This Thursday, the Central Bank released draft rules on foreign capital in Brazil, foreign credit operations and direct investment, resulting from a public consultation carried out between June and September of this year.
The minutes will be evaluated and deliberated by the monetary authority on December 31, when the new foreign exchange law comes into force.
Among the main changes in relation to the original public consultation, the BC said that there was improvement in the definition of external credit and improvement in the definition of foreign direct investment.
There was also a change in the concept of “receiving person” to “recipient”, allowing for greater coverage.
The drafts also include rules already proposed in the consultation, such as simpler and more concise rules and limitations on operations that require the provision of information to the BC.
According to the monetary authority, the proposed norms “provide increased efficiency for the market and facilitation of foreign investments in the country”, which will be carried out with less bureaucracy and greater adherence to international standards.
The autarchy said that it opted for staggering the implementation of the changes resulting from the public consultation.
“Thus, in addition to the original normative proposal, a draft of the transitory provisions is also being disclosed, which enables a more adequate transition from the current rules to the future regulation”, he said.
(By Bernardo Caram)
Source: CNN Brasil
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