Regulatory Alerts2020-06-25 | Resolução CMN 4835Central Bank Resolution CMN No. 4835 - Instituting New Weighting Factors for Pronaf Operating Credit Operations Backed by Cash Resources
The Central Bank of Brazil, via Resolution CMN No. 4835, amends the Rural Credit Manual to establish new weighting factors for calculating compliance with Pronaf sub-requirements for operating credit operations contracted from July 1, 2020. The regulation introduces specific multipliers of 1.24 and 1.11 for different operational categories and prohibits the inclusion of credit balances written off as losses or extinguished through renegotiation in compliance calculations. Additionally, the resolution updates mandatory resource definitions, verification timelines, and revokes several outdated provisions within the manual.
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