1.0Chenut Advogadoshttps://chenut.onlineAdministradorhttps://chenut.online/author/administrador/(English) Foreign investments in portfolio and programs of “Depositary Receipsts” under the guidance of the new rules brought by resolution nº 4.373/2014 Of The National Monetary council (CMN) published by the Central Bank of Brazil (BACEN) - Chenut Advogadosrich600338<blockquote class="wp-embedded-content" data-secret="CjIRyhP4gb"><a href="https://chenut.online/english-foreign-investments-in-portfolio-and-programs-of-depositary-receipsts-under-the-guidance-of-the-new-rules-brought-by-resolution-no-4-3732014-of-the-national-monetary-counc/">(English) Foreign investments in portfolio and programs of “Depositary Receipsts” under the guidance of the new rules brought by resolution nº 4.373/2014 Of The National Monetary council (CMN) published by the Central Bank of Brazil (BACEN)</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://chenut.online/english-foreign-investments-in-portfolio-and-programs-of-depositary-receipsts-under-the-guidance-of-the-new-rules-brought-by-resolution-no-4-3732014-of-the-national-monetary-counc/embed/#?secret=CjIRyhP4gb" width="600" height="338" title="“(English) Foreign investments in portfolio and programs of “Depositary Receipsts” under the guidance of the new rules brought by resolution nº 4.373/2014 Of The National Monetary council (CMN) published by the Central Bank of Brazil (BACEN)” — Chenut Advogados" data-secret="CjIRyhP4gb" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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[:en]Resolution nº 4.373 of 29 September 2014 (Resolution Nº 4.373/2014) edited by the National Monetary Council (CMN), and made public by the Central Bank of Brazil (BACEN), applies to investments in case of non-Brazilian residents in financial markets and to the capital market in Brazil, as well as to the financial transfers from Brazil to a foreign country, in foreign or Brazilian currency. The referred Resolution improves and updates the rules applicable to the foreign investments in the Brazilian market and to the Depositary Receipts mechanism, aiming to minimize the costs. Also, it increases the legal certainty of investments by simplifying procedures clarifying given to the rules on foreign investment in the country. The Resolution Nº. 4,373/2014 amended several provisions relating to non-resident investors regarding applications in the financial and capital markets. Among such alterations, we highlight the previous rule which provided that the resources held by such investors – account holders with domestic currency resources in banks in Brazil -could only be applied to savings deposits or time deposits in the same depositary bank account by a foreign exchange contract, in which the values to be invested should be remitted abroad and simultaneously re-enter Brazilian territory. Positively, the new rule makes [...]Chenut Advogados
Chenut Advogados
