Brazil: Bill on systemic relevance in digital markets and creation of the Superintendence of Digital Markets (PL 4675/2025) including merger control regulation was introduced in Chamber of Deputies

On 17 September 2025, the Bill on systemic relevance in digital markets and creation of the Superintendence of Digital Markets (PL 4675/2025) was introduced in the Chamber of Deputies. The Bill obliges undertakings designated as of systemic relevance to notify all merger operations to the Administrative Council for Economic Defence (CADE), regardless of turnover thresholds. This requirement applies even when the operations do not meet the criteria otherwise established in competition law, ensuring that CADE reviews all concentration acts involving systemic undertakings.