Brazil’s central bank proposes regulating the distribution of financial products
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On October 23, 2026, Brazil’s central bank proposed a joint resolution on the distribution of fundraising products by financial institutions and launched a public consultation. The draft requires financial institutions to prioritize customers’ best interests when distributing products, and proposes strengthening the matching of products with customers’ risk profiles, transparency of distribution compensation, and conflicts-of-interest management, while restricting practices such as minimum sales targets. In response to the power imbalance between issuing institutions and distributing institutions, the draft also proposes banning unfair or anticompetitive practices such as exclusive contracts. In addition, institutions must provide the central bank with data on distribution volumes, compensation, and issuance information, among other things. The proposal is currently at the public consultation stage.
AI-written from reports · updated 2 hours ago
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- Banco Central do Brasil — NotíciasBrazil’s central bank proposes rules on distribution transparency and customer protection for fundraising products
On October 23, Brazil’s central bank proposed a joint resolution on financial institutions’ distribution of fundraising products and launched a public consultation, requiring institutions to prioritize customers’ best interests. The draft aims to strengthen the matching of products to customers’ risk profiles, transparency around distribution compensation, and conflict-of-interest management, while restricting practices such as minimum sales targets. To address the power imbalance between issuers and distributors, the draft also proposes banning unfair or anticompetitive practices such as exclusivity agreements, and requires institutions to provide Brazil’s central bank with data on distribution volumes, compensation, and issuance information.
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