Rules - Foreigners Identification

On May 3, 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.

BOVESPA and CBLC have released a set of materials in English to support the communication of Brazilian institutions with foreign counterparts.

1. Explanatory Note on the Rule 419
   
   
2. Brazilian Legislation instruments regarding this issue:
   
   
   • Relevant Brazilian Legislation
     • Brazilian Securities Commission
       • Rule 419
       • Rule 387
       • Rule 325
       • Rule 301
     
     
     • Brazilian Federal Laws and Resolutions
       • Law 6385
       • Law 9613
       • Monetary Council Resolution - 2689



3. 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)



4. Countries with which CVM has agreements for information exchange.
   
   
5. ID/Registration Suggestion (Portuguese only)
   
   
6. BOVESPA and CBLC's Operational Regulations – Updates:
   
   
   • BOVESPA's Regulation
   • CBLC's Regulation (Portuguese only)

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