Brazil CMN Resolution 5.343 Overhauls FIDC Rules for Judicial Credit Rights

Brazil's National Monetary Council (CMN) issued Resolution 5.343, materially altering the regulatory framework for FIDCs that acquire credit rights from judicial and arbitral proceedings. The change affects fund structuring and risk assessment, potentially impacting the secondary market for distressed assets. Details are limited as the full text is subscriber-only, but the regulatory shift signals a tightening or clarification of rules in a niche but growing segment.