information exchange
• B3's Operational Regulation – Update
  

  B3's Regulation