If you are a Non-resident who wants to invest in Brazilian markets, you need to understand the Securities and Exchange Commission of Brazil’s (CVM) rule 419. This was published in 2005 and establishes a framework for Brazilian brokerage houses and local custodians to identify Non-resident investors.
The material in English below supports communications between Brazilian institutions and foreign counterparts:
Guide for nonresident investors
Principal Brazilian legislation
Securities and Exchange Commission of Brazil
Brazilian federal laws and resolutions
Other regulation of interest to foreign investors
Search for participants in the markets that B3 operates and which can help investors and clients to execute their trades
B3's operational regulations – update:
Commodity Futures Trading Commission (CFTC)
On June 1, 2016, the U.S. Commodity Futures Trading Commission (CFTC) issued the B3 Order of Registration as a Foreign Board of Trade (FBOT), thereby allowing United States investors (U.S. Persons) to continue to access, through Direct Market Access and in accordance with their brokers’ specific permissions and accesses, certain products provided in the markets operated by B3. See the list of available products below:
Other B3 products are available to U.S. investors through methods provided by their brokers and in accordance with applicable law.
Class No-Action Relief
The list presents the products that fall under the SEC's Class No-Action Relief of July 1, 2013, for familiarization activity in the United States by Eligible Institutions and Broker-Dealers. The requirements for B3 participants to be in compliance with the terms of the SEC's "Class No-Action Relief" are detailed in the Circular Letter."