Brazil's Securities and Exchange Commission (CVM) has issued Resolution CVM 247 to regulate how credit transaction data is submitted to and accessed within the Credit Information System (SCR), which is managed by the Central Bank of Brazil (BCB).
New Reporting Obligations and Access Rights
Issued on 5 October 2026, Resolution CVM 247 amends Resolution CVM 60 and Normative Annex II of Resolution CVM 175. The regulatory changes stem from a Technical Cooperation Agreement signed between CVM and BCB to strengthen joint oversight and improve the supervision of financial and capital markets. CVM President Otto Lobo noted that the information-sharing initiative enhances the operational reach of both authorities.
The new framework establishes a monthly requirement for securitisation companies to report their credit transaction data to the SCR. For credit rights investment funds (FIDCs), the regulation refines existing reporting rules for administrators and permits fund managers to directly consult SCR records to assess borrower indebtedness and credit risk.
Adaptation Timeline and Regulatory Procedure
Securitisation companies have been granted a 12-month transition window to comply with the new reporting obligations. FIDC administrators, who are already sending information to the system, receive no additional adaptation period.
Resolution CVM 247 enters into force on 1 November 2026. CVM enacted the measure without prior Regulatory Impact Analysis (AIR) or public consultation, relying on provisions within Decree 10.411 that allow exemptions for measures executing inter-agency cooperation agreements intended to safeguard market integrity.
| Participant Type | Reporting & Access Requirements | Adaptation Period |
|---|---|---|
| Securitisation Companies | Submit monthly credit transaction data to SCR | 12 months |
| FIDC Administrators & Managers | Refined reporting for administrators; SCR data access granted to managers | No additional adaptation period |
Frequently Asked Questions
When does Resolution CVM 247 come into force?
Resolution CVM 247 comes into force on 1 November 2026.
What are the new rules for securitisation companies under Resolution CVM 247?
Securitisation companies must submit monthly details on their credit operations to the Credit Information System (SCR) and are provided with a 12-month adaptation period.
How does Resolution CVM 247 affect FIDC managers?
The resolution allows FIDC managers to consult data in the Credit Information System (SCR) to better evaluate debtor debt levels and credit risk.
