Resolution 4,948 of the National Monetary Council brings changes to financial institutions and legal and physical entities that contract derivative transactions with a foreign contraparta.
Resolution to be published by CVM can increase the offer of financial products aimed at the low carbon economy and impact businesses.
Created by Law No. 14,130, Investment Funds in Agroindustrial Production Chains provides for tax benefits for investors, such as exemption from withholding income tax.
Proposals under analysis contribute to the adoption of more responsible environmental, social and governance practices in the financial market, both in the granting of credit and in the channeling of investments.
The reporting is mandatory to companies with direct participation of non-residents in its capital stock, in any amount, among other entities.
The reporting is mandatory to those legal entities when, on December 31, 2020, they had a net worth equivalent to or above USD 100 million and, simultaneously, any direct ownership held by non-resident investors in their capital stock, regardless of the amount.