27 March 2020 – Relaxed ownership rules for credit fintech companies

Intervention Categories: Finance policy and financial aid; Monetary and macro-financial policy
Level of Jurisdiction: National

Overview: The Banco Central Do Brasil changed rules so that credit fintechs’ corporate control may now be conducted indirectly by “private equity funds”, through a legal person resident in Brazil, whose specific corporate purpose is to hold financial institutions’ shares.
Full details here: https://www.bcb.gov.br/en/pressdetail/2323/nota