Regulatory Alerts2020-05-13 | Resolução CMN 4816CMN Resolution No. 4816 - Amends Resolution No. 4,802 of April 9, 2020
The National Monetary Council, through the Central Bank of Brazil, amended Resolution No. 4,802 to authorize the renegotiation of rural credit operations for family farming (Pronaf) and BNDES-backed investments that received financial charge equalization from the National Treasury. This authorization applies to operations contracted under these specific programs while maintaining the original source of funds, explicitly exempting them from certain monetary council resolutions and excluding PSI operations. The resolution simultaneously revokes Resolution No. 4,755 of October 15, 2019, and entered into force on the date of its publication.
The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595 of December 31, 1964, makes public that the National Monetary Council, in an extraordinary session held on May 13, 2020, considering the provisions of Article 4, item VI, of Law No. 4,595 of 1964, Articles 4, 14, and 21 of Law No. 4,829 of November 5, 1965, and Article 5 of Law No. 10,186 of February 12, 2001,
R E S O L V E D:
Article 1. Resolution No. 4,802 of April 9, 2020, shall be amended as follows:
“Article 1-A. The renegotiation of rural credit operations or installments for working capital and investment, contracted with financial charge equalization by the National Treasury within the scope of the National Program for Strengthening Family Agriculture (Pronaf) or under the protection of resources from the National Bank for Economic and Social Development (BNDES), is authorized, observing the criteria and conditions set forth in Article 1 and maintaining the original source of funds.
§ 1. For the purposes of the renegotiation provided for in this article, the provisions of MCR 10-1-24 and MCR 13-1-4 shall not apply.
§ 2. The rural credit operations referred to in item V of Article 1 and the rural credit operations contracted within the scope of the Investment Sustainability Program (PSI) may not be subject to the renegotiation provided for in this article.” (NR)
Article 2. Resolution No. 4,755 of October 15, 2019, is hereby revoked.
Article 3. This Resolution enters into force on the date of its publication.
Roberto de Oliveira Campos Neto President of the Central Bank of Brazil