From MarketWatch By Robert Powell December 14, 2013 Larry Kotlikoff, a professor at Boston University...
Resolution 3567 (on microcredit societies)
(enacted in 2008)
Resolution 3567 of 2008, issued by the Central Bank of Brazil, pertains to microcredit societies. This circular pertains to registration of microcredit societies (SCMs) as proprietary companies (companhia fechada) or limited liability companies (sociedade por quotas de responsabilidade limitada).
This resolution is in Portuguese. An English translation is unavailable.