Brazil: New registration requirements for non-resident investors




Clearstream Banking1 customers are required to use the new investor form template in order to request the opening of a passenger account, for investment in Brazil.

This new template adds new categories of investors, such as Trusts or other fiduciary vehicles and companies incorporated with bearer securities.


The Brazilian Securities and Exchange Commission (Comissáo de Valores Mobiliários – CVM) released on 30 March 2015 instruction 560 (replacing instruction 325), related to registration, permitted transactions and the disclosure of information of non-resident investors in Brazil. The instruction was updated in accordance with the CMN (Conselho Monetário Nacional) Resolution 4.373 issued in September 2014, substituting the CMN Resolution 2.689.

Should you require further information regarding changes of regulations in Brazil, please refer to the Brazilian Securities and Exchange website.

Further information

The Creation Link Guide - Brazil will be updated with the above information in due course and will provide all requirements to access the Brazilian market.

For further information, customers may contact Client Services or their Relationship Officer.
1. Clearstream Banking refers collectively to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500, and Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248.