BRD is authorized by CNVM by Decision no. 255/06.08.2008 to perform the following operations on the capital market:

1. Main services (investment services and activities):

a) receiving and transmitting orders on one or several financial instruments ; b) executing orders for the account of the customers; c) trading financial instruments for its own account; d) managing portfolios, including the investor's individual accounts portfolios, on a discretionary basis, in compliance with the mandate given by such investors, when the portfolios include one or several financial instruments; e) investment advice; f) subscription of financial instruments and/or placement of financial instruments based on a firm commitment; g) placement of financial instruments without a firm commitment.

2. Ancillary services:

a) safekeeping and managing the financial instruments for the account of the customers, including custody and related services, such as management of funds or guarantees; b) extending loans to an investor to allow them to perform transactions with one or several financial instruments, where the financial investment services company is involved in the transaction; c) advice to the entity with respect to the capital structure, industrial strategy and related aspects, as well as consultancy and services on mergers and acquisitions of entities; d) foreign exchange services related to the investment services delivered; e) advice on financial services, meaning research for investments and financial analysis under any form of general recommendation concerning the transactions with financial instruments; f) services connected to the subscription of financial instruments based on a firm commitment; g) investment services and activities, as well as related services such as those specified under points 1 and 2 letters a) - f), regarding the underlying asset of the following derivative instruments, where they are connected with the provisions on the main and ancillary services: g.1) options, futures contracts, swaps, interest rate forward contracts and any other derived contracts regarding merchandise to be settled in cash or that may be settled in cash on request by one of the parties (otherwise than in case of default or of another reason for termination) and any other derived contracts regarding merchandise to be settled in cash or that may be settled in cash on request by one of the parties (otherwise than in case of default or of another reason for termination); g.2) options, futures contracts, swaps and any other derived contracts regarding merchandise and that may be settled in kind, provided they are traded on a regulated market and/or within an alternative trading system; g.3) options, futures contracts, swaps, forward contracts and any other derived contracts regarding merchandise, which may be settled in kind, not classified under point g.2) and not having any commercial purposes, having the features of other derivative financial instruments, taking into account, inter alia, whether they are offset and settled through acknowledged clearing houses or they are regularly subject to margin calls; g.4) options, futures contracts, swaps, interest rate forward contracts and any other derived contracts regarding climatic variables, freights, approvals for substance emissions or inflation rates or other official economic ratios, which must be settled in cash or may be settled in cash upon request of one of the parties (otherwise than in case of default or of another reason for termination), as well as any other derived contracts connected to assets, rights, obligations, financial indexes and indicators, not previously classified herein, having the features of other derived financial instruments, taking into consideration, inter alia, whether they are traded on a regulated market or within an alternative trading system, whether they are offset and settled through acknowledged clearing houses or they are regularly subject to margin calls.