On Feb. 11, BVMF updated access manual on requirements by IPCA.
BVMF issued Circular Letter 008/2025-PRE to update the Access Manual re economic and financial requirements by the Extended National Consumer Price Index (IPCA).
Highlights
BVMF adjusted free liquid asset (FLA), net equity value (NEV) minimum obligations.
Required by BVMF from full trading and settlement participants, clearing members, custody agents, agribusiness depositaries, gold depositories and gold refiners.
Following sections 2.1.3, 2.3.3, 2.4.3, 2.5.3, 2.5.4, 3.4.3, 3.5.3, 3.6.2 of the Manual.
Economic and financial minimums are adjusted by the 4.83% accumulated IPCA rate.
Effectiveness
Changes to the access manual are contained in Annex I for effect on Jul. 1, 2025.
