Rule · BCB · 23 Feb 2022 · Resolução BCB 191
BCB Resolution No. 191, issued by the Collective Board of Directors of the Central Bank of Brazil on February 23, 2022, revokes seven specific Circulars (Nos. 2,563, 2,704, 2,820, 3,292, 3,633, 3,725, and 3,835) that previously regulated compulsory deposits. The resolution's effective date is July 1, 2022, as amended by Resolution BCB No. 227 of April 13, 2022. This action removes the normative acts listed, thereby eliminating the regulatory framework established by those circulars regarding compulsory deposits.
Resolution No. 191
RESOLUTION
BCB NO. 191, OF FEBRUARY 23, 2022
Revokes normative acts that provide for compulsory deposits.
The Collective Board of Directors of the Central Bank of Brazil, in a session held on February 23, 2022, based on art. 10, items III and IV, of Law No. 4,595, of December 31, 1964, and art. 66 of Law No. 9,069, of June 29, 1995,
R E S O L V E S:
Art. 1º The following are revoked:
I - Circular No. 2,563, of April 27, 1995;
II - Circular No. 2,704, of July 3, 1996;
III - Circular No.
2,820, of May 27, 1998;
IV - Circular No. 3,292, of September 21, 2005;
V - Circular No. 3,633, of February 21, 2013;
VI - Circular No.
3,725, of October 30, 2014; and
VII - Circular No.
3,835, of June 14, 2017.
Art. 2º This
Resolution enters into force on June 1, 2022.
Art. 2º This Resolution enters into force on July 1, 2022. (Wording given by Resolution BCB No. 227, of 4/13/2022.)
Bruno
Serra Fernandes
Monetary Policy Director
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“VII - Circular No. 3,835, of June 14, 2017.”
“III - Circular No. 2,820, of May 27, 1998;”
“II - Circular No. 2,704, of July 3, 1996;”
“I - Circular No. 2,563, of April 27, 1995;”
“IV - Circular No. 3,292, of September 21, 2005;”
“V - Circular No. 3,633, of February 21, 2013;”
“VI - Circular No. 3,725, of October 30, 2014;”
“BCB Resolution No. 191, of February 23, 2022, shall enter into force with the following alteration”
“and art. 66 of Law No. 9,069, of June 29, 1995”
“based on art. 10, items III and IV, of Law No. 4,595, of December 31, 1964”
Amended 1 time · last 2022-04-13
This document supersedes: Circular No. 3835 — Revokes Circulars Nos. 3,655 of March 27, 2013, and 3,755 of May 28, 2015, Circular No. 2.820: Amends the Rate of the Compulsory Deposit/Mandatory Reserve on Transactions Dealt with in Circular No. 2.511, Circular No. 2704 — Amends the compulsory reserve/deposit requirement rate referred to in Circular No. 2563 of 27.04.95, Circular No. 2563 — Creates a COSIF subtitle and establishes mandatory reserve requirements on the granting of aval, guarantee, or other securities in loan/financing operations between non-financial natural or legal persons
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