Company: BBD
Filing Date: 2025-05-30
Form Type: 6-K
Source: 0001292814-25-002283
Chunk: 35

Company: BANK BRADESCO
Filing Date: 2025-05-30
Form: 6-K
Chunk 35
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 the voting capital, directly
or indirectly involving financial institutions must be submitted to the Central Bank of Brazil.

Through
CMN Resolution No. 4,970/21, as amended, the CMN set out and procedures for authorization related to the operations of financial institutions
and other entities authorized by the Central Bank of Brazil.

In short,
it includes institutions, in the scope of application of CMN Resolution No. 4,970/21, such as (i) development banks; (ii) foreign exchange
banks; (iii) development banks; (iv) investment banks; (v) multiple banks; (vi) foreign exchange brokers; (vii) securities and exchange
brokers and real estate agencies; (viii) securities and exchange distribution companies; and (ix) loan companies between private individuals.
In addition, on August 30, 2022, the Central Bank of Brazil issued Normative Instruction No. 299/22, as amended, which discloses procedures,
documents, terms and information necessary for the instruction of authorization requests related to the operation of the institutions
covered by CMN Resolution No. 4,970/21.

Through Resolution No. 5,050/22, as amended, CMN regulated credit fintechs, providing for the establishment and operation of the Direct Loan Companies (SCD) and Interpersonal Loan Companies (SEP), regulating loans and financing between people using electronic platforms. In summary, SCD and SEP have to be constituted in the form of joint stock companies and may meet less stringent criteria than those of other financial institutions to obtain authorization. However, the SCD can only perform loans and financing using their own resourcesor by obtaining
resources in repo operations and loans originating from the BNDES, while the SEP cannot make use of operations with its own resources, acting as an intermediary between creditors and debtors, and providing other services established in the Resolution.

In 2019,
the CMN created rules for the Credit Society for Microentrepreneurs and Small Business (SCMEPP), through Resolution No. 4,721/19, as amended,
which provides for the constitution, authorization for operation, corporate restructuring and cancellation of authorization for operation.
The SCMEPP has the role of granting funding to individuals, microenterprises and small businesses based on the viability of their projects.
The SCMEPP cannot raise money from the public, nor can it issue bonds and securities to place bids and public offerings.

In these
circumstances, the fintechs