Brazil:
Brazil's National Monetary Council Issues Resolution Regulating Credit Financial Technologies
05 July 2018
by
Daniel J. McLoon
,
Mauricio Paez
,
Richard Johnson
,
Jonathon Little
,
Todd McClelland
,
Jeff Rabkin
,
Lisa M. Ropple
,
Adam Salter
,
Michiru Takahashi
,
Undine Von Diemar
,
Olivier Haas
,
Jörg Hladjk
and
Anand Varadarajan
Jones Day
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On April 26, 2018, Brazil's National Monetary Council issued Resolution 4,656, regulating credit
financial technologies (source document in Portuguese). Under the
Resolution, direct credit companies and interpersonal loan
companies will be considered financial institutions and entitled to
conduct loan and financial operations through electronic platforms.
The Resolution also provides certain requirements for obtaining
authorization from the Central Bank of Brazil.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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