To expand access to the capital market in Brazil, the Brazilian Securities and Exchange Comission (CVM) started to allow investors with assets of up to BRL 30,000.00 to have differentiated and facilitated access to the capital market.
The so-called “Cadastro de Acesso” (or Access Registration) was instituted by Resolution 225, which will enter into force on March 3, 2025.
The Resolution enables the simplified registration of these investors, considered “retail investors”, with little information for intermediaries to meet the requirements of CVM Resolution n. 50/2021 and be able to start carrying out operations in the Brazilian capital market with funds from these investors. Every investor linked to the Cadastro de Acesso will be framed in a conservative profile, having access to limited investments.
Brazilian Intermediaries interested in using the Cadastro de Acesso must qualify before the market entity to which they are linked and must prove to have the appropriate systems and controls to meet the requirements of CVM Resolution n. 50/2021 on mandatory control of illicit practices, such as the prevention of money laundering, for example.
This register is experimental and will undergo a 5-year analysis period before being confirmed by the CVM. Even so, the Resolution is an advance by CVM, in the sense of democratizing the market, but maintaining the necessary legal certainty for the market and investors.
