BRZ BSM Derivatives Loss Compensation

Published on: Jul 10, 2025

On Jul. 7, BRZ BSM reported expanded loss compensation mechanism.

  • BRZ BSM reported Loss Compensation Mechanism (MRP) expanded to organized over-the-counter (OTC) operations involving derivatives with central counterparty (CCP).
  • The new MRP regulation, published on July 1, 2025, will also contemplate the analysis of reimbursement requests related to OTC operations for derivatives with CCP.
  • Overview
  • Expands protection offered by MRP to investors, considering current market conditions.
  • With the changes, the mechanism now covers losses from failures in OTC operations for derivatives with CCP, provided that they are contracted as of Aug. 1, 2025.
  • This is in addition to operations in organized exchange markets and custody services.
  • The new regulation prioritizes agility and security of processes, using a more modern version of MRP Digital platform, now more intuitive, clear and up-to-date information.
  • Effectiveness
  • The MRP regulation is in force as of Aug. 1, 2025.
Regulators
BRZ BSM
Entity Types
B/D; Corp; Exch; OTC
Reference
PR, 7/7/2025
Functions
Compliance; Trade Reporting; Trading
Countries
Brazil
Category
State
N/A
Products
Clearing; Corporate; Custody; Derivatives; Equity; Fixed Income; Issuance/IPO; Securities
Rule Type
Final
Regions
Am
Rule Date
Jul 7, 2025
Effective Date
Aug 1, 2025
Rule ID
261790
Linked to
N/A
Reg. Last Update
Jul 7, 2025
Report Section
International