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

On 08 November, the ANPD has approved its Regulatory Agenda to years 2023-2024, defining the priorities and schedule of the Authority’s action in the period, granting greater transparency and publicity to the regulatory process on personal data matters. In its Regulatory Agenda, the Authority has divided its operation into four

New provisions have been included in the Brazilian Federal Law No. 12,529/2011, related to antitrust infractions, such as cartels and unilateral conducts that may harm competition. The amendments were made through the Federal Law No. 14,470/2022 and refer to the time-bar and private enforcement of antitrust infractions. Despite the fact that the

On November 16, 2022, the Brazilian Central Bank (“BCB”) issued Resolution No. 257 (“BCB Resolution 257”), which amended Resolution No. 80/2021 (“BCB Resolution 80”), to extend the timeline for the request for authorization for payment institutions to begin providing payment services as electronic currency issuers that were incorporated and in

Today, the ANPD’s board of directors approved the Authority’s Monitoring Procedure’s and Sanctioning Administrative Procedure’s – SAP’s Regulations, providing rules and procedures that will be applicable to the ANPD’s monitoring and sanctioning administrative procedures. The Regulation provided that Brazilian Federal Administrative Procedure’s Law – Law no. 9,784/1999 will have subsidiary

The theme of cryptoassets is gaining more and more relevance at the global scenario each passing day, with discussions regarding its complex regulation evolving and becoming more technical and detailed. Brazil is not an exception in this context, being considered as the top cryptocoin market in Latin America and seventh