On Oct. 5, BRZ CVM introduced new obligations for securitization companies and FIDCs.
BRZ CVM issued Resolution CVM 247, amending rules re submission and access to credit information maintained in the BRZ CB Credit Information System (SCR).
Amends Resolution CVM 60/2021, and Annex II of Resolution CVM 175/2023, strengthening the framework for reporting and accessing credit data through SCR.
Credit Information Rules Update
Regulation implements a cooperation agreement between BRZ CVM and BRZ CB, strengthening supervisory coordination and market oversight.
Securitization companies must submit monthly credit operation information, register in Unicad, maintain quality controls, and protect confidentiality requirements.
Entities must notify clients regarding SCR reporting, retain consultation authorizations for 5 years, and follow applicable regulations.
Credit Rights Investment Fund (FIDC) administrators continue reporting obligations, while fund managers gain access to SCR information for credit risk assessment.
Resolution establishes penalties for reporting failures and provides a transition period for securitization companies to comply.
Enhanced information sharing aims to improve transparency, supervision, and efficiency across Brazil’s financial and capital markets ecosystem.
Effectiveness
Resolution 247 enters into force on Nov. 1, 2026; securitization companies registered with BRZ CVM must comply with new obligations on Oct. 31, 2027.
