Central Bank Resolution CMN No. 5314 - Adjusts Norms Applicable to Definitions of Resource Sources and Extensions of Rural Credit Operations

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 a session held on June 25, 2026, having regard to the provisions of Article 4, caput, items VI and VIII, of the aforementioned Law and Articles 4 and 21 of Law No. 4,829 of November 5, 1965,

R E S O L V E D:

Art. 1º Section 6 (Reimbursement) of Chapter 2 (Basic Conditions) of the Rural Credit Manual – MCR shall enter into force with the following alterations:

“4 - The financial institution is authorized, at its convenience and decision, upon request by the borrower, to extend the debt related to the rural credit operation, under the same financial charges agreed upon in the credit instrument, provided that the borrower proves temporary difficulty in reimbursing the credit due to one or more of the situations below and that the financial institution attests to the need for extension and demonstrates the borrower's payment capacity:

......................................................” (NR)

“7 - .......................................................

a) the operation is reclassified as a source of uncontrolled resources;

......................................................” (NR)

Art. 2º Section 9 (Social, Environmental, and Climatic Impediments) of Chapter 2 of the MCR shall enter into force with the following alterations:

“16 - It is prohibited, in operations with directed and controlled resources, as referred to in MCR 6-1-1-“a”-I and MCR 6-1-1-“b”-I respectively, to grant financing for an enterprise whose project or budget foresees the suppression of native vegetation.” (NR)

Art. 3º Section 2 (Working Capital Credits) of Chapter 3 (Operations) of the MCR shall enter into force with the following alterations:

“5 - .......................................................

............................................................

b) with resources raised through the issuance of Letters of Credit of the Agribusiness Sector, provided they are applied in operations with uncontrolled resources, as governed by MCR 6-3.” (NR)

Art. 4º Section 1 (General Provisions) of Chapter 6 (Resources) of the MCR shall enter into force with the following alterations:

“1 - The sources of rural credit resources are classified as follows:

a) regarding origin:

I - directed: resources for which there is legal and regulatory provision establishing their application in rural credit; or

II - free: resources from raises not subject to direction, or own resources of the financial institution applied in rural credit; and

b) regarding conditions of financial charges, repayment term, and credit limit:

I - controlled: conditions fixed by the National Monetary Council – CMN or by specific regulation of another regulatory body; or

II - uncontrolled: conditions agreed upon between the beneficiary and the financial institution.” (NR)

“2-A - The exigibilities of rural credit are the directions of resources from the raises of financial institutions that, in case of non-application in rural credit, are subject to:

a) the payment of financial cost, as regulated by MCR 6-5; and

b) evaluation regarding the appropriateness of initiating an administrative sanctioning process against the financial institution and its directors, as regulated by Article 49 of Law No. 13,506 of November 13, 2017.” (NR)

“5 - .......................................................

a) to specify, in the credit instrument, the source of resources used in the financing, according to the classification of item 1, letter “b” (controlled or uncontrolled), registering, if applicable, the name of the specific fund, program, or line; and

......................................................” (NR)

Art. 5º Section 2 (Mandatory) of Chapter 6 of the MCR shall enter into force with the following alterations:

“16 - Operations contracted with the resources referred to in this Section are subject to the conditions applicable to controlled rural credit resources.” (NR)

Art. 6º Section 3 (Free) of Chapter 6 of the MCR shall be renamed “Uncontrolled Resources”.

Art. 7º Section 3 of Chapter 6 of the MCR shall enter into force with the following alterations:

“1 - The object of this Section constitutes rural credit operations carried out with the use of uncontrolled resources, as governed by MCR 6-1-1-“b”-II.” (NR)

“3 - Credits granted with uncontrolled resources may have as their object working capital, investment, marketing, or industrialization operations, involving any products of plant or animal origin, including those obtained in extractive activities.” (NR)

“4 - Credits granted with uncontrolled resources may also be destined to the financing of:

...................................................................” (NR)

“5-A - The provisions of MCR 2-10 apply to operations with uncontrolled resources governed by this Section.” (NR)

“6 - In carrying out rural credit operations with uncontrolled resources, the conditions and procedures to be observed by the financial institution and the contractual conditions agreed upon with beneficiaries are subject to the norms of the Rural Credit Manual – MCR only regarding the provisions of this Section.” (NR)

Art. 8º Section 4 (Rural Savings) of Chapter 6 of the MCR shall enter into force with the following alterations:

“13 - Operations contracted with the resources referred to in this Section are subject to the provisions of MCR 6-3, except when they are operations subject to Union subsidy, in the form of financial charge equalization, in which case the conditions applicable to controlled resources must be observed.” (NR)

Art. 9º Section 7 (Letter of Credit of the Agribusiness Sector – LCA) of Chapter 6 of the MCR shall enter into force with the following alterations:

“7-A - Operations contracted with the resources referred to in this Section are subject to the provisions of MCR 6-3, except when they are operations subject to Union subsidy, in the form of financial charge equalization, in which case the conditions applicable to controlled resources must be observed.” (NR)

Art. 10. The following are revoked:

I - items 2 and 3 of Section 1 of Chapter 6 of the MCR; and

II - letters “a” and “b” of item 7-A of Section 7 of Chapter 6 of the MCR.

Art. 11. This Resolution enters into force on July 1, 2026.

GABRIEL MURICCA GALÍPOLO President of the Central Bank of Brazil