Brazil CVM grants FIDCs access to central bank credit data, mandates reporting

Brazil's securities regulator (CVM) Resolution 247, published Oct 5, grants credit rights investment funds (FIDCs) access to the central bank's Credit Information System (SCR), improving debtor risk assessment before credit acquisition. The rule also mandates FIDCs and securitization companies to report operations to the system, increasing transparency and regulatory oversight. This is a regulatory shift that could enhance credit market efficiency and data-driven decision-making in Brazil's securitization sector.