Tag Archive: Brazil

BRAZIL: The Central Bank of Brazil publishes rules on the operation of the Regulatory Sandbox

December 2020 – Brazil – Rossetti Advogados The Central Bank of Brazil and the National Monetary Council published, on October 26, 2020, Central Bank (BC) Resolution No. 29 and National Monetary Council (CMN) Resolution No. 4.865, to establish rules relating to the conduction of experiments in a Controlled Environment, named regulatory Sandbox, in which authorized companies may test, under certain conditions, projects that

BRAZIL: The General Data Protection Law takes effect – changes and effects of the law

October 2020 – Brazil – Rossetti Advogados Law No. 14.058/20 was sanctioned last September 18, 2020. It resulted from the conversion of Provisional Measure No. 959, dated April 29, 2020, which regulated the general part of obligations of the General Data Protection Law – Law No. 13.709/18(“LGPD”). Thus, the legal framework governing the use, protection and transfer of personal data

BRAZIL: Open Banking Implementation in Brazil

June 2020 – Brazil – Rossetti Advogados The Central Bank of Brazil (“Bacen”) and the National Monetary Council (“CMN”) jointly enacted Joint Resolution No. 01, of May 4, 2020 (“Joint Resolution”), setting forth the basic rules for implementation of the Open Financial System (“SFA”) or, as known, the “Open Banking” model in the National Financial System.  The