BCB Instruction No. 288 — Revokes regulations related to Central Bank Rediscount and the Temporary Special Liquidity Line

BCB INSTRUCTION NO. 288, OF JULY 27, 2022

Revokes regulations related to Central Bank Rediscount and the Temporary Special Liquidity Line.

The Head of the Department of Banking Operations and Payment Systems (Deban), using the attribution conferred upon him by Art. 23, item I, letter “a”, of the Internal Regulations of the Central Bank of Brazil, annexed to Ordinance No. 84,287, of February 27, 2015,

R E S O L V E S:

Art. 1st The following are revoked:

I - Circular Letter No. 3,009, of April 19, 2002; and

II - Circular Letter No. 4,019, of April 6, 2020.

Art. 2nd This Instruction enters into force on September 1, 2022.

Rogério Antônio Lucca

INFORMATION NOTE

Decree No. 10,139, of November 28, 2019, determines the review and consolidation of the regulatory asset of the organs and entities of the direct, autarchical, and foundational federal public administration, encompassing the normative acts issued within the scope of their respective competencies. This measure aims to review, update, simplify, and consolidate normative acts, in order to rationalize the regulatory stock.

2. Among the actions listed in the aforementioned Decree, the explicit revocation of norms that no longer possess efficacy stands out, either because they have already been tacitly revoked by subsequent norms or whose effects have already expired over time, having therefore exhausted their effects.

3. In this context, based on the provisions of Article 8, items I, II, and III, of Decree No. 10,139, of 2019, I propose the explicit revocation of the Circular Letters of the Central Bank of Brazil already tacitly revoked or whose effects have expired over time.

Rogério Antônio Lucca
Head of the Department of Banking Operations and Payment Systems