2024-08-22 | Resolução Conjunta 11The Securities and Exchange Commission (CVM) and the Central Bank of Brazil issued Joint Resolution No. 11 to formally revoke the Joint Decision No. 13 of March 14, 2003. This revocation eliminates the previous regulatory framework that governed the remuneration conditions for publicly distributed debentures and real estate receivables certificates. The new resolution establishes its effective date as September 1, 2024, following approvals by the respective governing bodies of both institutions.
Resolution No. 222
JOINT RESOLUTION NO. 11, OF AUGUST 22, 2024
Revokes Joint Decision No. 13, of March 14, 2003, of the Central Bank of Brazil and the Securities and Exchange Commission, which provides for the remuneration conditions of publicly distributed debentures and real estate receivables certificates.
The Securities and Exchange Commission and the Central Bank of Brazil make public that the Collegiate Board of the Central Bank of Brazil, in a session held on August 7, 2024, the Monetary National Council, in a session held on August 22, 2024, and the Collegiate of the Securities and Exchange Commission, in a session held on June 18, 2024, based on art. 11 of Law No. 8,177, of March 1, 1991, in arts. 8 and 9 of Law No. 8,660, of May 28, 1993, in art. 41 of Law No. 9,514, of November 20, 1997, and in view of art. 8, main text, item I, of Law No. 6,385, of December 7, 1976, art. 54 of Law No. 6,404, of December 15, 1976, art. 22, main text, item VI, of Law No. 14,430, of August 3, 2022, Resolutions No. 2,613, of June 30, 1999, and No. 2,646, of September 22, 1999, and Circular No. 2,905, of June 30, 1999,
RESOLVED:
Art. 1. Joint Decision No. 13, of March 14, 2003, published in the Official Gazette of the Union on March 18, 2003, is hereby revoked.
Art. 2. This Joint Resolution enters into force on September 1, 2024.
JOÃO PEDRO BARROSO DO NASCIMENTO President of the Securities and Exchange Commission
OTÁVIO RIBEIRO DAMASO Acting President of the Central Bank of Brazil