BCB Normative Instruction No. 267 — Expressly Revokes Regulatory Acts Related to the Reciprocal Payments and Credits Agreement (CCR) Due to Loss of Object

BCB NORMATIVE INSTRUCTION NO. 267, OF MARCH 31, 2022

Expressly revokes regulatory acts related to the Reciprocal Payments and Credits Agreement (CCR), due to loss of object.

The Head of the Department of International Affairs (Derin), using the attribution conferred upon him by item “a” of item I of art. 23 of the Internal Regulations of the Central Bank of Brazil (BCB), annexed to Ordinance No. 108,150, of August 27, 2020, and in accordance with item I of art. 8 of Decree No. 10,139, of November 28, 2019, and item I of § 2 of art. 3 of Decree No. 10,411, of June 30, 2020,

R E S O L V E:

Art. 1 The following are revoked:

I - Circular Letter No. 3,427, of January 6, 2010;

II - Circular Letter No. 3,820, of May 17, 2017;

III - Circular Letter No. 3,868, of March 20, 2018.

Art. 2 This Normative Instruction enters into force on May 2, 2022.

Diogo Souza
Carmo Nogueira

Head of the Department of International Affairs, substitute

NOTE

Decree No. 10,139, of November 28, 2019, establishes the obligation for bodies and entities of the direct, autarchic, and foundational federal public administration to review and consolidate 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. Based on the cited decree, this BCB Normative Instruction (IN BCB) is being issued with the intent to revoke circular letters that have been implicitly repealed.

2. It is also worth highlighting that, by virtue of art. 24 of Decree No. 10,411, of June 30, 2020, the issuance of normative acts by bodies and entities of the direct, autarchic, and foundational federal public administration, from October 14, 2021, must be preceded by a Regulatory Impact Analysis (AIR). However, according to item IV of art. 4 of this Decree, this analysis is waived in the case of issuing a normative act aimed at updating or revoking norms considered obsolete, without alteration of merit.

Diogo Souza
Carmo Nogueira

Head of the Department of International Affairs, substitute