BCB Resolution No. 131 — Consolidates norms on the administrative sanctioning process, penalties, commitment terms, precautionary measures, coercive fines, and administrative agreements

BCB Resolution No. 131 consolidates and disciplines the procedural rules for administrative sanctioning processes, the application of administrative penalties, commitment terms, precautionary measures, coercive fines, and administrative agreements within the Central Bank of Brazil. The resolution establishes specific guidelines for deciding whether to initiate a sanctioning process based on the degree of harm to protected legal assets and the effectiveness of alternative supervisory measures. It defines the procedural rites, including electronic formalization, citation methods, deadlines, defense rights, evidence production limits, and decision-making authorities. Furthermore, it details the parameters for applying penalties, including specific infractions related to consortium administrators and compliance with anti-money laundering laws, and sets rules for the publication and appeal of decisions.

BCB published 15 documents in the last 30 days — get each new one by email the day it lands.

BCB RESOLUTION NO. 131, OF AUGUST 20, 2021

Consolidates the norms on the procedure of the administrative sanctioning process, the application of penalties, the commitment term, the precautionary measures, the coercive fine, and the administrative agreement in a supervision process, provided for in Law No. 13,506, of November 13, 2017, and the parameters for the application of administrative penalties provided for in Law No. 9,613, of March 3, 1998.

The Collegiate Board of the Central Bank of Brazil, in a session held on August 19, 2021, based on art. 36 of Law No. 13,506, of November 13, 2017, and considering the provisions of Decree No. 10,139, of November 28, 2019, and Ordinance No. 107.172, of March 11, 2020,

Read the rest free, and get an email when BCB publishes again

Email me when BCB publishes something newOne email per publication, same day. Sign in below to keep reading.

Lineage: Amended

amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Timeline

Amended 1 time · last 2022-12-13

2022-12-13BCBBCB Resolution No. 274 — Amending Resolution BCB No. 131 to Align Penalty Application with Law No. 14,286/2021amends

Source: Banco Central do Brasil — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works