New Investor (Onboarding Program)
This policy is effective will remain in effect until December 31, 2026
Purpose
B3 presents the Onboarding Incentive Program, an exclusive opportunity for investors wishing to trade on B3, the largest stock exchange in Latin America. The Program was developed with the purpose of encouraging your success by offering several unique benefits.
By participating in B3’s Onboarding Incentive Program, you will have access to a franchise expressed in Brazilian Reais, that can be used as discounts on trading and post-trade fees for specific products.
Adhesion
To join the Onboarding Incentive Program, investors must sign the Instrument of Agreement available.
The Firm’s Instrument of Agreement must be submitted to B3 by a trading participant (PN) or full trading participant (PNP), which will be responsible for verifying the firm’s powers of representation by filing a request with B3’s Service Portal at “New Investor (Onboarding Program)”, which can be accessed at atendimento.b3.com.br/programadeincentivor
B3 will analyze the request to join the Onboarding Incentive Program, and once compliance with all of the requirements has been confirmed, it will inform the requesting PNP, PL or PN of the Investor’s approval by email and/or automatic message.
Further information about registration and the Program can be found in the following Circular Letter
Non-Resident -The registration for instrument can be found in the Instrument of Agreement for Non-Resident
Resident -The registration for instrument can be found in the Instrument of Agreement for Resident
Eligibility
All Investors are eligible to be participants in this Onboarding Incentive Program if they:
- are legal entities resident in Brazil, non-resident investors, or local funds whose economic activities registered in Sincad are: 203.00, 501.00, 505.01 and 501.03;
- trade in accordance with National Monetary Council rules;
- trade through individual accounts or through collective accounts, in the case of non-resident investors;
- have neither traded in nor held any open positions in the markets operated by B3 in the 36 months prior to their inclusion in the Onboarding Incentive Program;
- are not part of a business group with and have no common management link with investors that do not comply with the eligibility requirement set forth in item (iv) above.
Timeframe
Investors can join the Onboarding Incentive Program by December 30, 2026. If it is extended, B3 will inform the market of the new timeframe.
Interested investors may formally join the Onboarding Incentive Program within 6 months of their first participation in a trading session.
Withdrawal
In the event that an institution chooses to withdraw from the Onboarding Incentive Program Cycle 2026 before the end of the full term, the firm must send an email to the designated RM from the international team.
Eligible Products
All listed products avaiable for trading on B3 are considered elegible¹ for the purposes of the Onboarding Program and can be consulted on B3’s website:
• Equities
¹Products linked to cross-listing contracts are subject to prior approval. For more information, please contact B3’s customer service center.The products listed below are considered Eligible Products for the purposes of the Onboarding Incentive Program, whose interest must be stated by the Investor in the Instrument of Agreement.
Incentives
Investors will be granted the incentives until the full consumption of the incentive amount or for up to 12 months from the date of the Investor’s registration in the Onboarding Program, whichever occurs first. B3 will formally specify the date of the Investor’s inclusion in the Onboarding Program.
Each Investor will be entitled to exemptions on fees arising from trades in listed products within the limit of their respective allowance and, upon request, may have the corresponding amount deducted from their B3 Market Data invoices, limited to 20% of the total allowance, as described below.
The amount of fee exemptions granted as incentives will be represented by an allowance expressed in Brazilian Reais, according to the criteria specified in the table below
| Access Model | Allowance in Brazilian Reais (BRL) | |
|---|---|---|
| Model 1 | Investor who trades listed products on B3 and sends trading orders from outside B3’s colocation environment, using their own systems, those of a brokerage house, or a provider. | 250,000.00 |
| Model 2 |
Investor who trades listed products on B3 and:
|
500,000.00 |
| Model 3 |
Investor who trades listed products on B3 and:
|
750,000.00 |
| Model 4 |
Investor who trades listed products on B3 and:
|
1,000,000.00 |
Calculation and Fee Policy
B3 will calculate the allowance consumption on a daily basis. While there is a remaining balance to be used, and until the Investor’s link to the Onboarding Incentive Program expires, Investors will be exempt from all fees and charges on eligible listed products traded from the moment of admission to the Onboarding Incentive Program until the end of their link.
Upon completion of the 12-month timeframe for using the incentive or when the total allowance has been consumed, whichever occurs first, B3 will adjust its systems and then resume charging to the Investor’s accounts all fees and charges applicable to each transaction executed, in accordance with the fee policy in force.
In the event of failure to comply, concealment, or omission of the requirements for the Onboarding Incentive Program, as set forth in item 1, the amounts consumed by the Investor during the validity of the Onboarding Incentive Program will be billed retroactively.