The Brazil Securities Commission (CVM) issued rules expanding the submission and use of credit operation data through the Central Bank of Brazil’s Credit Information System (SCR). The measure, which implements a cooperation agreement between the two authorities, covers securitization companies and credit rights investment funds (FIDCs) and takes effect on Nov. 1, 2026. Securitization companies must report their credit operations to the SCR monthly and will have 12 months to adapt. For FIDCs, the rules systematize the existing reporting obligations of administrators, who receive no additional adaptation period, and allow fund managers to consult SCR data when assessing borrowers’ indebtedness and credit risk.
Brazil Securities Commission expands credit reporting and data access for securitization companies and FIDCs
The Brazil Securities Commission will require securitization companies to report credit operations monthly to the Central Bank of Brazil’s Credit Information System. The rules also refine existing FIDC administrator reporting and allow FIDC managers to consult system data for credit risk assessments. They take effect on Nov. 1, 2026, with a 12-month adaptation period only for securitization companies.