CBF introduces model of financial fair play with gradual implementation from 2026

Financial statements must be submitted by April 30, with mandatory audit registered at the Securities and Exchange Commission (CVM) and publication on the club’s website. Budgets must be submitted by September 15. The SSF also prohibits controlling or exerting ‘significant influence’ over more than one club in the same CBF competition. Serie C clubs will undergo simplified monitoring, with requirements for audited statements and solvency criteria (monitoring of overdue debts). The Governance of SSF will establish the National Agency for Football Regulation and Sustainability (ANRESF), an independent body responsible for monitoring, overseeing, judging, and sanctioning the SSF. ANRESF will consist of seven directors, with four-year terms, who must have a significant knowledge of economics, finance, or law to be part of the agency.