On February 14, 2023, the Brazilian Securities Commission (“CVM”) issued CVM Resolution 178 and CVM Resolution 179, which established the new regulatory framework for investment advisors in Brazil. CVM Resolution 178, which regulates the activities of investment advisors and by revoked CVM Resolution 16/2021, and CVM Resolution 179, which amends

In January 2023, the Brazilian Federal Supreme Court (STF) included the Direct Unconstitutionality Action – ADI No. 5090 on the trial agenda for 20/04/2023. The object of the action refers to the possibility of replacing the Referencial Rate (TR) with the Consumer Price Index (IPCA) as the index for monetary

On February 15, 2023, began the period for completing and submitting the annual Brazilian Capitals Abroad Statement (“DCBE”) to the Brazilian Central Bank (“BCB”), referring to the base date of December 31, 2022. Individuals or legal entities residing, domiciled, or headquartered in Brazil that hold assets (goods, rights and values)

On January 17, 2023, the Brazilian Intellectual Property’s National Institute – “INPI”, a federal agency responsible for the intellectual property assets’ regulation, inspection and registration in Brazil – published the 6th revision to its Trademark Manual, which concentrates the procedural rules on the subject. In relation to the previous edition,

On December 23, 2022, the National Department of Business Registration and Integration (“DREI”), the technical body responsible for the public business entities registry in Brazil, issued the Normative Instruction No. 88/2022 (“IN DREI 88”), which promoted significant changes in the business filing rules and guidelines in Brazil. Among the rules

On 21 December 2022, the Brazilian President sanctioned Law n. 14.478/2022, also known as the Brazilian Cryptoassets’ Legal Framework, ruling on the theme of cryptoassets in the Brazilian landscape. The Legal Framework has established its own definition of cryptoassets included in its scope and of cryptoexchanges, labeled as providers of

The procedures for applying for a registration of an investment fund in Brazil have been simplified as from 12 December 2022. A joint initiative of the Brazilian Securities and Exchange Commission (“CVM”) and the Brazilian Federal Revenue Office (RFB) brought the procedures for registration of an investment fund closer to

On November 25, 2022, the National Department of Business Registration and Integration (“DREI”), the technical body responsible for the public registration of companies in Brazil, issued Circular Letter SEI No. 4742/2022/ME, which guides the Boards of Trade to adopt the understanding that makes it optional to publish the financial statements